Mantra undertakes a project with 3M
Source: http://smallcapvoice.com/blog/mantra-undertakes-a-project-with-3m/Posted on Tuesday, November 3rd, 2009 | In Investing Lessons, Small & Micro Cap
Nov. 3, 2009 (PR Newswire) — SEATTLE, Nov. 3 /PRNewswire-FirstCall/ – Mantra Venture Group Ltd. (’Mantra’, OTCBB: MVTG, FSE: 5MV) is pleased to announce a project to further develop its Electroreduction of Carbon Dioxide (ERC) technology with input from 3M.
The project will evaluate certain parts and materials proposed by 3M and evaluate their suitability for inclusion in the ERC equipment. It will also investigate a new approach to CO(2) capture. The parties will share the cost of the project equally.
About 3M
A recognized leader in research and development, 3M produces thousands of innovative products for dozens of diverse markets. 3M’s core strength is applying its more than 40 distinct technology platforms – often in combination – to a wide array of customer needs. With $25 billion in sales, 3M employs 75,000 people worldwide and has operations in more than 60 countries. Visit: http://www.3m.com.
About ERC
ERC carbon recycling, “the Electrochemical Reduction of Carbon Dioxide”, combines captured carbon dioxide with water to produce high value materials, such as formic acid and formate salts, which are conventionally obtained by thermochemistry. ERC has advantages over thermochemistry: it operates at near ambient conditions, and by using renewable energy it can output neutral carbon balance products.
About Mantra:
Mantra and its subsidiaries are active in the green technology marketplace with a focus on profitability through sustainability. The company intends to provide a profitable and environmentally responsible investment for its shareholders.
Mantra is a public company quoted on the OTC BB under the symbol MVTG and on the Frankfurt Stock Exchange under the symbol 5MV.
Forward-Looking Statements:
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Mantra Venture Group’s filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
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