SOURCE: Globex, Inc.

July 31, 2006 13:20 ET

Globex, Inc. Announces Positive Trial Results for Its New SCF Technology

Technology Exhibits High Lignin Removal Using Wood Chips

NEW YORK, NY -- (MARKET WIRE) -- July 31, 2006 -- Globex, Inc. (PINKSHEETS: GLXI) today announced that its new supercritical fluid (SCF) technology has exhibited a lignin removal of more than 50% at ambient temperatures into a SCF 4-litre pressure vessel. The material used in the trial was common wood chips. This technology appears to be effective at a reasonable production cost, which is an essential attribute in order to be competitive with conventional commodity fuels. Moreover, this pre-treatment seems to be effective in converting an important part of hemicellulose to sugars and thereby leaves the cellulose ready to be treated by hydrolytic enzymes.

This technology involves a green chemistry process, which presents considerable advantages over traditional pre-treatment methods including acid or alkaline hydrolysis. Almost all of the pre-treatment technologies only partially break the lignin-biomass cell structures, which increases the duration of the process and reduces the yield of enzymatic hydrolysis. The use of SCF technology in this case necessitates only the use of highly pressurized CO2 as the chemical reagent, which is recovered at a high rate in a closed loop system. There is no use of acid or base chemical reagent and thus waste treatment costs are minimized.

About Biomass Conversion Process

Cellulosic biomass contains approximately 45% of cellulose (can be converted to fermentable glucose), 30% hemicellulose (also convertible) and 15 to 20% of lignin (a non-fermentable phenyl-propene). Enzymatic conversion of cellulose and hemicellulose is the most promising way to economic success because nearly all theoretical yields of sugar are possible. However, a pre-treatment process (under development by Globex, Inc.) is essential to break the intimate cell structure of cellulosic material allowing the hydrolytic enzymes to access the cellulose inside the structure. This process ensures high product yields, which is the key economic or revenue driver behind biomass conversion.

About Globex, Inc.

The mission of Globex, Inc. is to develop conversion technologies and methods related to the production of alternative 'green' energy. Our objectives are to become an important player in the high-growth ethanol industry and, in turn, establish a strong position in the green energy industry. Globex's goal is to capitalize on the rapid rise in the demand for ethanol that is being driven by the energy bill passed by the US Congress last year, which mandates the use of ethanol as a fuel additive rather than MBTE in order to reduce greenhouse gas emissions. In particular, the bill requires an increase in ethanol use by refiners to 7.5 billion gallons by 2012, which is nearly double the current total of about 4 billion gallons per year.

For more information please contact Michel Benoit at (514) 288-8494 or via e-mail at

Forward-Looking Statements

Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.

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