Company expands its leading patent position in the use of carbonic anhydrase for efficient carbon capture
Outstanding Shares: 79,187,836
QUEBEC CITY, May 2, 2012 /CNW/ - CO2 Solutions Inc. (TSX-V: CST), an innovator in the field of enzyme-enabled carbon capture technologies, announced today that it has received the Notice of Allowance from the U.S. Patent and Trademark Office for the issuance of US20100203619, "CO2 ABSORPTION SOLUTION". The patent will cover the use of carbonic anhydrase (CA) in any form for carbon capture from a gas stream and with any secondary or tertiary amine solvents. This Notice demonstrates the unique nature of the Company's technology, which uses low-energy amine solvents accelerated by CA to cost-effectively capture CO2 for reuse or sequestration. Near-term commercial applications exist for the technology, such as the processing of various industrial gasses, as well as potential long-term markets, such as flue gas treatment in the power generation and oil industry.
"This new patent further solidifies our leadership position in the field of enzymatic carbon capture at a time of intense industry interest in carbonic anhydrase. It provides the ability to deploy our carbon capture technology with low-energy and more environmentally sustainable amines in industries that are using more energy-intensive and costly amines such as monethanolamine (MEA). With our technology we can provide our customers with significant operating cost savings with a 'drop-in' solution that seamlessly integrates within existing gas-treating plants", stated Glenn Kelly, President & 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 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.
For further information:
Investor Relations and Media Contact:
416-815-0700, ext. 225