VRDM - Veridium Corporation Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : VRDM - Veridium Corporation

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: manny t	4/17/2006 9:54:34 AM
	Read Replies (1) of 133

Veridium Receives Sixth Order for New Ethanol By-Product Recovery Technology Monday April 17, 9:24 am ET System to Bring Company to $8.4 Million In Annualized Revenues From New Clean Technology NEW YORK--(BUSINESS WIRE)--April 17, 2006--Veridium Corporation (OTC Bulletin Board: VRDM - News) today announced its receipt of an order from an Iowa based ethanol producer for the use of Veridium's patent-pending Corn Oil Extraction System(TM). ADVERTISEMENT Veridium's proprietary new Corn Oil Extraction Systems(TM) extract high grade corn oil from an ethanol by-product called distillers dried grain ("DDG"). The new system is scheduled for installation later this year at the Iowa ethanol production facility, where it is expected to extract corn oil at a rate of about 1.2 to 1.5 million gallons per year. Veridium's pricing model for its Corn Oil Extraction Systems(TM) is not based on licensing or outright equipment sales, but rather on the provision of its turn-key systems for no up-front cost in return for long-term corn oil purchase agreements based on a fixed discount to prevailing market prices. Veridium will purchase and sell the extracted corn oil and generate an estimated $1.4 million to $1.8 million in annualized revenues from this one system once it has been installed. The new order brings Veridium's expected total annualized ethanol oil recovery sales to between $8.4 million and $10.8 million per year. David Winsness, chief executive officer of Veridium's industrial design division, stated that "ethanol is a basic commodity and we need more of it. While the industry builds out increased production infrastructure with new facilities, our patent-pending Corn Oil Extraction Systems(TM) and other proprietary technologies have been specifically engineered to help ethanol producers enhance production out of their existing plants in cost-effective and rapid ways. We are grateful and excited to have the opportunity to provide our ethanol clients with innovative and cost-effective options as they meet the increased demand for this valuable commodity." About Veridium's Corn Oil Extraction System(TM) Currently, the majority of ethanol production is based on a dry milling technique that utilizes more than 1 billion bushels of corn to produce 3 billion gallons per year of ethanol (Fuel #1). The dry mill process converts the starch from the kernel of corn into sugar and then the sugar into ethanol. The balance of the corn (non-starch components) then goes through a dewatering and dehydration process where the byproduct is sold as a commercial feed ingredient called distillers dried grain ("DDG"). DDG contains the majority of the corn oil that was present in the kernel. Today, the 1 billion bushels of corn currently used in the dry mill ethanol process contain roughly 300 million gallons of corn oil that is currently sold for about $0.03 per pound as commercial feed. The new Veridium technology presents another option - cost effective conversion into Biodiesel (Fuel #2). Veridium's Corn Oil Extraction System(TM) offers the following compelling benefits for ethanol producers: Low Operating Costs - the system requires less than $0.05 per gallon of corn oil produced; High Recovery Rates - the technology is capable of recovering up to 75% of the corn oil within the DDG; Increased Revenue - the corn oil extracted with Veridium's technology is readily amenable to refining into biodiesel fuel which creates a new revenue stream for participating ethanol facilities; Reduces Current Operating Costs and Emissions - Veridium's technology improves the drying efficiency of the DDG which in turn reduces overall plant operating costs and emissions; and, Low Capital Cost - Veridium's oil extraction methods have a capital cost of less than 15% of traditional corn oil extraction methods. Pictures and video of the new Veridium technology are available online at www.meangreenbiofuels.com - this system is in use today and efficiently recovers corn oil from concentrated thin stillage.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next