SOURCE: Freedom Energy Holdings, Inc.

Freedom Energy Holdings, Inc.

July 13, 2015 08:45 ET

Freedom Energy Holdings, Inc. Receives Engineering Grant for Proprietary Recycling Technology

FORT WAYNE, IN--(Marketwired - Jul 13, 2015) - Freedom Energy Holdings, Inc. (OTC: FDMF) CEO, Brian Kistler, today announced it has received a grant from Elevate Ventures to hire an engineering firm to prepare the engineering review of its proprietary Asphalt Shingle Recycling technology known as SR-139.

Kistler stated, "It is with great pleasure and excitement that I announce that Freedom has been awarded an engineering grant from Elevate Ventures. I am further pleased to announce that we have engaged and AdapTek Systems of Fort Wayne, Indiana has accepted the project to perform the engineering analysis.

"The next phase for the SR-139 process is to take all the data we have accumulated over the last 4 years and have a professional engineering team create the specifications and drawing for the mechanics of the recycling process. It is a wonderful opportunity to partner with the partners of Elevate Ventures and AdapTek Systems and a very strong vote of confidence from them that we have been on the right track."

ABOUT ELEVATE VENTURES:
Elevate Ventures nurtures and develops emerging and existing high-potential businesses into high-performing, Indiana-based companies. Elevate accomplishes this by providing rigorous business analysis and robust advisory services that connect companies with the resources they need to succeed long-term. As a not-for-profit organization, they are able to offer unbiased, in-depth perspective and recommendations. Elevate Ventures seeks out business endeavors that identify a need in the marketplace and are well-positioned to successfully transition from research to product development to market. These companies grow local economies and employment throughout Indiana, in addition to attracting and retaining top-level talent for the Hoosier state. Comprehensive due diligence is critical to determining the long-term financial viability of these companies. Elevate Ventures provides more than just capital, they partner with entrepreneurs, investors and other local and state organizations to ensure the best return on investment. In addition to financial resources, Elevate addressees other market barriers, which may include management, business development, talent identification and retention, and specific technology development challenges. Elevate doesn't just write a check and walk away -- they help sustain business success and growth over time. With a seasoned staff and a host of proven outside partners, they provide objectivity and insights that are among the best in their profession.

ABOUT ADAPTEK SYSTEMS:

Adaptek Systems is an innovative leader in standard and custom designed automated production equipment solutions. Since 1989 the Adaptek Team has been part of the production success for hundreds of our clients involved in producing precision electromechanical components. Adaptek's combined engineering expertise in cost effective production systems and our flexibility in design concepts, offers you the many options needed to remain competitive and profitable. Each unique solution offers the best matched technology, rapid return on your investment and rock solid reliability. Adaptek Systems is Productivity Delivered.

ABOUT FREEDOM ENERGY HOLDINGS, INC:
Freedom Energy Holdings, Inc. (OTC: FDMF) is a holding company that specializes in the identification and development of technologies with commercial applications. The company's primary focus is the commercial development of its proprietary, breakthrough technology; (SR-139) proven to be effective at breaking down asphalt shingles allowing the extraction and recovery of hydrocarbons.

FORWARD LOOKING STATEMENT-This press release contains certain "forward‐looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward‐looking statements. The Company, through its management, makes forward‐looking public statements concerning it expected future operations, performance and other developments. Such forward‐looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in company's public announcements.

Contact Information

  • Contact:
    Brian Kistler
    CEO
    260-490-9990