SOURCE: Great Lakes Biogas Technologies Inc.

December 01, 2008 11:16 ET

Great Lakes Biogas Technologies Inc. Announces Americas License for the Revolution Compactor

MARIETTA, GA--(Marketwire - December 1, 2008) - Mr. Miles Reimersma, President of Great Lakes Biogas Technologies Inc. (PINKSHEETS: GLBS) (FRANKFURT: CS4), announced today that his Company has entered into a second agreement with Zero Waste Biogas Systems Inc. to acquire a license to market its UK-based compaction technology, the Revolution compactor, throughout the Americas. The Revolution is a unique densification technology that achieves higher compaction ratios than conventional compactor equipment and it de-waters and compacts waste in a single operation.

The Revolution compacts waste for ease of transportation. With plastics it has an impressive 50 to 1 compaction ratio. Bruce Coxhead, President and CEO of Zero Waste, said, "All waste producers are becoming sensitive to the cost of shipping the liquids that make up the majority of wet wastes, and the air that makes up the majority of dry wastes. They want to find a way to remove both of them before they are loaded onto a truck and disposed of, both at great expense. The Revolution compactor removes both air and liquids, highly reducing the cost of transportation. Some examples of its use is to de-water wood pulp, concentrate packaging waste like soda pop and shampoos, and complete product destruction of electronic and automotive parts."

The technology is also a great fit with Great Lakes' high-efficiency anaerobic digester as it divides waste into two streams. With wet waste, the liquid slurry stream from organic wastes can be used as feed in digesters and will improve the digesters efficiency by not including indigestible non organic waste. Zero Waste has identified several waste streams that can be used in conjunction with the digester and compactor such as animal renderings, vegetable processor wastes, soups and dairy products.

Great Lakes sees lots of potential in this technology. In the UK and France alone it has a base of 320 installed units in many Fortune 500 companies. The Revolution compactor is one of the most efficient compactors on the market, it can offer a ROI in less than a year, and it is a good strategic fit with Great Lakes anaerobic digesters.

About Great Lakes Biogas Technologies Inc.

Formed in 2001, Great Lakes Biogas Technologies Inc. searches for the winners of tomorrow -- entrepreneurs whose ideas and talents qualify them to pursue large market opportunities successfully. We seek opportunities across a broad spectrum, including biotechnology and pharmaceuticals, medical devices, services and healthcare/life sciences information technology. On a selective basis, we also consider later-stage health and life sciences investments where we can uniquely apply Chelsea's industry and capital markets experience. The company's recent reorganization and business focus is to pursue the numerous opportunities that are presenting themselves in the alternative energy exploration and technology fields today and in the foreseeable future.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.

Contact Information

  • For more information please contact:
    Great Lakes Biogas Technologies Inc.
    Mr. Miles Reimersma
    Mr. Bruce Coxhead
    (770) 872-0517