Mantra Venture Group Ltd.

Mantra Venture Group Ltd.

April 07, 2015 16:15 ET

Mantra Targets Fuel Cell Patent Opportunities

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 7, 2015) - Mantra Energy Alternatives, a subsidiary of Mantra Venture Group Ltd. (OTCQB:MVTG), has announced that it will release a video demonstration of its novel fuel cell technology, the MRFC, upon the filing of the relevant provisional patent applications.

"We have identified several exciting patent opportunities based on this project," said Mantra's VP of Corporate Development, Patrick Dodd. "Our ongoing development has led to component improvements and innovative systems integration. We have determined that it is critical to protect these innovations before moving forward with our demonstration."

These provisional applications are currently in the process of being written and filed. Meanwhile, Mantra has engaged a video developer for the demonstration, and the filming process is underway.

The company has also announced that it will be showcasing the MRFC as a presenting sponsor at the 2015 Marcum Microcap Conference in New York City on May 27th and 28th.

"Mantra had a very positive response and developed several fruitful relationships at last year's Marcum conference, and are pleased to be part of it again," said Larry Kristof, Mantra's CEO. "We are especially excited to be able to show off our MRFC demonstration at the conference."

Immediately after the Marcum conference, from May 31 to June 5, Mantra's CTO Dr. Sona Kazemi will be presenting Mantra's collaborative research at the Gordon Research Conference on Carbon Capture, Utilization and Storage. The prestigious international conference, which will take place in Easton, MA, will be host to important players in the field from academia, industry and government.

"This is an excellent opportunity to show off Mantra's advancements and capabilities in the field of carbon utilization, and we are pleased to be part of it," said Dr. Kazemi.

Mantra's management will be available for one-on-one meetings with interested parties on May 27 to 30 in New York City and from May 31 to June 5 in Massachusetts.

About Mantra Venture Group

Mantra Venture Group Ltd. (OTCQB:MVTG) is a clean technology incubator that takes innovative emerging technologies and moves them towards commercialization. The Company, through its subsidiary Mantra Energy Alternatives, is currently developing two groundbreaking electrochemical technologies designed to make reducing greenhouse gas emissions profitable, ERC (Electro-Reduction of Carbon Dioxide) and MRFC (Mixed-Reactant Fuel Cell).

ERC is a form of "carbon capture and utilization" (CCU) that converts the polluting greenhouse gas carbon dioxide into useful, valuable products including formic acid and formate salts. By utilizing clean electricity, the process offers the potential for an industrial plant to reduce emissions while generating a salable product and a profit.

The MRFC is an unconventional fuel cell that uses a mixture of fuel and oxidant, thereby greatly reducing the complexity and cost of the fuel cell system. Ideal for portable applications, the MRFC is cheaper, lighter, and more compact than conventional fuel cell technologies.

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Forward-looking statements: Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Mantra Venture Group's filings with the Securities and Exchange Commission, which identify specific factors that may cause actual results or events to differ materially from those described in forward-looking statements.

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