EcoloCap Updates on Chilean M-Fuel Testing
After months of study, EPC's testing confirms that M-Fuel will substantially reduce operating costs for the company
(firmenpresse) - CHICAGO, ILLINOIS -- (Marketwire) -- 11/03/11 -- EcoloCap Solutions Inc. (OTCBB: ECOS)(). After several months of testing EcoloCap's M-Fuel emulsion by EPC of Chili, EcoloCap's management wants to update its stakeholders on the progress to date. M-Fuel has proven it is truly a viable fuel and EPC has demonstrated that it will substantially reduce operating costs for the company. Consequently, the parties are now currently engaged in negotiations on how best to take the next steps forward.
The first goal is to convert more of EPC's Degan, Chile, power plant over to M-Fuel, which will require an additional two or three NPU-60s. EPC has been testing the M-Fuel with an EcoloCap NPU-10, which has the capacity of producing 10 metric tons of M-Fuel per 24-hour period. The NPU-60s considered for the next step have a capacity of 60 metric tons of M-Fuel per 24-hour period. EcoloCap and EPC are currently working on a strategy to fulfill both these short term needs and a longer-term vision that will be of maximum benefit to both companies.
EcoloCap CEO Michael Siegel said "The fact that EPC desires to move forward with us after these tests is a tremendous milestone for EcoloCap. While we ourselves have long known of the amazing savings - in both costs and emissions - made possible by M-Fuel because of the evidence from internal and independent testing alike, client testing is always the most important form of proof. We consider the fact that EPC is still with us after having a full hands-on experience with M-Fuel the greatest validation we could have to show to the many other interested parties who have been watching on with great anticipation."
About The Company:
EcoloCap Solutions Inc. (OTCBB: ECOS) and its subsidiaries Micro Bubble Technologies Inc. ("MBT") and K-MBT Inc., are an integrated group of environmentally focused technology companies that utilize advanced nanotechnology to design, develop, manufacture and sell alternative energy products. Their portfolio of products and services include Li-Nano Battery, a rechargeable battery that surpasses the performance capabilities of any existing battery, MBT's M-Fuel, an innovative suspension fuel for non-gasoline applications that exceeds all conventional fuel's efficiency and the unique single step process for the production of Bio-Diesel. For additional information, please visit the EcoloCap website, .
Forward looking statement:
This press release may contain statements of a forward-looking nature regarding future events. These statements are only predictions, and actual events may differ materially. Please refer to documents that EcoloCap Solutions Inc. files from time to time with the Securities and Exchange Commission for a discussion of certain factors that could cause actual results to differ materials from those contained in the forward-looking statements.
Contacts:
Investor Relations:
Capital Situation Inc.
514-402-2538
EcoloCap Solutions Inc.
866-479-7041
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Datum: 03.11.2011 - 12:30 Uhr
Sprache: Deutsch
News-ID 83633
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CHICAGO, ILLINOIS
Kategorie:
Alternative Energy
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