From the $MVTG 10-Q (MEA = Mantra Energy Alternatives, subsidiary of MVTG)
Collaboration with Alstom (Switzerland) Ltd.
On June 24, 2013, MEA entered into an agreement with Alstom (Switzerland) Ltd. concerning the joint research and development projects relating to (1) a pilot plant for the conversion of carbon dioxide to formate at a Lafarge cement plant (the “Lafarge pilot project”); and (2) the development of processes for the conversion of carbon dioxide to other valuable chemicals.
Pursuant to the agreement with Alstom, MEA and Alstom will co-operate in one or more research and development projects related to MEA’s ERC technology.
Prospective projects will be associated with the development of technologies and processes for the conversion of CO2 to chemical products and the investigation of the feasibility of scale-up and commercialization of these processes.
Prior to undertaking any research and development project under the agreement, MEA and Alstom will mutually agree to special terms and conditions governing the purpose, aims and objectives of any such project, including technical descriptions, the designation of work phases and project managers, and the allocation of responsibilities and costs between the parties.
How many OTC stocks do we know of, other than MVTG that have 3 core technologies, with 6 issued patents, and 5-6 more applied for just this year, based on initial University and government funded R&D, that is now funded by a billion dollar monster firm, Alstom, that was partly bought by GE this summer for 17 billion dollars, that is paying MVTG to develop additional IP and hardware, that is all based on the MVTG patents.
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