TSX-V: CST
Outstanding Shares: 100,494,626
QUEBEC CITY, Sept. 25, 2014 /PRNewswire/ - CO2
Solutions Inc. (TSX-V: CST), the leader in the field of
enzyme-enabled carbon capture technology, today announced that as
part of its strategic review of the options available in the
pursuit of commercial opportunities, particularly in the United States, the Corporation has
determined that continuing the collaboration announced earlier this
year with Neumann Systems Group (NSG) in no longer in its best
interests. The collaboration, therefore, will end effective
September 25, 2014.
"We are now focusing our attention and resources
on alternative collaborations to meet our objective of offering a
low-cost, next-generation commercial CO2 capture system
for applications such as Enhanced Oil Recovery", stated
Evan Price, President and CEO of
CO2 Solutions.
About CO2 Solutions Inc.
CO2 Solutions is an innovator in the field of
enzyme-enabled carbon capture and has been actively working to
develop and commercialize the technology for stationary sources of
carbon pollution. CO2 Solutions' technology
lowers the cost barrier to Carbon Capture, Sequestration and
Utilization (CCSU), positioning it as a viable CO2
mitigation tool, as well as enabling industry to derive profitable
new products from these emissions. CO2 Solutions
has built an extensive patent portfolio covering the use of
carbonic anhydrase, or analogues thereof, for the efficient
post-combustion capture of carbon dioxide with low-energy aqueous
solvents. Further information can be found at
www.co2solutions.com.
CO2 Solutions Forward-looking
Statements
Certain statements in this news release may be forward-looking.
These statements relate to future events or CO2
Solutions' future economic performance and reflect the current
assumptions and expectations of management. Certain unknown factors
may affect the events, economic performance and results of
operation described herein. CO2 Solutions undertakes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as may be required under applicable law.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE CO2 Solutions Inc.