RENO, Nevada, April 29, 2014 /PRNewswire/ --
Discovery Minerals LTD. (OTC: DSCR) is pleased to announce that its Joint Venture (JV) with Syngar Technologies is to be extended an exclusive North American license with Cellunol Inc. The Agreement allows the JV use of Cellunol's pre-treatment Bio-Fuel fermentation technology for all Hemp Sector applications.
Cellunol Inc. was formed as a Joint Venture between ANW Inc. of South Africa and Syngar Technologies. ANW's proprietary fermentation tank design and cellulosic pre treatment technology, Oxy-Hydro Fragmentation, when coupled with Syngar's technology, known as PLUSWave, solves one of the major issues in ethanol production from cellulose. This solutions result is an industry first, low cost cellulose pre treatment and fermentation system that is portable. The system is set up directly on the growing site or near the cellulose collection point and works similar to a grain elevator.
Discovery's Joint Venture will be the first company to evaluate this ground breaking system through their Industrial Hemp JV growing partners. This new system has the ability to process any unused hemp material in one continuous procedure from pre-treatment to sugar to ethanol. The systems efficiencies will result in significantly reduced up front capital costs and lower operational expenses while enhancing ethanol yields and net revenue.
About ANW Inc.:
ANW is a private South African based company that has developed and owns a proprietary cellulose pre treatment technology and fermentation tank designs that can rapidly pre-treat cellulose materials into a slurry product suitable for fermentation by yeasts into ethanol. Their Oxy-hydro technologies can rapidly breakdown plant material without the use of stream, pressure, or dangerous acids.
About Syngar and PLUSWave:
The Company is a private Canadian company based in Edmonton, Alberta. Syngar licensed a technology, which we call "Pulsed Low Ultra Sound Wave" (PLUSWave) Technology. The PLUS Wave[TM] license is a worldwide and exclusive for application in biofuels. The PLUSWave Technology uses specific and proprietary ultrasound frequencies, at specific power levels, over set time intervals to stimulate the fermentation growth of algae, bacteria, fungus or yeast microorganisms by upwards of 30 - 50%.
About Discovery Minerals LTD.:
Discovery Minerals Ltd., (OTC: DSCR) is a production stage company formed to acquire and develop natural resource properties. Activities include gold, precious metals and petroleum minerals, including rare earth minerals production and sales. The Company initiated a new program to evaluate undervalued assets, including clean tech and alternative energy investments, for potential addition to its portfolio.
Safe Harbor: 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 approval for anticipated actions.
SOURCE Discovery Minerals LTD.