-- Developed the technology concept and related intellectual property to
transform CO2 into high value carbonate compounds for industrial markets
such as paper production, pharmaceuticals and plastics.
-- Garnered national media attention from prestigious media firms such as
CNN, Popular Mechanics and CNET.
-- Moved forward with strategic licensing partners.
-- Expanded its research and development facilities.
-- Most importantly, invented a breakthrough technology to transform CO2
into transportation fuel, such as gasoline and jet fuel that can be fed
directly into the existing fuel infrastructure, supply chain and vehicles.
-- Appointed Dr. Naveed Aslam, PhD, as chief technology officer to lead
development efforts.
-- Recruited Byron Elton, former senior AOL executive, as President and
COO to lead marketing and business development efforts.
With the senior management team in place and an anticipated "green"
Obama administration, Carbon Sciences is uniquely poised to take full
advantage of future opportunities. The company's plan for 2009
includes the following:
-- Develop a functional prototype of its breakthrough CO2 to fuel
technology in Q1 2009. This prototype is expected to transform a stream of
CO2 gas into a liquid fuel that is: (i) combustible, and (ii) usable in
vehicles.
-- File a series of patent applications to protect the various
innovations to transform CO2 into fuel.
-- Enhance the prototype to demonstrate a full range of cost effective
process innovations to transform CO2 into fuel.
-- Launch a national media campaign describing the world's first CO2 to
fuel technology for the direct production of renewable fuels that can be
used with existing infrastructure and vehicles.
-- Begin development of a complete mini-pilot system to demonstrate the
company's CO2 technology on a larger scale.
-- Prepare for the development of a full pilot system with strategic
partners sometime in late 2010 or 2011.
Byron Elton, the company's President and COO, commented on Carbon
Sciences' success to date and the opportunities ahead: "Albert
Einstein once said, 'In the middle of every difficulty lies
opportunity.' Carbon Sciences is embarking upon perhaps the greatest
opportunity -- fundamentally contributing to a sustainable world of
energy consumption with a new, renewable energy, CO2 to fuel. This
year, we expect to see new policies that reflect a world ready to
invest in, and embrace renewable energy. These are exciting times and
we are committed to playing an historic role toward a world of
sustainable fuel consumption and climate stability."
About Carbon Sciences Inc.
Carbon Sciences Inc. is developing a breakthrough technology to
transform carbon dioxide (CO2) emissions into the basic fuel building
blocks required to produce gasoline, diesel fuel, jet fuel and other
portable fuels. Innovating at the intersection of chemical engineering
and bio-engineering disciplines, we are developing a highly scalable
biocatalytic process to meet the fuel needs of the world. Our solution
to energy and climate challenges is a sustainable world of fuel
consumption and climate stability by transforming CO2 into fuel. For
example, Carbon Sciences' breakthrough technology can be used to
transform CO2 emitted from fossil fuel power plants into gasoline to
run cars and jet fuel to fly aircraft. To learn more about Carbon
Sciences, please visit our website at http://www.carbonsciences.com.
Contact Information: Media Relations Contact: Denyse Dabrowski Avalanche Strategic Communications (201) 488-0049