WEST PALM BEACH, Fla., Feb. 26, 2015 (GLOBE NEWSWIRE) -- Alliance BioEnergy Plus, Inc. (OTCQB:ALLM) (the "Company") announced today that it formed the subsidiary Central Florida Institute of Science and Technology, Inc. ("CFIST"). Located in Longwood, Florida (a suburb of Orlando), CFIST is currently under construction and will act as the commercial scale demonstration plant for the Company's licensed and patented CTS process. In addition CFIST will explore alternate pathways for the CTS process while evaluating other relevant technologies for possible acquisition or licensing.
Under the direction of CTS inventor Dr. Richard Blair and Carbolosic President Steve Dunkle, CFIST is scheduled to open in late Q1 2015 and will start running the CTS process at a commercial scale almost immediately. CFIST will also be a profit center for the Company through the sales of CTS products and other fine chemicals manufactured through testing and optimization. CFIST will also oversee the design, engineering and construction of CTS plants both domestic and abroad while providing the important management and quality control for CTS in all applications.
About ALLM :
Alliance BioEnergy +, Inc. ("ABE") (OTCQB:ALLM), is a publicly traded company focusing on "Green" energy and renewable technologies. ABE's subsidiaries focus on emerging technologies in the renewable energy, bio-fuels and new technologies sectors. ABE owns a fifty percent interest in Carbolosic, LLC. Carbolosic holds the exclusive, worldwide license to the patented mechanical/chemical technology, "CTS™" developed by the University of Central Florida. The CTS technology is able to produce Sugars, Various Fine Chemicals, Plastics, Carbon Fibers and other valuable products from virtually any plant material, wood or paper by product, fruit casings or bio waste.
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