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Monday, January 18, 2010 9:57:35 AM
? January 20th, 2010 -- Senior members of the BioCentric Management Team will be arriving in South Carolina to finalize the JV agreements with Renewed World Energies (RWE) which include:
? The fulfillment of currently open in-house purchase orders.
? Final Contracting agreements with RWE to build and maintain BioCentric Second Generation Closed Loop Photobioreactor systems.
? Enhancement of the Harvesting Prototype (R & D version) which is anticipated for completion by the end of the month.
? Completion of filing Government grant applications through the Department of Energy (DOE) who have significant funds set-aside for companies such as BioCentric for ALGAE research and development processes.
? Collaborating on consolidated marketing materials for the next generation of BioCentric closed loop photobioreactors.
Projected Generation II Photobioreactor Installation timelines:
For the Generation II install at our Santa Ana Headquarters is as follows:
? Ground Preparation work is already completed
? Turns: Manufacturing Complete ion scheduled for January, along with an
? estimated delivery by the end of the month
? Air Caps: 4th Generation of engineering to be completed and delivered by
? end of month
? Tubing: In production, estimated delivery end of January
? Pump: End of January
? Algae Culture: Strains ordered in January
? Harvest Unit: End of January
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