Solutions4CO2 Inc.
TSX VENTURE : SFC

Solutions4CO2 Inc.

April 30, 2012 08:30 ET

Solutions4CO2 Inc. Signs Second Joint Venture Agreement for US Based Facilities

TORONTO, ONTARIO--(Marketwire - April 30, 2012) - Solutions4CO2 Inc. ("S4CO2") (TSX VENTURE:SFC) a Canadian waste gas/water to co- products company, signed its second joint venture agreement with BARD Holding, Inc. (www.bardholding.com) to develop a commercial production facility in the Midwest region of the U.S., to produce algae biomass to be processed into bio-plastics and other high value added co-products. The facility is scheduled to open in early 2013. S4C02 and BARD Holding recently announced another JV to develop a 10,000 sq. ft. algae production and processing facility at the Bluewater Energy Park in Sarnia, Ontario, Canada. (www.bluewaterenergypark.ca).

"This agreement is an exciting advancement in our relationship with BARD Holding, Inc., a leading US-based cleantech provider of microalgae growth solutions for co-product markets. Through this JV structure, S4CO2 will be responsible for designing, building, operating and maintaining the facilities on behalf of the JV Company. This leverages the strengths of S4CO2 and its state-of-the-art monitoring systems, enabling optimal outcomes for the facility and significant revenue generation potential for the company. It also represents a key milestone of exporting the S4CO2 technology into global markets." said Doug Kemp-Welch, President of S4CO2.

"There is a great deal of synergy captured by combining the leading technologies of both S4CO2 and BARD to provide excellent efficiencies for the waste gas to co-products value chain," said Dr. Surajit Khanna, Founder and CEO of BARD Holding, Inc. "S4CO2 is an integral technology and business partner for us in the realization of the waste gas to co-products facilities under development for the US market."

About Soutions4CO2 Inc.:

Solutions4CO2 Inc. has a patented system to capture Greenhouse Gases (GHGs) from waste gas streams. The system utilizes these gases in the production of high-value co-products derived from microalgae. The Corporation's system utilizes patented technology under exclusive license and supply agreements to efficiently capture and separate the primary greenhouse gases, such as carbon dioxide, nitrogen dioxide and sulphur dioxide, from post combustion, fermentation or biogas processes. The system is capable of efficiently capturing over 95% of these gasses and delivers these gasses in a fully dissolved form into algae cultivation systems resulting in enhanced growth rates. The system is capable of optimizing the delivery of CO2 by monitoring the level of CO2 in solution to an accuracy of 5ppm. The company is focused on designing, building, operating and maintaining these waste gas/water to co-product systems in partnership with large emitters and co-product producers.

About BARD Holding, Inc.:

BARD Holding, Inc. is a U.S. based algae production company. In 2007, BARD entered the cleantech market with a focus on commercial-scale biodiesel production utilizing traditional feedstocks such as soybeans, palm, Jatropha and algae. BARD successfully modified its patent-pending microalgae cultivation technologies to provide natural, sustainable sources for a broad range of consumer products in the biofuel, animal feed, nutraceutical, pharmaceutical and biochemical industries. BARD was nominated by Smart CEO for the first annual VOLT Awards' "Small Tech Company of 2012" and "CleanTech Company of the Year" for 2012 Enterprise Awards by Pennsylvania's PACT (Greater Philadelphia Alliance for Capital and Technologies.) BARD was named 'Algaepreneur of 2009' by the National Algae Association. BARD Holding maintains headquarters outside of Philadelphia with production facilities in Georgia, and offices in New York, Houston, Washington, DC, San Francisco, Los Angeles, London and Berlin, Germany. For more information please visit www.bardholding.com.

For more information, please visit www.s4co2.com, or view the Prospectus on SEDAR at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Solutions4CO2 Inc.
    Douglas Kemp-Welch
    CEO
    416-803-9435
    www.s4co2.com

    Greenedge Capital Solutions
    Susan McLean
    647-345-5199