MILTON, GA , Nov. 05, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Attis Industries, Inc. (NASDAQ: ATIS) (the “Company” or “Attis”), a diversified company focused on innovation and technology throughout key components of the new economy, which include renewable fuels, bio-based plastics, healthcare and communications infrastructure, today launched a video series that will offer investors and interested parties additional information on the technologies and bio-based products offered under the Innovations division. In the video, Attis Chief Executive Officer Jeff Cosman and members of the Innovations team discuss the current inefficiencies in biomass processing and how the Company is taking the next steps to double the biofuel output from biomass.
Link to video: https://bit.ly/2DlSPOY
The transcript of the video states in part:
“Our [processing] outputs include pulp and a unique form of high purity lignin…. While the pulp can be used in traditional pulp and paper markets or to produce cellulosic ethanol, it’s this high purity form of lignin that allows Attis to substantially increase the value and products made from biomass…. For every 1.0 pound of cellulosic ethanol produced, Attis is able to recover about 1.3 pounds of high purity lignin…. This is an alarming amount of highly concentrated carbon, captured from carbon dioxide and stored by photsyntheisis in plants, that has been overlooked for decades…. Attis plans to convert its lignin into transportation fuels such as gasoline, diesel and/or jet fuel, which could double the fuel output of biomass, or to convert the lignin into various materials such as plastics, adhesives or carbon fiber.
“Over the next few months, we will be traveling across the country to visit each of our partnered labs and more clearly represent our planned success.”
In the coming months, additional videos will be posted on the Attis Innovations website.
Attis Industries, Inc.
Attis Industries Inc. (NASDAQ: ATIS) is a holding company focused on developing and building businesses that play important roles in the new economy, which include renewable fuels, bio-based plastics, healthcare and communications infrastructure.We strive to encourage our employees to be entrepreneurs focused on innovation and technology. We will remain dynamic, persistent and motivated to our mission of winning. The growth of our company will rely on our integrity and our vision for the future. Attis Industries will continue to fulfill essential needs in healthcare, energy independence and digital communications. Today, each of these sectors provide high growth opportunities that collectively account for more than a third of our nations GDP. For more information, visit: www.attisind.com
Forward-Looking Statements
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “should,” “would” or similar words. You should consider these statements carefully because they discuss our plans, targets, strategies, prospects and expectations concerning our business, operating results, financial condition and other similar matters. These statements are subject to certain risks, uncertainties, and assumptions, including, but not limited to, risks and uncertainties relating to the Company's ability to develop, market and sell products based on its technology; the expected benefits and efficacy of the Company's products and technology; the availability of substantial additional funding for the Company to continue its operations and to conduct research and development, clinical studies and future product commercialization; and, the Company's business, research, product development, regulatory approval, marketing and distribution plans and strategies; the ability of the Company to continue to meet the listing requirements of NASDAQ; the ability of the Company to execute on a business plan that permits the technologies and innovations businesses to provide sufficient growth, revenue, liquidity and cash flows for sustaining the Company’s go-forward business, and the risks identified and discussed under the caption “Risk Factors” in the Attis Annual Report on Form 10-K for the fiscal year ended December 31, 2017, filed with the Securities and Exchange Commission (the “SEC”) on April 16, 2018 and the other documents Attis files with the SEC from time to time. There will be events in the future, however, that Attis is not able to predict accurately or control. Attis’s actual results may differ materially from the expectations that Attis describes in its forward-looking statements. Factors or events that could cause Attis’s actual results to materially differ may emerge from time to time, and it is not possible for Attis to accurately predict all of them. Any forward-looking statement made by Attis in this press release speaks only as of the date on which Attis makes it. Attis undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.