GUELPH, ON, Dec. 2, 2014 /PRNewswire/ - BIOREM Inc. (TSXV:
BRM) ("Biorem" or "the Company") today announced that it has
received a patent (US 8,772,015 B2) for its innovative biological
air purification media. This green technology has passed
laboratory and pilot testing and is now in full scale field
trials. The media has been developed to meet very high levels
of performance in a shorter residence time than ever before
achieved using a biological process, and will open up new market
opportunities for Biorem.
Once field trials are successfully completed, this technology
will be offered as a means of extending the life of Granular
Activated Carbon (GAC) currently commonly used for the treatment of
municipal and industrial exhausts. Since it will remove most
of the contaminants upstream of the carbon system, it is expected
to increase carbon life by a factor of up to ten, resulting in
significant cost savings for the customer, and environmental
benefits. The market for carbon replacement is large,
exceeding $100 million annually in
North America alone and is
incremental to our existing markets.
"We have been working on this technology solution for several
years now and are pleased with the research results and
particularly, the strength of the patent. One particular
feature of this media is that it tends to destroy compounds that
are not easily adsorbed into GAC systems making it the ideal
complement to GAC," said Peter
Bruijns, President & CEO. "This new technology has other
uses such as commercial, institutional or industrial indoor air
quality applications which are a new market opportunity for
Biorem."
General information on GAC: GAC is used to adsorb air pollutants
from an air stream thus purifying the air. However, GAC has a
fixed storage capacity and once it is full (fully adsorbed) it must
be replaced or regenerated. Replacement or regeneration of
GAC can occur in as little as 3 months or as long as 2 years
depending on the concentration of the pollution being
treated. GAC is a reliable and proven technology, however,
the combustion process used to create and regenerate GAC results in
generation of greenhouse gases and other airborne
contaminants. For every pound of GAC manufactured
approximately 8lbs of CO2 is emitted to atmosphere. A typical
small system would utilize approximately 3,000lbs of GAC resulting
in 12 Tons of CO2 emissions every time carbon is replaced.
Biorem additionally announced that it has retained Questrade,
Inc. to provide market-making services, in accordance with TSX
Venture Exchange ("Exchange") guidelines. Questrade will buy and
sell shares of the Company on the Exchange for the purpose of
facilitating trading or providing liquidity in the Company's common
shares.
The term of the agreement is one year, beginning December 1, 2014, at a cost of $5,000 per month. Questrade will not receive
shares or options as compensation. The Company and Questrade are
unrelated and unaffiliated entities, but Questrade and its clients
may have or may acquire a direct interest in the Company's
securities.
The agreement is subject to the approval of the Exchange.
About BIOREM Inc.
BIOREM is a leading clean technology company that designs,
manufactures and distributes a comprehensive line of
high-efficiency air emissions control systems used to eliminate
odors, volatile organic compounds (VOCs), remove Hydrogen Sulfide
from Biogas streams and hazardous air pollutants (HAPs). With sales
and manufacturing offices across the continent, a dedicated
research facility, a worldwide sales representative network and
more than 800 installed systems worldwide, BIOREM offers
state-of-the-art technology-based products and peace of mind for
municipalities, industrial companies and their surrounding
communities. Additional information on Biorem is available on our
website at www.biorem.biz.
About Questrade
Questrade, Inc, provides Canadians with high-speed, direct
access trading in the U.S. and Canadian stock and options markets
through its IQ trading platforms. Questrade offers market making
services on behalf of TSX and TSX Venture Exchange listed
companies, providing liquidity on the stock exchange for
share-holders.
SOURCE Biorem Inc.