TSX-V: CST
Outstanding Shares: 100,494,626
QUEBEC CITY, Sept. 25, 2014 /CNW/ - CO2 Solutions Inc. (TSX-V: CST), the leader in the field of enzyme-enabled carbon capture technology, today announced that as part of its strategic review of the options available in the pursuit of commercial opportunities, particularly in the United States, the Corporation has determined that continuing the collaboration announced earlier this year with Neumann Systems Group (NSG) in no longer in its best interests. The collaboration, therefore, will end effective September 25, 2014.
"We are now focusing our attention and resources on alternative collaborations to meet our objective of offering a low-cost, next-generation commercial CO2 capture system for applications such as Enhanced Oil Recovery", stated Evan Price, President and 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 operation 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.
Investor Relations and Media Contacts:
CO2 Solutions:
Thom Skinner
418-842-3456, ext. 223
[email protected]
www.co2solutions.com
or
TMX Equicom
Marc Lakmaaker
416-815-0700, ext. 248
[email protected]
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