WEST PALM BEACH, Fla., July 07, 2016 (GLOBE NEWSWIRE) -- Alliance BioEnergy Plus, Inc. (OTCQB:ALLM) (the "Company"), is pleased to announce that as the scientific and engineering team at subsidiary Ek Laboratories continues to optimize the CTS process for dry distiller’s grain (DDG) and various other cellulose biomass, interest from groups around the world, with an eye on territory and plant sub-licensing, continues to grow. The latest group from Honduras has met with management on several occasions and has scheduled a visit to the Ek Labs pilot plant for later this month. This is the latest in a series of meetings with potential sub-licensees as the Company expands the list of viable feedstocks the CTS process is able to successfully convert into its base components of sugars and lignin that can then be used to produce biofuels, bioplastics, pharmaceuticals, fine chemicals, carbon fiber and a variety of other high value products.
The team at Ek Laboratories has successfully shown maximum conversion of over 43 different types of cellulose biomass at commercial scale including sugar cane bagasse, corn stover and fiber, agriculture waste, various grasses, most all woods and paper products, hays, algae, bamboo, tobacco and specialty crops such as sorghum, switch grass and sweet grasses. Unlike competing technologies the CTS process is feedstock agnostic and capable of switching between feedstocks throughout the day without loss of efficiency or production output.
Alliance BioEnergy is currently in discussions with several ethanol producers relating to its bolt-on CTS unit capable of processing DDG and other biomass while it continues meeting with potential territory and plant sub-licensees from around the world.
Alliance BioEnergy +, Inc. (“ALLM”) is a publicly traded company focusing on the commercialization and licensing of a patented cellulose conversion technology that it controls through a master license agreement with the University of Central Florida. ALLM’s subsidiary, AMG Energy Group, LLC (“AMG”), owns 50% of Carbolosic, LLC, in a joint venture with Thor Renewable Energy Singapore. Carbolosic holds the exclusive, worldwide license to three (3) issued patents and fifteen (15) filed and pending patents revolving around the core CTS (cellulose to sugar) technology. ALLM also holds the exclusive CTS rights to North America (Canada, US, and Mexico) and Africa.
The CTS process is the only known patented, dry mechanical process that can convert virtually any cellulose material into sugars and other products in a matter of minutes with no liquid acids, no applied heat, pressure or hazardous materials of any kind. The CTS process when used in the production of Ethanol is clean, less expensive to build and operate than traditional ethanol plants or other cellulose ethanol technologies and is completely environmentally friendly.
Information in this document constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast", "anticipate", "estimate", "project", "intend", "expect", "should", "believe", and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause Alliance BioEnergy Plus, Inc. actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in Alliance Media Group Holdings, Inc’s filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Alliance BioEnergy Plus, Inc herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Alliance BioEnergy Plus, Inc. disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.
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Source:Alliance BioEnergy Plus, Inc.