HDS International Becomes Member of Algal Biomass Organization
PROVIDENCE, R.I., Sept. 12, 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 joined the Algal Biomass Organization, a leading trade association for the U.S. algae industry.
The membership of the Algal Biomass Organization is comprised of over 170 members, including algae companies and organizations across the value chain such as Boeing Co, Waste Management Inc., FedEx Corp., Siemens AG, Honeywell International Inc., and other leading companies investing in the development of viable commercial markets for renewable and sustainable commodities derived from algae.
Among other things, the Algal Biomass Organization works on behalf of the U.S. algae industry to inform policymakers of the potential of algae-based fuels as a long term, viable source of renewable fuels that can help eliminate dependence on imported oil. On August 17th, 2011, the U.S. Government announced that the U.S. Departments of Agriculture, Energy and Navy will invest up to $510 million over the next three years, in partnership with the private sector, to jump-start advanced drop-in aviation and marine biofuels, such as algae-based jet fuels and algae-diesel, to power military and commercial transportation.
The Company expects to remain an active member of the Algal Biomass Organization and leverage the organization's leadership, membership, benefits and member affiliations to promote its business interests as well as the advancement of the renewable energy and eco-sustainability sectors.
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.
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