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Mantra Sees Early Success in Korea |
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SEATTLE, WA, Sept. 17 /PRNewswire-FirstCall/ - Mantra Venture Group Ltd. ('Mantra', OTCBB: MVTG, FSE: 5MV) is pleased to announce that it has received overwhelming support for its carbon recycling technology during a series of meetings earlier this week in Seoul, Korea.
On September 12th, Executive at Mantra embarked on a 10-day business development mission to Busan and Seoul, Korea. Mantra’s itinerary included meetings and presentations with several prospective industry partners, on-site meetings with industry officials and financing groups, and participation in ENTECH 2009, Korea’s largest tradeshow focused on energy and environment.
Mantra spent the early portion of the trip meeting with government officials and industry leading organizations in both Busan and Seoul, and the company was very pleased with the degree of interest expressed for its Electroreduction of Carbon Dioxide (ERC) technology. Larry Kristof, President and CEO of Mantra, notes: “While we are still only in the early stages of our trip, a number of proposed financing opportunities and development partnerships came to the surface during our initial meetings. Each of these proposals would considerably fast track Mantra’s ERC technology if finalized, and we will further evaluate these opportunities in the coming days.”
In commenting on Mantra’s hosts for the event, Kristof added: “The hospitality we have received from Kyung Suk Kim and the rest of the Korea Trade-Investment Promotion Agency (KOTRA) has been nothing short of exemplary thus far, and we would like to thank them very much for their generosity and support.”
Mantra is now in the midst of ENTECH 2009, taking place at the Busan Exhibition and Convention Center (BEXCO) from September 16 to19. Over the next few days, Mantra and seven other companies from British Columbia, Canada, will have kiosks in the BC Pavilion to showcase their respective technologies. In addition, Mantra will be participating in the BC Networking Seminar, where companies deliver presentations to 50 pre-selected Korean Companies and business-matching opportunities organized by BC’s representative office in Korea. Of the two hundred and fifty companies participating at this year’s show, Mantra is the only company featuring a carbon recycling alternative to CCS with a working prototype.
Iain Black, Minister of Small Business, Technology and Economic Development for British Columbia, commented: “Many Asian countries, especially Korea, are adopting green energy and are looking overseas for the technology. This is one of the reasons why our government is increasing B.C.’s presence in Asia – to help open doors for our companies.”
According to the Hong Kong and Shanghai Banking Corporation (HSBC), South Korea is directing 80 per cent of its economic stimulus spending towards green projects. Fifty trillion won, approximately C$44 billion, will be spent on green buildings, research on renewable energy, and sustainable transportation through 2011- representing a significant opportunity for Mantra.
Mantra will be posting another business development report upon its return from Korea, and pictures of the event will be available at www.mantraenergy.com.
Stay up to date with Mantra on Twitter: twitter.com/mantraenergy
About Environment & Energy Tech (ENTECH) Tradeshow 2009
ENTECH is Korea’s largest tradeshow focused on energy and environment. Endorsed by the Korean Ministry of Knowledge Economy and Ministry of Environment, this four-day event focuses on environment (air, water, waste treatment, air pollution), energy (renewable energy, power generation and electricity, energy efficiency, home/industrial energy, transportation energy) and climate (carbon abatement technologies) sectors. Two hundred and fifty companies will be featured over the course of the event, and over 34,000 people are expected to attend. To learn more, visit the ENTECH 2009 website: http://entechkorea.net/eng/mn01/mn01_01.php
About ERC
The ERC process, defined as 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 from the thermochemical processing of Fossil Fuels. However, ERC has an advantage over the established thermochemical methods for converting carbon dioxide to liquid fuels.
While thermochemical reactions must be driven at relatively high temperatures that are normally obtained by burning fossil fuels, ERC operates at near ambient conditions and is driven by electric energy that can be taken from an electric power grid supplied by hydro, wind, solar or nuclear energy.
About Mantra:
Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly profitable and environmentally responsible investment for its shareholders.
Mantra's recent developments have resulted in many governments and leading industrial companies taking an interest in ERC. Mantra is currently in discussions regarding various grants and other support initiatives offered by international governments, as well as possible pilot projects with large industrial companies.
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.
Investor Relations
Kol Henrikson
1-877-609-2898
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
www.mantraenergy.com
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Mantra Venture Group Acquires Worldwide Exclusive License for Mixed Reactant Fuel Cell Technology |
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SEATTLE, Sept 1st, 2009 /PRNewswire-FirstCall/ Mantra Venture Group Ltd. (‘Mantra’, OTCBB: MVTG, FSE: 5MV) is pleased to announce that it has just signed a worldwide exclusive licensing agreement for a Mixed Reactant Fuel Cell (MRFC) technology. Unlike typical fuel cells that require a Proton Exchange Membrane (PEM) to separate the fuel from the oxidant within the cell, MRFC is based on an innovative technology that mixes the fuel with the oxidant and eliminates the need for the expensive yet fragile membrane. As a result, Mantra anticipates a simplified and much more cost effective manufacturing process upon commercialization.
