SAN JUAN CAPISTRANO, CA--(Marketwire - August 3, 2009) - Biocentric Energy Holdings, Inc. (
Biocentric President Dennis Fisher today announced the company is in serious negotiations for the exclusive licensing of the closed loop photobioreactor system, with an Asian country. The terms of the negotiations, the licensing fee and the country in question are to remain confidential at this time. Mr. Fisher also indicated the exclusive licensing fee for the entire country was a significant amount and that a consummated contract is anticipated during August 2009.
Company COO Mr. Dennis Shen returned from China earlier this week and confirmed the Teaming agreement with Zhenxing Co was fully executed, and the company is now able to leverage the resources in China to design and manufacture certain components for Biocentric's global operations.
Following updates for the production and ALGAE harvesting for the company's onsite closed loop Photobioreactor system. The 1800 square feet closed loop Photobioreactor is fully operational and the initial harvest of the ALGAE culture is expected sometime next week. The company plans to produce a Biodiesel sample product from this initial harvest and initiate lab testing of the Biodiesel fuel samples to calculate the emission reductions of a diesel engine operating on the ALGAE based Biodiesel fuel. The results of the test will be made available by Press Release and the company's website.
Mr. Shen will be returning to China in the second week of August to finalize additional negotiations.
Dennis Fisher, Company President, today commented, "Emerging Green Companies today released a 3 part interview on their website which is a detailed introduction to how ALGAE is produced, harvested and the products' end use contributing to a future all 'Green' environment."
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Biocentric Energy Holdings, Inc. is dedicated to the development of new technologies as well as acquiring and fostering companies with innovative technologies designed to provide unique and effective green energy solutions for the 21st century. Along with the cultivation of important relationships and partnerships with synergistic entities, Biocentric Energy has devoted substantial time and effort in research and development in order to bring a range of innovative green alternatives to the marketplace.
Safe Harbor Statement: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as BEHL or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
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