Dallas, Texas (PRWEB) September 03, 2013
Algae International Group Inc. (OTCBB:ALGA) and Syngar Technologies In (“Syngar”) have signed a Memorandum of Understanding (MOU) for a Joint Venture utilizing the Syngar Technology to stimulate the growth of algae cell mass and to increase the amount of oil harvest for extraction by upwards of 24%.
Garth Likes CEO of Syngar stated, “We are excited to explore this Joint Venture opportunity for our shareholders and the utilization of our technology “PLUSWave”, which is able to stimulate algae growth, thereby enabling ALGA to harvest algae product more frequently then currently envisioned. The net effect is to speed up growth both in the inoculum phase as well as the pond-growing phase with an increase in algae cell mass for animal feed products and extraction of oils for bio diesel/jet fuel production.
PLUSWave affects any fermentation process by applying a proprietary ultrasound frequency generated over a specific range of time and power levels by equipment known as transducers. The effect is to stimulate growth of the cell and cellular products.
John Potter president of ALGA stated, “The PLUSWave transducers are a bolt–on technology that can be used within any bio fermentation tank or cellular growth process using a simple retrofit of the tank or pond/raceway system. This technology works within the existing algae industry infrastructure and does not rely upon any genetically modified organisms (GMO) or other technology requiring follow-on regulatory or new infrastructure build out, to achieve an economic benefit.”
ALGA plans to utilize the PLUSWave technology to enhance its production yields in the development of specific unique algae species, for the extraction of oils and other valuable lipids and products, for a variety of industries ranging from bio-diesel and jet fuel, fuel additives, lubricants, pharmaceuticals, nutritional products and even cosmetics. PLUSWave will also allow for increased CO2 tax credits for the Company and is a win/win for the companies and the environment.
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About Algae International Group Inc:
Algae International Group Inc. (OTCBB: ALGA) is a public company in the development stage of renewable energy that is seeking to develop Biofuel from Algae utilizing a trademark process of "InSym" that combines methane, CO2, fuel cells, nitrates, phosphates, sunlight and a specialized press to remove biomass and create HRD and HRJ fuel. For more info visit: http://www.algaeplanet.com
About Syngar Inc.
The Company is a private Canadian company based in Edmonton Alberta and was established in May 2009. The PLUSWave Technology uses specific and proprietary ultrasound frequencies, at specific power levels, over set time intervals to stimulate the fermentation growth of microorganisms, mammalian cell cultures and also increases protein expression. For More Info: http://www.syngar.com
Safe Harbor Statement - This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward- looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ALGA does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.