Norwich Bio Energy Announces Licensing Agreement MOU

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Norwich Bio Energy Inc. and Chiptec Wood Energy Systems shake hands in an effort to provide low-cost energy solutions to customer.

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Chiptec looks forward to working with Norwich to help reduce its customer’s high-energy costs using our base load renewable energy solution.

Norwich Bio Energy Inc, a biomass gasification technology company for combined heat and power plants 100kW – 10 MW of electrical output, announces that a licensing agreement MOU with Chiptec Corporation DBA Chiptec Wood Energy Systems (http://www.chiptec.com) has been signed. Chiptec, an owner-managed company from Vermont, has more than 25 years of experience in the biomass to energy gasification industry. Using proven technology, they have over 200 installations to their record worldwide.

Both parties will work together to conclude the License Agreement whereby Norwich Bio Energy Inc. obtains the rights to sell, assemble, install and operate the Chiptec Wood Energy Systems biomass CHP gasification systems and, at a later stage, to build components not relevant to Chiptec Wood Energy Systems intellectual property rights and/or proprietary equipment. The Region specified by this Agreement includes remote off grid northern communities in Alaska and Canada, commercial & industrial entities in the Caribbean, Central America & selected regions in South America. Under this agreement, Chiptec Wood Energy Systems would continue to supply Norwich its intellectual property hardware and software.

Peter Gregg, CEO of Norwich Bio Energy stated “After a comprehensive three year technology market assessment, we have concluded that the leading edge Chiptec technology combined with providing our customers with a lump sum turnkey package and guaranteed long term fuel supply agreements, is the best base load carbon neutral renewable energy solution available on the market today.”

Bob Bender, CEO of Chiptec added “Chiptec’s versatile and proven biomass gasification technology is ideally suited to meet the diverse CHP renewable energy requirements that Norwich has. Chiptec looks forward to working with Norwich to help reduce its customer’s high-energy costs using our base load renewable energy solution.    

For further information, please contact:

Peter Gregg, CEO                                                                            
Norwich Bio Energy Inc                                                     
Phone: +502-5752-3838                                                                            
Web site: http://www.norwichbioenergy.com

Robert Bender, CEO
Chiptec Wood Energy Systems
Phone: 1-802-658-0956
Web site: http://www.chiptec.com

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Darryl Haley
Haley & Associates Inc
1-902-530-7000 Ext: 222
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