Outstanding Shares: 79,687,836
QUEBEC CITY, Jan. 15, 2013 /CNW/ - CO2 Solutions Inc. ( TSXV:CST), an innovator in the field of enzyme-enabled carbon capture technology, today announced it will receive $348,000 in non-reimbursable funding from the National Research Council (NRC) Canada's Industrial Research Assistance Program (IRAP). The funding will be used to support the ongoing development of CO2 Solutions' technology, including enzyme evolution and enzyme management process optimization work and will be disbursed over the next twelve months.
"This funding demonstrates our ability to secure financial backing from multiple sources in order to develop and commercialize our low-cost carbon capture technology," said Glenn Kelly, President and Chief Executive Officer of CO2 Solutions. "NRC-IRAP's commitment enables CO2 Solutions to drive further optimization of our technology for commercial application."
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 operations 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 law.
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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