MRFC was designed by Professor Emeritus Colin Oloman in the Clean Energy Research Center (CERC) at the University of British Columbia, Canada. Under the direction of Prof. Oloman, Mantra’s technical staff is currently undertaking feasibility studies on the MRFC technology - using formate as the fuel. This represents a significant opportunity for Mantra, as formate is one of the key products of ERC - the company’s carbon recycling technology.
John Russell, Vice President of Technical Evaluation, noted: “While fuel cells have evolved and grown more fuel efficient and powerful over the last 10 years, they are still very much struggling to compete with conventional batteries. The MRFC technology moves outside the standard architecture, eliminating the complexity of conventional fuel cells and thus promising improved economic performance. This economic advancement may be enough for fuel cells to reach widespread adoption.”
Mantra’s goal in signing this agreement is to carry the technology from its present development stages through to commercialization and to establish sub-licensing agreements thereafter. MRFC is currently in the worldwide patent application process.
Stay up to date with Mantra on Twitter: twitter.com/mantraenergy
About Mixed Reactant Fuel Cell (MRFC) MRFC is a fuel cell with an unconventional architecture that eliminates the need for some operating features and components [such as the PEM] that are typically required in today’s fuel cells. This simplification is expected to generate a significant economic advantage for the MRFC design. MRFC is currently in the critical stages of the patent application process, limiting the amount of technical information and specifications that can be released at this time. More information on the technology will be released shortly.
About Mantra Venture Group Ltd. Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly profitable and, more importantly, socially 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 EDV 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.
Investor Relations Terry Johnston
1-888-736-5752
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
www.mantraenergy.com
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Mantra Launches www.mantramediacorp.com: an Eco-Friendly Media Design Studio |
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SEATTLE, WA, Aug 18, 2009 /PRNewswire-FirstCall/ Mantra Venture Group Ltd. (‘Mantra’, OTCBB: MVTG, FSE: 5MV) is pleased to announce the official launch of Mantra Media’s new website: www.mantramediacorp.com. Mantra Media, a subsidiary of Mantra Venture Group Ltd., is an eco-friendly design studio and provider of integrated marketing solutions. In using green printing methods, non-toxic waste processes and accredited waste management services, Mantra Media provides a variety of leading-edge design and branding techniques to optimize market awareness and perception.
http://www.mantramediacorp.com
Mantra Media currently offers a variety of services, including: corporate identity design, corporate and product brochures, website and internet campaigns, email marketing, green hosting, green promotional material, tradeshow graphics, powerpoint presentations, and more. In choosing Mantra Media as a one-stop media supplier, clients will receive a complete package that encapsulates their businesses and stimulates target markets - all with minimal impact on the environment.
When queried on the company’s decision to expand its media division, Larry Kristof, President and CEO, noted: “The decision for us was easy. Eco-friendly media design has become a very attractive service for environmentally responsible companies such as ours, and Mantra Media’s expertise and ingenuity has already been recognized internationally for its quality of work in this space. It is now time for us to further capitalize on this opportunity through the launch of mantramediacorp.com.” He then added: “We have always been true believers in practicing what we preach as a green tech company, and our eco-friendly media division is a true testament of this. We plan to further expand Mantra Media’s service offering over the coming months, including a full line of eco-friendly promotional items.”
To learn more about the services offered by Mantra Media, visit the website or call Toll Free: 877-609-2898.
Stay up to date with Mantra on Twitter: twitter.com/mantraenergy
About Mantra:
Mantra, through its group of sustainable energy, carbon reduction, media and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly 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.
Investor Relations
Terry Johnston
1-888-736-5752
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
www.mantraenergy.com
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Mantra To Feature CO2 Recycling Technology at Environment and Energy Tech Trade Show (ENTECH 2009) in Busan, Korea. |
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SEATTLE, WA, Aug. 17 /PRNewswire-FirstCall/ - Mantra Venture Group Ltd. ('Mantra', OTCBB: MVTG, FSE: 5MV) is pleased to announce that it has been invited by the BC Ministry of Economic Development to participate in The Environment & Energy Tech Trade Show (ENTECH 2009) to be held in Busan, Korea from September 16th-19th, 2009. ENTECH is Korea’s largest trade show focused on energy and environment, with over 500 booths and 34,000 visitors anticipated for this year’s event.
