SOURCE: Bluesphere Corp

January 15, 2015 10:49 ET

Bluesphere Corp Technology Division Announces Founders Agreement for Lithium-Ion Fast Charge Technology

EVEN YEHUDA, ISRAEL--(Marketwired - Jan 15, 2015) -  Bluesphere Corp. (OTCBB: BLSP) (the "Company" or "Bluesphere"), a clean energy company that develops, manages and owns waste-to-energy projects, announced today that its technology division has signed a founders agreement establishing the ownership rights of the "fast charge battery" technology. Bluesphere has been focusing on energy and technology and after exhaustive research is pleased to form this strategic alliance with Nanyang Technological University and the technology inventor Prof. Chen Xiaodong.

Bluesphere CEO Shlomi Palas stated that "the long-term focus of Bluesphere includes our Technology division. We have been working on this division from the very beginning as we felt that energy and technology were two major markets to participate in. Bluesphere technology has been reviewing and completing due diligence on what we believe is a market changer, that being the technology for a fast charge lithium Ion battery. The lithium-ion battery is a staple in major sectors of daily technology people use every day and there are 3 major dissatisfactions in the consumer market with the lithium-ion battery, those are:

1. Safety
2. Charging
3. Lifecycle

The founders agreement can be found for review at www.blspqb.com

Bluesphere is in the business of generating electricity from biogas derived from organic waste, which is mostly food waste, and selling this electricity to leading electric companies through long-term power purchase agreements. Waste-to-energy is one of the fastest growing segments in the renewable energy markets. According to SBI Energy, the thermal and biological segments reached $6 billion in 2012 and will reach $29 billion by 2022.

For further information please contact Mark Radom at 972 52 798 0831 or info@bluespherecorporate.com or go to www.blspqb.com

About Bluesphere Corporation
Bluesphere Corporation is a company in the cleantech sector as a waste-to-energy project Integrator. Bluesphere develops waste-to-energy and other renewable energy projects. The Company aspires to become a key player in the global waste-to-energy and renewable energy markets. For further information please visit the Company's website www.bluespherecorporate.com

Forward-Looking Statements 

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term is defined in the Private Litigation Reform Act of 1995, which are subject to risks and uncertainties and may change at any time. These statements are only predictions and involve known and unknown risks, uncertainties and other factors including, without limitation, (i) uncertainties regarding our ability to obtain adequate financing on a timely basis including financing for specific projects, (ii) the financial and operating performance of our projects after commissioning, (iii) uncertainties regarding the market for and value of carbon credits and other environmental attributes, (iv) political and governmental risks associated with the countries in which we operate, (v) unanticipated delays associated with project implementation including designing, constructing and equipping projects, as well as delays in obtaining required government permits and approvals, (vi) the development stage of our business and (vii) our lack of operating history. As such, there is no assurance that the initiatives described in the press release will be successfully implemented or meet expectations.

The Company assumes no obligation to update the information in this release.

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