Micro Bubble Technology,
a "green" nanotechnology company, focused on energy solutions, has
signed an agreement with Next-Alternative Inc, which agreed to pay $2 million
in return for the exclusive right to market and distribute MBT's Carbon Nano
Tube Battery for wheeled applications in North America.
In addition, Next-Alternative as a distributor for MBT's EM Fuel, has sold
an EM-Fuel Nanomizer to make EM-Fuel for use in Montreal. Initially EM-Fuel
will be used for delivery trucks. This first EM-Fuel Nanomizer sold in North
America will produce 60 metric tons of EM-Fuel per 24-hour period. Although
this sale is substantial, the main impact for the company is that it will create
recurring revenue through sale of the additive needed in the production of EM
Fuel.
Michael Siegel, President and CEO of Micro Bubble and EcoloCap stated: "The
use of EM-Fuel is significant in the reduction of both emissions and cost. When
EM-Fuel is used, replacing diesel or bunker fuel, there is a 60% reduction in
emission (CO2, NOx, and particulate matter) a 40% reduction in fuel, and approximately
25% reduction in cost of fuel and maintenance of the diesel engine. We plan
to deliver the third version of the Nanomizer with enhanced capabilities in
October.
As for our CNT Batteries, we are establishing two initial production lines,
one of which will be dedicated to Next-Alternative for distribution to the golf
cart industry. The Carbon Nano Tube Batteries ("CNT Batteries") will
sell for a slight premium to a similar type battery, but will yield up to 8
times the reserve capacity, recharge in less that ten minutes and MBT will offer
a 5 year limited replacement guarantee if the battery is charged with the MBT
charger system."
Additional information on the technologies is available on the MBT web sites
(www.cnt-battery.com and www.microbubbletech.com).
Micro Bubble Technologies Inc. "MBT", is a "green" nanotechnology
company, focused on energy solutions. MBT develops and markets nanotechnology-based
energy products. MBT's Carbon Nano Tube batteries demonstrated to have 8 times
the energy reserve capacity of traditional lead-acid batteries, 2.5 times that
of lithium-ion batteries and a recharge time of five to 10 minutes - all for
a slight premium over the price of similar lead-acid battery. MBT's EM-Fuel
technology processes oil with water and a special additive through its own developed
Nanomizer, with the result that the EM Fuel provides a 60% reduction in emissions,
a 40% reduction in oil consumption, and a 25% reduction in cost of fuel and
engine maintenance. MBT markets its products worldwide either directly or through
agreements with distributors.
Posted September 16th, 2009
