Outstanding Shares: 100,494,626
QUEBEC CITY, Sept. 25, 2014 /CNW/ - CO2 Solutions Inc. (TSX-V: CST), the leader in the field of enzyme-enabled
carbon capture technology, today announced that as part of its
strategic review of the options available in the pursuit of commercial
opportunities, particularly in the United States, the Corporation has
determined that continuing the collaboration announced earlier this
year with Neumann Systems Group (NSG) in no longer in its best
interests. The collaboration, therefore, will end effective September
"We are now focusing our attention and resources on alternative
collaborations to meet our objective of offering a low-cost,
next-generation commercial CO2 capture system for applications such as Enhanced Oil Recovery", stated
Evan Price, President and CEO of CO2 Solutions.
About CO2 Solutions Inc.
CO2 Solutions is an innovator in the field of enzyme-enabled carbon capture
and has been actively working to develop and commercialize the
technology for stationary sources of carbon pollution. CO2 Solutions' technology lowers the cost barrier to Carbon Capture,
Sequestration and Utilization (CCSU), positioning it as a viable CO2 mitigation tool, as well as enabling industry to derive profitable new
products from these emissions. CO2 Solutions has built an extensive patent portfolio covering the use of
carbonic anhydrase, or analogues thereof, for the efficient
post-combustion capture of carbon dioxide with low-energy aqueous
solvents. Further information can be found at www.co2solutions.com.
CO2 Solutions Forward-looking Statements
Certain statements in this news release may be forward-looking. These
statements relate to future events or CO2 Solutions' future economic performance and reflect the current
assumptions and expectations of management. Certain unknown factors may
affect the events, economic performance and results of operation
described herein. CO2 Solutions undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required under applicable
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE: CO2 Solutions Inc.
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