MPM Technologies/Carbon Cycle Power Selected to Present Gasification Solution for Municipal Solid Waste to St. Lucie County Board of Commissioners

SPOKANE VALLEY, Wash., Jan. 13, 2015 (GLOBE NEWSWIRE) -- MPM Technologies, Inc., ("MPM") (OTC:MPML) subsidiary Carbon Cycle Power ("CCP") has been selected by the St. Lucie (Fla.) Board of County Commissioners' Purchasing Division to meet with the selection committee regarding its request for qualification ("RFQ") to "Utilize a Conversion Facility to Process Municipal Solid Waste for St. Lucie County."

"Making it to the final stage of the selection process is a significant milestone," said Brian Burrow, interim CFO for MPM/Carbon Cycle Investments. "It's a testament to how highly regarded our technology is as an economical waste-to-value solution."

CCP's technical team will meet with the selection committee on Thursday, February 5, 2015, to review its RFQ submission and answer questions. St. Lucie County has been researching gasification as an alternative to landfill waste for more than a decade. CCP submitted its RFQ in October 2014, and no timetable has been announced for awarding the contract.

About MPM Technologies, Inc./Carbon Cycle Power: MPM is a leading global manufacturer of environmental control equipment and a developer of waste-to-value energy solutions. MPM has offices in Spokane Valley, Wash., and Ramsey, NJ. (www.mpmtech.com) CCP is a wholly owned subsidiary of MPM Technology that develops waste-to-value energy solutions through the deployment of photon-induced, electric-arc gasification technology. Based in Spokane Valley, Wash. (www.carboncyclepower.com)

About Carbon Cycle Investments, LLC: CCI is a holding company that develops, acquires and manages businesses that stimulate social, economic and environmental sustainability. CCI, which acquired a controlling interest in MPM following a stock purchase agreement in April 2013, is based in Spokane Valley, Wash. (www.carboncycleinvestments.com)

FORWARD-LOOKING STATEMENTS: The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

CONTACT: Brian Burrow, Interim Chief Financial Officer bburrow@cciholdings.com 509-242-3036Source:MPM Technologies