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Replies to post #48246 on "WallStreet" Surfers
08/11/14 7:59 AM
Mantra Venture Group Ltd. (OTCQB:MVTG) and its subsidiary, Mantra Energy Alternatives Ltd., have announced that BrauereiAyinger of Aying, Germany, has agreed to host the company's first European demonstration project.
Mantra and Ayinger have executed a Memorandum of Understanding (MOU) that Ayinger will serve as the host for the project, which will see the brewery's CO2 emissions converted into high value chemicals using Mantra's technology.
"This is the ideal timing and location for us to launch a demonstration for new chemical products," said Mantra CEO Larry Kristof. "We have the right interests and partnerships set up in that part of the world to move quickly from demonstration to scale up and commercialization, and Ayinger's participation in this demonstration indicates the interest that industry in Germany has in our technology."
The project will involve the deployment of a demonstration plant for Mantra's ERC technology, which will convert the brewery's CO2 emissions into chemicals and chemical intermediates. This demonstration will be on the same scale as the pilot Mantra is currently deploying at the Lafarge cement plant in B.C., but will produce a different range of chemical products.
"It is important for Mantra to demonstrate this technology with different CO2 sources," said Patrick Dodd, Mantra's VP of corporate Development. "A brewery is an excellent fit for us because they release highly pure CO2 from their fermentation processes. Additionally, Bavaria is widely recognized for technological innovation, and the presence of global leaders in the engineering and chemicals industries in the region makes it a very exciting place for Mantra to operate."
The relationship with Ayinger, along with other potential collaborations, was established during Mantra's recent trip to Munich for the city's annual festival, Oktoberfest. The trip also resulted in the establishment of a Mantra GmbH in Munich, which will be finalized in the coming weeks.
"We are thrilled to welcome and assist Mantra Energy with their expansion to Bavaria," said Jan Danisman, Executive Director of the Bavarian U.S. Offices for Economic Development, an organization from which Mantra has received a great deal of support. "The company's proven science and the strong enthusiasm from investors, as seen at Invest In Bavaria's recent conference in New York, OktoberINVESTfest, is a clear indicator of continued success in the future."
Bavaria leads the German states in its commitments to and investment in climate protection, having invested 750 million Euros from 2008 to 2011 alone.
"The addition of a second independent director and a highly respected legal counsel will help facilitate our desired movement to a senior exchange."
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 10, 2014) - Mantra Venture Group Ltd. (OTCQB:MVTG) has announced that it is pleased to welcome Glenn Parker, an experienced investment consultant, to its Board of Directors. The company additionally announced the promotion of Dr. Sona Kazemi to the position of Chief Technology Officer and the engagement of Sichenzia Ross Friedman Ference LLP (SRFF) as it new legal counsel.
"We are excited to welcome Mr. Parker and SRFF to Mantra and Dr. Kazemi to her new position, as it is important that we continue to build out the talent surrounding the company," said Mantra CEO Larry Kristof. "The addition of a second independent director and a highly respected legal counsel will help facilitate our desired movement to a senior exchange."
Glenn Parker (CFP, CIMA) has been providing expertise in investment markets to both individuals and institutions for over 20 years. Having obtained his MBA and combined Civil Engineering and Business degree, his experience includes serving as a VP with both Prudential Securities and D.A. Davidson & Co., an Adjunct Instructor at Portland State University, and as the founder of Wychick Investment Advisors. Mr. Parker will bring his extensive knowledge of public and private markets to the development of Mantra's business lines.
"I am very excited at the opportunity to join Mantra's talented team, and to bring these world-class technologies to the next stage," said Mr. Parker.
Dr. Kazemi has been a Senior Electrochemical Engineer at Mantra since October of 2013. Her promotion to the position of CTO is a direct result of her significant technical contributions to Mantra's technologies and her demonstrated willingness and ability to lead and direct the research teams.
"We have been continually been impressed with Dr. Kazemi's work, leadership and vision, and as a result she is a natural fit for this important position in the company," said Mr. Kristof.
SRFF is the top ranked securities law firm as recognized by industry league tables. SRFF's services include, but are not limited to, providing oversight for stock exchange listing matters, initial and secondary public offerings, alternative public offerings, private investment in public equity (PIPE) transactions, as well as mergers and acquisitions.
"We are very pleased to work with Mantra, a company clearly dedicated to growing shareholder value through its innovative technologies and leadership," said SRFF Partner Marc Ross.
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