WEST PALM BEACH, Fla., Sept. 13, 2016 (GLOBE NEWSWIRE) -- Alliance BioEnergy Plus, Inc. (OTCQB:ALLM) (the "Company"), is very pleased to announce that affiliate Carbolosic, LLC received notice from the United States Patent and Trademark Office (USPTO) that filed and pending patent application ‘Retro-Aldol Reaction Products and Methods of Making Using the Same’ (Serial No. 14/773372) has been allowed. The Notice of Allowance concludes the substantive examination of the US Patent Application by the USPTO and will result in the issuance of a US patent after remaining administrative processes are completed in the next several weeks.
This marks the fourth (4th) patent to be issued for the CTS process and continues to strengthen the family of patents and intellectual properties surrounding the process and its various pathways. This current allowance focuses on the making of retro-aldol reaction products which are precursors to many fine chemicals and popular pharmaceuticals. The Company has fourteen additional patent applications still pending with various patent offices around the world surrounding the CTS process.
This retro-aldol pathway allows the Company to eventually wade into the multitrillion dollar chemical market utilizing the completely green CTS process and cellulose feedstock to replace petroleum and harsh chemical based products currently being used. According to a Pike Research report the use of Green Chemicals and processes will save the Chemical industry more than $65 billion by 2020.
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.