Micro Bubble Technology (OTC-BB: ECOS) ("MBT") took effective control of EcoloCap Solutions Ltd. of Montreal, Quebec on September 8, 2009. Through a 50% ownership of Micro Bubble Technology Korea, MBT develops products and processes based on its Research + Development in the field of Nanotechnology.
Michael Siegel, President and CEO of Micro Bubble and EcoloCap stated: “Over the last two years, we have researched the markets worldwide, signed major distribution agreements and built the base of a substantial operation. Our access to the public market through our control of EcoloCap (ECOS) will allow us to speed up our growth and return to our shareholders the return they expect from such a dynamic field as reduction of energy use, as well as a major contribution to the green effort worldwide.”
During the past year, MBT has prepared to launch its new CNT Battery and has continued to market its M-Fuel technology internationally through direct sales and distribution agreements that are signed or in the final stages of completion. These agreements have taken place in industries ranging from maritime to telecommunications.
Carbon Nano Tube Batteries (“CNT Batteries”) promise to change the panorama of the energy storage market in the near-term by offering superior performance compared to existing lead-acid and lithium-ion batteries. Several industries, including the telecommunications industry, have been receptive with either substantial orders or serious demonstrations of interest.
In independent laboratory testing, CNT Batteries have proven, for the same price as a traditional lead-acid battery, will deliver up to 8 times the reserve capacity of a lead-acid battery and 2.5 times that of a lithium-ion battery, while taking only ten minutes to recharge, as compared to five to 12 hours for standard batteries.
MBT has also developed a new process that blends non-miscible liquids (oil and water) on a submicron level in order to create a new non-emulsified fuel product that it calls EM-Fuel. This fuel has been tested over the past two years on internal and external combustion engines that burn kerosene, diesel, bio-diesel, waste oil, and heavy “bunker” oils. EM-Fuel has numerous diesel applications, including marine, wheeled vehicles, and open furnaces.
Laboratory and actual in use measurements have demonstrated a 25% reduction in cost for fuel and maintenance, while reducing particulate CO2 and NOx emissions by 60%. The M-Fuel can also be used without any modification of the engine or furnace burning the oil.