Over the course of the event, Mantra and seven other companies from British Columbia, Canada, will have kiosks in the BC Pavilion section of the Busan Exhibition and Convention Center (BEXCO). Mantra will also be participating in the BC Networking Seminar, where companies deliver 7-10 minute presentations to 50 pre-selected Korean Companies and business-matching opportunities organized by BC’s representative office in Korea.
Larry Kristof, President and CEO of Mantra, comments: “We are very much looking forward to participating in ENTECH 2009, and would like to thank the BC Ministry of Economic Development for the great opportunity. Shawn Kim, our VP of International Business Development, has been aggressively locating opportunities and expanding Mantra’s corporate awareness in Korea since joining our team in June, and we expect this trade show to be very beneficial in furthering these efforts. Korea plans to invest 3 trillion won ($2.7 Billion CDN) under President Lee Myung-bak’s “low carbon, green growth” regime, and this trade show will certainly serve as a gateway to several partnership opportunities in support of this initiative.”
Mr. Kim will be in Korea from August 16th to 31st to meet with potential clients and partners prior to the trade show, and again from September 12th to 20th for ENTECH 2009. To schedule a meeting with Mr. Kim during either of these times, please contact Kelly, Toll Free: 877-609-2898.
Stay up to date with Mantra on Twitter: twitter.com/mantraenergy
About Environment & Energy Tech (ENTECH) Tradeshow 2009
ENTECH is Korea’s largest tradeshow focused on energy and environment. Endorsed by the Korean Ministry of Knowledge Economy and Ministry of Environment, this four-day event focuses on environment (air, water, waste treatment, air pollution), energy (renewable energy, power generation and electricity, energy efficiency, home/industrial energy, transportation energy) and climate (carbon abatement technologies) sectors. To learn more, visit the ENTECH 2009 website: http://entechkorea.net/eng/mn01/mn01_01.php
About ERC
The ERC process, “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 from the thermochemical processing of Fossil Fuels. However, ERC has an advantage over the established thermochemical methods for converting carbon dioxide to liquid fuels.
While thermochemical reactions must be driven at relatively high temperatures that are normally obtained by burning fossil fuels, ERC operates at near ambient conditions and is driven by electric energy that can be taken from an electric power grid supplied by hydro, wind, solar or nuclear energy (forms of renewable energy).
About Mantra:
Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly profitable and environmentally responsible investment for its shareholders.
Mantra's recent developments have resulted in many governments and leading industrial companies taking an interest in ERC. Mantra is currently in discussions regarding various grants and other support initiatives offered by international governments, as well as possible pilot projects with large industrial companies.
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.
Investor Relations
Terry Johnston
604-267-3022
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
www.mantraenergy.com |
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Mantra Discovers a New Cathode Catalyst Structure that Increases Current Efficiency for CO2 Recycling Technology |
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SEATTLE, July 28 /PRNewswire-FirstCall/ - Mantra is pleased to announce that it has observed an increase in current efficiency in its Electroreduction of Carbon Dioxide (ERC) technology through the use of a new proprietary electrode catalyst structure. This is just the first of a series of improvements expected by Mantra as they progress through a series of development trials. John Russell, Mantra's Vice President, Technology Evaluation, comments: 'As a part of our latest development initiative, we replaced the tin granular catalyst previously used in the ERC reactor with a proprietary electrode catalyst structure. The initial results from the new catalyst were exemplary. While operating under similar conditions, the ERC reactor reached a current efficiency of 89.66% with the new cathode structure compared to the 46.24% efficiency achieved with the tin granular catalyst. In the coming weeks and months we will be working to achieve even greater efficiency levels and to ensure long-term sustainability of the cathode materials.' Larry Kristof, President and CEO, added: 'These initial results are very encouraging, and we are quite pleased with the advancements made by our partners at Kemetco Research to date. Such an increase in the unit's efficiency will lead to a considerable decrease in overall power consumption- drastically improving the technology's economic feasibility. This is a significant milestone for the technology, and we look forward to further progression of ERC as we continue this series of development trials.' Mantra will be posting regular updates on the aforementioned program as well as other development initiatives as the company moves closer to a fully optimized, commercial scale ERC design. Stay up to date with Mantra on Twitter: twitter.com/mantraenergy About ERC The ERC process, '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 from the thermochemical processing of Fossil Fuels. However, ERC has an advantage over the established thermochemical methods for converting carbon dioxide to liquid fuels. While thermochemical reactions must be driven at relatively high temperatures that are normally obtained by burning fossil fuels, ERC operates at near ambient conditions and is driven by electric energy that can be taken from an electric power grid supplied by hydro, wind, solar or nuclear energy (forms of renewable energy). About Mantra: Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly 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. Investor Relations
Terry Johnston
604-267-3022
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
www.mantraenergy.com
SOURCE Mantra Venture Group Ltd. |
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