OTTAWA, Ontario, June 4 /PRNewswire/ -- Robert Ireland, CEO of Next Alternative, Inc.(N4H)(NEXZ), is pleased to announce that the firm recently acquired 90% of Keosan High Tech Co. Ltd of South Korea and with it 13 patents in the energy and environmental sectors.
Established in 2000, Keosan is a leading researcher and manufacturer of technology and products that assist in energy saving and in producing a cleaner environment. The company houses laboratories and test rooms where technology and products are designed, created and tested for effectiveness and viability. Current products range from household electric heat exchangers and anion generators to air deodorization and sterilization apparatuses.
Dr. Chul Won Choi, (Title), of Keosan will assume the role of Vice President of Science and Research for Next Alternative. He will head a Next Alternative funded research team which will continue to experiment within the realm of alternative energy and whose future patented technical output will belong solely to Next Alternative. Some of the acquired patents, including the Emulsion-Fuel Machine, are already key to Next Alternative's current and future mission of finding alternative means of energy.
According to Ireland, "This is a major stepping stone in furthering our present and broadening our future scope and reach within the alternative energy industry. With the addition of Keosan's research, technology, patents and products, we can cultivate an even more complete environment in which the fostering of further advancement can and will flourish." Ireland notes that more details regarding the acquisition will follow.
Next Alternative, Inc. is a break-through company paving the way in the global effort to discover alternative means of energy. Understanding the need to reduce the demand for fossil fuels, Next Alternative is pioneering new methods that provide eco-friendly solutions. Poised on the cutting-edge of new green technologies, Next Alternative strives to develop and offer products that meet the challenges of our new economy. Next Alternative stands as an innovator - bringing existing technologies together and melding them to meet future demand. For more information on Next Alternative please visit next-alternative.com or call 613.755.4023.
SOURCE Next Alternative