EcoloCap Announces Progress in Chile and the Ukraine
08 July 2011 - 10:30PM
Business Wire
EcoloCap Solutions Inc. (OTCBB:ECOS), announces that the first
of four emulsion fuel plants has been delivered to Empresas Energy
Partners/Generadora de Energia LTDA (EPC), a utility company in
Chile whose estimated fuel needs represent $84M in equipment and
additive sales. This is the first phase of the purchase agreement
between EcoloCap Solutions Inc and Empresas Energy.
(http://www.empresasepc.cl/todo%20ingles.html)
The NPU-10 produces 10 metric tons of M-Fuel per 24 hour period
and can emulsify Diesel, Kerosene and other Heavy Fuel Oils. M-Fuel
is an emulsion of 70% diesel, 30% water, and a proprietary
additive. Independent tests have indicated a reduction of
particulate emissions of over 90% and NOX by 65% while producing
the same efficiency as the original unprocessed fuel. EPC expects
to save a minimum of 20% on the costs of fuel by utilizing M-Fuel,
which will represent tens of millions of savings each year once the
program is fully implemented.
Robert M. Egger Jr. EcoloCap’s COO is in Chile to supervise the
installation and testing of the equipment along with four Korean
engineers and technicians from KMBT Korea, EcoloCap’s Korean
subsidiary.
Mr. Egger states: “The is the culmination of years of research
and development and the ultimate demonstration of our technology,
as well as the first delivery in a program that should result in
over $27M in sales of equipment and close to $54M a year in sales
of additive. We feel the whole world is watching these
developments, as we have prospective customers and distributors
from four continents and over ten countries, major companies and
governments, representing hundreds of millions in sales for
EcoloCap.”
In other ongoing negotiations, at the invitation of the
Ukrainian Government, Michael Siegel, the CEO of EcoloCap, is
visiting the Ukraine to meet with the Minister of Energy to discuss
an agreement for the implementation of an M-Fuel strategy for the
City of Kiev, then to extend to the rest of the country. This visit
follows months of exchange of information, testing and
negotiations.
About The Company: EcoloCap Solutions Inc. (OTC.BB:ECOS) and its
subsidiaries Micro Bubble Technologies Inc. ("MBT") and K-MBT Inc.,
are an integrated group of environmentally focused technology
companies that utilize advanced nanotechnology to design, develop,
manufacture and sell alternative energy products. Their portfolio
of products and services include Li-Nano Battery, a rechargeable
battery that surpasses the performance capabilities of any existing
battery, MBT's M-Fuel, an innovative suspension fuel for
non-gasoline applications that exceeds all conventional fuel's
efficiency and the unique single step process for the production of
Bio-Diesel. For additional information, please visit the EcoloCap
website, http://www.EcoloCap.com.
Forward looking statement:
This press release may contain statements of a forward-looking
nature regarding future events. These statements are only
predictions, and actual events may differ materially. Please refer
to documents that EcoloCap Solutions Inc. files from time to time
with the Securities and Exchange Commission for a discussion of
certain factors that could cause actual results to differ materials
from those contained in the forward-looking statements.