VANCOUVER, March 11 /CNW/ - Lignol Energy Corporation (TSX-V: LEC) ("Lignol" or "the Company"), a leading technology company in the cellulosic ethanol and biorefining sector, and Kingspan Group PLC ("KINGSPAN"), a global supplier of construction products, today announced a Joint Development Agreement (the "Agreement") for the development of commercial applications incorporating Lignol's unique class of High-Purity Lignin and lignin derivatives ("HP-L(TM) lignin") into various products.
The Agreement establishes a program to incorporate Lignol's renewable HP-L(TM) lignin into KINGSPAN's products. The Agreement includes a detailed development program that the parties will work on exclusively, utilizing Lignol's HP-L(TM) lignin as a replacement for some of the raw materials presently used in KINGSPAN's products.
"The development of products containing materials that have environmental benefits is a major objective of KINGSPAN's corporate sustainability program," said Peter Wilson, a Group Director of KINGSPAN. "We are interested in exploring potential applications for renewable sustainable materials such as Lignol's HP-L(TM) lignin within our business for several key reasons, including reducing the business' carbon footprint."
"We are delighted to be working with KINGSPAN, a company that has extensive research and development capabilities, global manufacturing and operations, and a commitment to providing its customers with products that reduce environmental impact," said Ross MacLachlan, President and CEO of Lignol. "Our world class lignin research group looks forward to working with KINGSPAN in developing application-specific HP-LTM lignin and lignin derivatives to enhance KINGSPAN's products. This Agreement demonstrates our continued progress in the development of potentially large-scale commercial applications for our high purity lignins."
In converting non-food cellulosic biomass feedstocks, such as agricultural residues and forestry waste, into ethanol, the Lignol biorefining process fractionates the biomass and extracts lignin, which naturally occurs in all cellulosic biomass, to produce a range of unique HP-LTM lignin materials. These compounds have been shown to have application in a wide range of industrial products, with a consequent reduction of greenhouse gas emissions.
About KINGSPAN Industries
KINGSPAN Group PLC is one of Europe's fastest growing building materials manufacturers. Kingspan Group was formed in the late 1960's and is a publicly quoted group of companies with its headquarters in Kingscourt, County Cavan, Ireland. Kingspan Group has manufacturing, distribution and commercial operations throughout Europe, North America, Australasia and other locations across the globe. www.kingspan.com
Lignol (TSX-V: LEC) is a Canadian company undertaking the development of biorefining technologies for the production of fuel-grade ethanol and other biochemical co-products from non-food cellulosic biomass feedstocks. Lignol's modified solvent based pre-treatment technology facilitates the rapid, high-yield conversion of cellulose to ethanol and the production of value-added biochemical co-products, including high purity HP-L(TM) lignins. HP-L(TM) lignin represents a new class of high purity lignin extractives (and their subsequent derivatives) which can be engineered to meet the chemical properties and functional requirements of a range of industrial applications that until now has not been possible with traditional lignin by-products generated from other processes. Lignol is executing on its development plan through strategic partnerships to further develop and integrate its core technologies on a commercial scale. Lignol also intends to invest in, or otherwise obtain, equity interests in energy related projects which have synergies with its biorefining technology. For more information about Lignol, please visit our website at www.lignol.ca.
Neither 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.
Caution concerning forward-looking statements
Certain statements contained in this document may constitute forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include, without limitation, statements or information about our ability to exploit commercial opportunities and broaden our market opportunities for a range of cellulosic derivatives and environmentally sustainable biochemicals and our ability to pursue these opportunities with strategic partners including the potential for developing commercial product opportunities with KINGSPAN. Often, but not always, forward-looking statements or information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes" or variations of such words and phrases or words and phrases that state or indicate that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements or information reflect Lignol's current views with respect to future events and are subject to certain risks, uncertainties and assumptions including, without limitation, our ability to develop our products and our ability to enter into agreements with strategic partners on terms acceptable to us. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors could cause Lignol's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements or information including, among other things, the technological challenges that remain to be surpassed in obtaining the necessary operating data from our fully integrated biorefinery pilot plant that is required prior to completing the next design scale-up of the technology, the complexity of the development of the commercial demonstration plant, financial market conditions which will effect Lignol's ability to finance its operations, risks relating to the protection of Lignol's core technology from infringement and those risk factors which are discussed elsewhere in documents that Lignol files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements or information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Except as required by law, the Company expressly disclaims any intention or obligation to update or revise any forward looking statements and information whether as a result of new information, future events or otherwise. All written and oral forward-looking statements and information attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements.
SOURCE Lignol Energy Corporation
For further information: For further information: Lignol Energy Corporation, Paul Hughes, Vice President - Corporate Development & Communications, Tel: (604) 453-1246, Email: firstname.lastname@example.org; The Equicom Group, Adriana Braczek or Alice Dunning, Investor Relations, Tel: (416) 815-0700 ext. 240 or 255, Email: email@example.com or firstname.lastname@example.org