ALACHUA, Fla., Oct. 27, 2011 (GLOBE NEWSWIRE) -- On Thursday, October 20, 2011, NanoSonic Products, Inc., a wholly owned subsidiary of CTD Holdings, Inc. (OTCQB:CTDH), received a grant check for $44,625 from Mr. Richard Machek, Florida State Director of USDA Rural Development. The grant, part of the Rural Energy in America Program (REAP), was awarded to support the installation of a solar electric renewable energy system to provide NanoSonic's new manufacturing facility with electric power. The check was presented in a public ceremony at the Company's headquarters. Video of the event can be viewed at: www.ctd-holdings.com/video.
Important milestones for this event include:
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NanoSonic Products, Inc. is the only manufacturing company in Florida powered completely by renewable electrical power from a solar electric system.
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The Company is signing the first Interconnection Agreement for Customer-owned Renewable Generation System with the City of Alachua Municipal Electric Utilities, allowing excess electricity to be distributed to other users.
- The Company's solar electric renewable energy system carries a 30-year warranty on performance and includes a state-of-the-art electrical production monitoring system ensuring reliable renewable power into the future.
The USDA chose NanoSonic Products to be a featured REAP Grant recipient because of the Company's strong growth and innovative application of renewable energy to run an energy efficient (currently carbon neutral) manufacturing facility. In combination with the U.S. Treasury 1603 Grant program, the Company will receive grants covering more than half of the cost of installing its solar electric renewable energy system while also benefiting from low cost energy for decades to come.
About the Company:
NanoSonic Products, Inc. is part of the CTD Holdings, Inc. family of companies. CTD Holdings companies manufacture and market Trappsol and Aquaplex cyclodextrins and cyclodextrin complexes for food, nutrition and pharmaceutical markets. NanoSonic Products, Inc. operates is the world's only cGMP pulse drying facility for the production of pharmaceutical grade Aquaplex cyclodextrin complexes. The company offers a wide variety of cyclodextrin related manufacturing services to its worldwide customers; including custom formulation, manufacturing, and commercial scale supply of pharmaceutical grade cyclodextrin complexes.
Safe Harbor Statement: This news release contains "forward-looking statements" about the Company's anticipated growth. You are cautioned that such statements are subject to risks and uncertainties and that could cause actual results to differ materially from those projected in the forward-looking statements, such as the Company's ability to obtain additional capital to expand operations as planned. The above forward-looking statements are made as of the date above; CTD Holdings, Inc. accepts no specific responsibility for updating such statements.
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