Monday Oct. 19 DynaMotive Technologies Showcases Its
BioMass Refinery & DynaPower at Discovery
Expo 98 in New York City October 20
VANCOUVER--(BUSINESS WIRE)--Oct. 19, 1998--It's full steam ahead for DynaMotive Technologies Corporation (NASDAQ:DYMTF - news) as the high tech company fast tracks its commercialization plans for the BioMass
Refinery and aggressively markets its award winning DynaPower technology - considered by many to be the world's
best industrial metal cleaning system.
DynaMotive's technologies are positioned for global penetration of multi-billion industries such as air pollution control at
coal-fired utilities, biomass-derived clean fuels, slow release fertilizers and industrial metal cleaning. DynaMotive will
showcase its technologies at Discovery Expo 98 held at the New York Hilton and Towers October 20.
''DynaMotive is making tremendous progress in all aspects of its operations,'' said DynaMotive's President and CEO
Bayne Boyes. ''With revolutionary environmental technologies, strong industrial and government partnerships, dynamic
new additions to our senior management team, increased revenues and a good cash position, we are now poised for
rapid growth.''
The primary focus of the Company is to commercialize four main product groups from the BioMass Refinery: clean
fuels, air pollution control additives, slow release fertilizers and specialty chemicals. DynaMotive recently expanded its
exclusive partnership with Resource Transforms International, Ltd., developer of the renowned BioTherm technology
that converts organic forest and agricultural waste into crude BioOil. The Company is currently upgrading its
BioTherm reactor to significantly increase BioOil production. DynaMotive's goal is to become the world leader in the
production of BioOil and derivative products through partnerships with industry leaders.
DynaMotive continues to work with key industrial partners including Lockheed Martin, Stone & Webster Engineering
and Usina Santa Helena - one of Brazil's largest sugar and ethanol producers - on a range of research, testing and
commercial production programs. Support from government agencies includes a CDN$8.24 million investment from
Industry Canada, US$400,000 from the US Department of Energy and US$1.7 million from the European Union Joule
Program. |
