ECOS CEO Michael Siegel issues update on ECOS Global Operations.
In North America EcoloCap Solutions Inc. (OTCBB:ECOS) is moving forward with the establishment of an advanced nano lithium battery manufacturing complex in Native American tribal lands. The company's executives will meet with tribal leaders in December to plan implementation, and remain focused on minimizing manufacturing costs in order to make the technology highly competitive with high-capacity lead acid cells. Negotiations are expected to conclude by the 1st quarter of next year.
M-Fuel samples have arrived for testing in the US, where ECOS will duplicate the Korean testing that has already demonstrated increased efficiency, along with reductions in both emissions and cost, versus traditional diesel. Following the fuel samples are the demonstration M-Fuel and Biodiesel processors which will be used to establish a demonstration center in the Chicago area for ECOS technologies.
Europe: In Holland, EcoloCap Solutions Inc. and MEGAS have approved the final sample battery design and delivery of test batteries is expected 1st quarter of next year. This testing is the last step before completion of the final design for the battery to be produced by MEGAS. The company is also in the process of supplying additional batteries for independent testing by companies in both electric vehicle and power storage applications, and is moving rapidly to bring this revolutionary technology to market in Europe.
Asia: India (Argentum Group) has just finished successfully testing the advanced nano lithium battery for longevity and EcoloCap Solutions Inc. anticipates being able to publicize the results shortly. Preliminary results demonstrate that the innovative design of these batteries allows them to meet and exceed life cycle requirements of standard lithium batteries, which translates into an improved return on investment for the many high-tech companies for whom battery life is a critical factor. Additionally ECOS and Argentum are working diligently to finalize the operational structure that will commercialize the batteries in India.
M-Fuel: EcoloCap Solutions Inc. has also agreed to partner with Argentum Group to provide ArcelorMittal with M-fuel for their steel production facility in Kazakhstan. The Accor-Mittal plant demands up to 60 tons per hour of Mazut oil, which is equivalent to a heavy fuel oil 100 or Bunker C. The steel furnaces are heavy polluters and EcoloCap's system will provide not only a cost benefit, but a reduction of 98 % on particulate emissions and 60% or greater overall emissions. EcoloCap has been working on this program with Accor-Mittal since July and management is excited to see the project move to the next phase. Argentum has already established representative offices in Almaty, Kazakhstan, and Michael Siegel, along with Sheetal Singh of Argentum, will be traveling to finalize the Kazakhstan – M-Fuel project.