PRZOOM - /newswire/ -
Point Roberts, WA, United States, 2008/06/19 - RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents featured showcase Mantra Venture Group Ltd. (OTCBB: MVTG and FSE: 5MV).
Mantra Venture Group Ltd. (OTCBB: MVTG and FSE: 5MV), a public company that invests in and licenses a growing portfolio of green technologies. The company has licensed two key technologies developed at well-respected University research departments.
The current portfolio of green technologies includes ERC (explained below), and “signal smoothing” which increases power efficiencies derived from wind, ocean & geothermal power. Mantra is interested in many other sustainable technologies and is investigating or negotiating some of these. An example is cellulosic ethanol: ethanol produced from wood and agricultural wastes (described below).
Mantra acquired the intellectual property for a process developed at the UBC Clean Energy Research Center (CERC) by Professor Colin Oloman (co-inventor with Dr. Hui Li) that converts carbon dioxide (CO2) into useful products. The process, ERC (electro-reduction of carbon dioxide), takes carbon dioxide and water, combined with electricity, to produce commodity chemicals which can also be used as fuel to power a specially designed fuel cell. Together, ERC and the fuel cell are a clean renewable source of power in which the CO2 can be continuously recycled. It functions like CCS (carbon capture and storage, or sequestration) by taking up human-generated CO2 and ensuring it does not add to the atmospheric overload; it therefore shares the CCS market which is projected at hundreds of billions of US dollars in time.
The company recently announced new funding of $530,000 to fund the development of the ERC technology, the next stage is optimization. The work will be conducted at Mantra's new lab facility in Richmond, BC, and will focus on construction, testing, and optimization of an advanced prototype.
“I was personally excited to see this technology funded and into the next phase of development” commented Investoideas.com owner Dawn Van Zant. “I met Professor Colin Oloman at the UBC Clean Energy Research Department in April 2007, on a tour I set up for an investment group researching investment opportunities in BC in the green space. Colin gave us an in-depth view of the benefits of ERC vs. Sequestration. He is a well-respected source in the industry and has developed a promising technology well ahead of the curve.“
Mantra has also acquired an exclusive option to a new technology, signal smoothing, developed at the University of Toronto to control electrical power developed from variable sources (e.g. wind farms, tidal, geothermal, etc.) It converts raw power into “grid standard”. Signal smoothing is a substantial improvement on the existing equipment and has a large potential market.
About Mantra Venture Group Ltd
Mantra (OTCBB: MVTG-FSE: EDV 5MV), through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra (mantraenergy.com) intends to provide a highly profitable and environmentally responsible investment for its shareholders.
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Source: RenewableEnergyStocks.com, Mantra Venture Group Ltd.