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)
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CONTACT: Brian Burrow, Interim Chief Financial Officer firstname.lastname@example.org 509-242-3036Source:MPM Technologies