FORT LAUDERDALE, Fla., Jan. 16, 2013 /PRNewswire/ -- BioPower (OTCQB: BOPO) announced today the launching of the FTZ Energy Exchange. The FTZ Energy Exchange structures the exchange of information and data for the purchase, sale and trading of electricity, oil, gas, biofuels, alternative energy, energy credits, parts, machinery and equipment. The exchange intends to work with a Preferred Partner Network of vendors and suppliers. Our business model revenues are based on transaction fees for purchases and sales. The Exchange may also earn revenues from transaction related finder's fees, referral fees, advertising fees and premium corporate fees. Members also have the opportunity to earn income from transaction related finder's fees and referral fees.
During Phase I, the FTZ Energy Exchange will use traders to coordinate and manage all transactions. In Phase II, FTZ intends to launch an Internet exchange to facilitate all trading and transactions.
Robert Kohn, CEO of BioPower stated that "The FTZ Energy Exchange will allow preferred and general trading partners to analyze and evaluate their business operations, manage information across a competitive global supply chain and effectively synchronize supply with demand, better manage variability, reduce risk, control quality and become far more responsive to their own as well as customer needs. We intend to build a Preferred Partner Network with well established utilities, oil companies, government agencies and vendor suppliers. This will be the backbone of the Energy Exchange."
For Further Information
BioPower Operations Corporation
About FTZ Energy Exchange
The FTZ Energy Exchange structures the exchange of information and data for the purchase, sale and trading of electricity, oil, gas, biofuels, alternative energy, energy credits, energy projects, parts, machinery and equipment. The exchange intends to work with a Preferred Partner Network of vendors and suppliers. Our business model revenues are based on transaction fees for purchases and sales. The Exchange will also earn revenues from transaction related finder's fees, referral fees, advertising fees and premium corporate fees. Members will also have the opportunity to earn income from finder's fees and referral fees.
About BioPower Operations Corporation
BioPower Operations Corporation is a development stage, reporting company, focused on growing biomass coupled with the production and sale of biomass products and biobased derivatives. We have previously announced a focus on developing castor plantations and mills for the production of bio-oils used in the manufacture of cosmetics, pharmaceuticals and other products; Biomass is a broad term that encompasses all plant material that can be used either as a source of energy or for its chemical components when converted into bio-oils, biofuels, green electrical power, animal feed and other valuable products.
We have recently announced that we have obtained a License for the patented cellulosic sugar enzyme technology which takes wastes from animals; agricultural and food processing plant residues, water treatment biosolid waste and can convert them to products such as cellulosic sugars, fertilizer, ethanol and other products. BioPower intends to focus initially on Municipalities who have a significant need to reduce their costs of the handling of sewage by utilizing the Company's licensed technology to reduce landfill costs by converting a portion of the sewage into products that do not have to go to the landfill but can be used for energy and fertilizer. The utilization of biomass residues is of paramount importance to achieve environmental sustainability by harnessing the potential of renewable resources in the production of clean energy and value added products. The Company will also target Fortune 500 companies that seek cellulosic sugar solutions.
The company's website can be viewed at www.biopowercorp.com
This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law. There is no assurance that a definitive agreement will be completed.