TSX - NRG
OTCQX - ANRGF
CALGARY, May 23, 2013 /CNW/ - (TSX - NRG; OTCQX - ANRGF) - Alter NRG Corp., ("Alter NRG" or the "Corporation") is pleased to announce the signing of a contract with the Connecticut
Center for Advanced Technology, Inc. ("CCAT") for approximately
$750,000 of testing services at the Westinghouse Plasma Center in
Pennsylvania. Westinghouse Plasma is a wholly owned subsidiary of
Alter NRG and has a testing center in Pennsylvania which can perform
gasification testing for different feedstocks to test syngas
composition and quality and optimize facility engineering and design.
The contract is to take various combinations of coal and municipal solid
waste and convert it into syngas for testing as part of the carbon
capture, sequestration, reuse, and usage in liquid fuel technologies on
behalf of the US Department of Defense. The testing program is
expected to be completed by the end of the third quarter of 2013.
ABOUT ALTER NRG
Alter NRG provides alternative energy solutions to meet the growing
demand for environmentally responsible and economically viable energy
in world markets. Alter NRG's primary objective is to further
commercialize the Westinghouse Plasma Gasification Technology, through
its wholly owned subsidiary, to provide renewable and clean energy
solutions from a wide variety of feedstocks, and provide a wide variety
of energy outputs - including liquid fuels like ethanol and diesel,
electrical power, and syngas.
The Toronto Stock Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Advisory Respecting Forward-Looking Statements
This news release contains certain forward-looking information and
statements within the meaning of applicable securities laws. In
particular, this news release contains forward-looking information and
statements pertaining to the timing and completion of the testing
program. Various assumptions were used in drawing the conclusions or
making the projections contained in the forward-looking statements in
this news release.
The forward-looking information and statements included in this news
release are not guarantees of future performance and should not be
unduly relied upon. Forward-looking statements reflect management's
current beliefs and assumptions, based on information currently
available to management. A number of factors could cause actual results
to differ materially from the results discussed in the forward-looking
statements, many of which are beyond the control of the Corporation.
Among the material factors that could cause actual results to differ
materially from those indicated by such forward-looking statements are:
that the information is of a preliminary nature and may be subject to
further adjustment; unforeseen environmental effects; arrangements with
key suppliers; potential product liability and other claims; risks
associated with the proprietary technology; changes in government
regulation, including changes to environmental regulations; the
dependence on senior management and key personnel, failure of CCAT to
perform its obligations under the contract and fluctuations in currency
exchange rates and interest rates, as well as those factors discussed
in or referred to under the heading "Risk Factors" in the Corporation's
Annual Information Form dated March 28, 2013 available at www.sedar.com. Such information and statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or events
to differ materially from those anticipated in such forward-looking
information or statements.
The Corporation cautions that the foregoing list of assumptions, risks
and uncertainties is not exhaustive. The forward-looking information
and statements contained in this news release speak only as of the date
of this news release, and the Corporation assumes no obligation to
publicly update or revise them to reflect new events or circumstances,
except as may be required pursuant to applicable securities laws.
SOURCE: Alter NRG Corp.
For further information:
Walter Howard, Chief Executive Officer
(403) 806-3877 firstname.lastname@example.org
Daniel Hay, Chief Financial Officer
(403) 214-4235 email@example.com