HDS International Announces Addition of Technologies to Intellectual Property Portfolio
PROVIDENCE, R.I., Sept. 2, 2011 /PRNewswire/ -- HDS International Corp. (OTCQB: HDSI), a provider of industrial ocean-based biomass production and other high-value eco-sustainability solutions, today announced that it has added new technologies to its intellectual property portfolio relating to carbon sequestration and algae-to-energy systems.
The technologies, acquired under an exclusive license agreement from Hillwinds Energy Development Corp., relate to the reutilization of carbon dioxide from emissions using certain genetically modified algae as an active agent in a biological reactor to reduce carbon dioxide emissions produced during combustion by converting them into methane. The resulting methane can be used as fuel and burned in the same combustion chamber that produced carbon dioxide, adding energy back to the production cycle and decreasing the consumption of primary fuel.
The method combines a natural system (algae biomass as a bioreactor) with an industrial component (combustion). Since the genetically modified algae used in this process can convert carbon dioxide into methane for energy repeatedly in a closed loop system, the method eliminates the costly procedure of processing biomass for future usage. This significantly increases energy efficiency of the biomass while decreasing expenses. Overall, the method can significantly decrease the atmospheric release of carbon dioxide in an energy-generating system by sequestering carbon and utilizing it to produce methane as fuel in the production cycle.
Tassos D. Recachinas, HDS' President and CEO added, "Today's announcement significantly strengthens HDS' product offering and dramatically expands the scope of our technological capabilities and portfolio of eco-solutions. The novel applications we foresee from today's new technologies broaden our reach to an entirely new set of carbon emitters and energy users, while simultaneously showcasing the strength of our intellectual capital and competitive advantages."
Hillwinds Energy Development Corporation (HEDC) is the licensor of certain other technologies of the Company, under the same licensed territory covered under today's announcement. HEDC is indirectly a beneficial owner of the majority of the Company's fully diluted common stock and is controlled by the Company's officers. The consideration paid for receipt of the assets announced today was deemed immaterial, and the Company believes that the financial terms of today's transaction are exceptionally favorable to HDS and all of its shareholders.
About HDS International Corp.
HDS International Corp. (OTCQB: HDSI), based in Providence, RI, is a green technology company providing carbon capture and sequestration solutions, as well as industrial, all natural ocean-based algae farming solutions for the production of renewable, sustainable, and economically viable biofuels, bioproducts, and carbon elimination. Our licensed technologies provide us with an attractive strategic position and competitive advantages within our markets, which include renewable energy and environmental and eco-sustainability.
Statements included in this update that are not historical in nature, are intended to be, and are hereby identified as, "forward-looking statements". Forward-looking statements may be identified by words including "anticipate," "believe," "intends," "estimates," "expect," and similar expressions. The Company cautions readers that forward-looking statements including, without limitation, those relating to the Company's future business prospects are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements, due to factors such as those relating to economic, governmental, technological, and other risks and factors identified from time to time in the Company's reports filed with the SEC.
HDS International Corp.
SOURCE HDS International Corp.
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