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Micro Bubble Tech Launches Nanotechnology Products for the Energy Market: Carbon Nano Tube (CNT) Battery and M-Fuel
Micro Bubble Technology (OTC-BB: ECOS) ("MBT") took effective control of EcoloCap Solutions Ltd. of Montreal, Quebec on September 8, 2009. Through a 50% ownership of Micro Bubble Technology Korea, MBT develops products and processes based on its Research & Development in the field of Nanotechnology.
Michael Siegel, President and CEO of Micro Bubble and EcoloCap stated: "Over the last two years, we have researched the markets worldwide, signed major distribution agreements and built the base of a substantial operation. Our access to the public market through our control of EcoloCap (ECOS) will allow us to speed up our growth and return to our shareholders the return they expect from such a dynamic field as reduction of energy use, as well as a major contribution to the green effort worldwide."
During the past year, MBT has prepared to launch its new CNT Battery and has continued to market its M-Fuel technology internationally through direct sales and distribution agreements that are signed or in the final stages of completion. These agreements have taken place in industries ranging from maritime to telecommunications.
Carbon Nano Tube Batteries ("CNT Batteries") promise to change the panorama of the energy storage market in the near-term by offering superior performance compared to existing lead-acid and lithium-ion batteries. Several industries, including the telecommunications industry, have been receptive with either substantial orders or serious demonstrations of interest.
In independent laboratory testing, CNT Batteries have proven, for the same price as a traditional lead-acid battery, will deliver up to 8 times the reserve capacity of a lead-acid battery and 2.5 times that of a lithium-ion battery, while taking only ten minutes to recharge, as compared to five to 12 hours for standard batteries.
MBT has also developed a new process that blends non-miscible liquids (oil and water) on a submicron level in order to create a new non-emulsified fuel product that it calls EM-Fuel. This fuel has been tested over the past two years on internal and external combustion engines that burn kerosene, diesel, bio-diesel, waste oil, and heavy "bunker" oils. EM-Fuel has numerous diesel applications, including marine, wheeled vehicles, and open furnaces.
Laboratory and actual in use measurements have demonstrated a 25% reduction in cost for fuel and maintenance, while reducing particulate CO2 and NOx emissions by 60%. The M-Fuel can also be used without any modification of the engine or furnace burning the oil.
Use of Forward-looking Statements
This press release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. These forward-looking statements are based on the current expectations of the management of Micro Bubble Technology only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. For example, "will allow us to speed up our growth and return to our stakeholders the return they expect from such a dynamic field as reduction of energy use, as well as, a major contribution to the green effort worldwide" is a forward-looking statement. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in technology and market requirements; our technology may not be validated as we progress further; we may be unable to retain or attract key employees whose knowledge is essential to the development of our products and services; unforeseen market and technological difficulties may develop with our products and services; inability to timely develop and introduce new technologies, products and applications; loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of Micro Bubble Technology to differ materially from those contemplated in such forward-looking statements. Except as otherwise required by law, Micro Bubble Technology undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risk and uncertainties affecting Micro Bubble Technology, reference is made to Micro Bubble Technology's reports filed from time to time with the Securities and Exchange Commission.
About Micro Bubble Technology
Micro Bubble Technology Inc. (OTC-BB: ECOS) is an environmental technology company that exploits new nanotechnology that will help reduce greenhouse gasses, harmful emission, and pollutants. Alternate energy sources such as biomass, solar energy, wind power, and hydrogen are just reaching the time where the economic, financial, and environmental obstacles are starting to make them crumble. Usage of Bio-Fuels are causing major problems around the world like the steep rise in food prices. The need for carbon based fuels will not go away in a short time. We need an efficient source of energy that can be used immediately that will reduce pollution and emissions. MBT technology has the solution. The solution is combining the fuels we use on a day to day basis with water. Our Technology does just that. MBT is working to make cheap, environmentally safe fuel, readily available to the people of the world.
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Chief Executive Officer
Micro Bubble Technology, Inc.
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RMN Consulting LLC
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