CAMBRIDGE, ONTARIO, Canada, via ETELIGIS INC., 07/31/2015 – – Converde Energy USA Inc. (OTC Pink: XFUL) (PINKSHEETS: XFUL), is pleased to report that it will begin to test simultaneous grinding and oil extraction of Algae using our system at our Cambridge facility.
Converde has always been working on our Algae technologies, continuously improving them over the last few years since our pilot plant was decommissioned. As previously reported the company has been implementing its new Algae bioreactor technology and has hired a biochemical engineer to oversee the project. We are very excited with the initial results of this work and are pushing to have a new pilot system up and running fully in the near future.
Management has decided in the meantime to use our oil extraction technologies to assist other algae producers with the most difficult task in Algae production. This task is the ability to extract these valuable oils cheaply and on a continuous basis.
Mr. Michael McLaren CEO, states, “Our grinding technology is a leader in the marketplace and continues to out perform traditional oil extraction technologies as well as existing milling technologies presently in the market. What differentiates us from the competitors with our technology is the ability to wet grind and extract the oils without having to dry the product. This will allow us to save time, and money for customer which is key to producing algae fuels that will be competitive in today’s market.”
About Converde Energy
Converde Energy USA Inc. develops renewable energy technologies and applies it to new generation power systems. Specifically, Converde Energy’s plasma assisted bio-mass to energy plants, utilizing the state of the art technologies to produce green energy in both fuel (sulfur free diesel) and electricity at the most efficient cost in capital investment and production per/barrel, per/Megawatt. Converde Energy USA Inc. has seasoned management, cutting edge technology and owns a large technology portfolio of patents and know-how that has been extensively validated and ready for commercial production.
For more information please see www.xfuels.com
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Converde Energy USA, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Converde Energy USA Inc.’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Converde Energy USA Inc.’s filings with the Securities and Exchange Commission.
For further information please contact:
Xfuels Public Relations and Shareholder Information Xfuels Inc.
Phone: (519) 800-7556
SOURCE: Converde Energy USA Inc.