Hydrogen Based Alternative Fuels Poised for Considerable Growth
Backed By Major Investment Funding & Recent
Advancements
Coral Springs, FL -- August 30, 2016 -- Factors such as federal
research, governmental regulations and increased demand from the
private sector are boosting alternative fuel uses to new heights.
While Hydrogen and Carbon Based Fuel Technology advances, wall
street funding continues to offer flexible financing for the
development of the latest advancements. Alternative Energy
companies and other OTC leaders in the markets today on watch
are Xfuels Inc. (OTC:
XFLS), SandRidge Energy, Inc., (OTC:
SDOCQ), FuelCell Energy, Inc. (NASDAQ:
FCEL), Ascent Solar Technologies, Inc. (OTCQB
: ASTI) and Liquidmetal Technologies, Inc. (OTCBB:
LQMT)
Xfuels Inc. (OTC:
XFLS) is pleased to report today that it has entered into an
Equity Purchase Agreement (EPA) with an affiliate of Southridge LLC
(Southridge), an institutional investor. The EPA provides Xfuels
with the right, but no obligation, to sell stock to Southridge and
the ability to designate the amount, minimum pricing, and timing of
each capital draw-down, provided that the aggregate purchase amount
available under the EPA is $3.5 million and ownership of Xfuels
stock by Southridge is limited to 9.99% at any time, which as of
August 29, 2016, would equal 6,121,101 shares.
Read the full XFLS Press Release at: http://financialnewsmedia.com/profiles/xfls.html
We are pleased to put together this financing structure, said
Xfuels CEO, Michael McLaren. Access to this amount of flexible
financing with modest dilution and the protection of a reasonable
floor provides us with the capital to execute on our business plan.
Michael McLaren further stated, The funds will be used to increase
production in our natural gas well joint venture, as well as
implement our technologies on the site to produce the pilot Gas To
Liquids (GTL) system, Hydrogen production technology and our Carbon
Fuel Cell technology. This results in Xfuels controlling all
aspects of implementing our ground breaking technology.
We are excited by the prospects of our investment in Xfuels,
added Stephen M. Hicks, Founder and CEO of Southridge. We believe
the EPA provides a solid foundation for the execution of Xfuel's
attractive business plan.
In other market developments in the Alternative Energy &
other OTC Emerging Company news:
SandRidge Energy, Inc., (OTC:
SDOCQ) closed up over 100% at $0.04 on over 23Million shares
traded by the market close on Monday. Sandridge recently indicated
it planned to exit chapter 11 quickly, but shareholders were
seeking an equity committee. Sandridge, an energy company, engages
in the exploration, development, and production of crude oil,
natural gas, and natural gas liquids primarily in the area of
Mid-Continent in Oklahoma and Kansas
FuelCell Energy, Inc. (NASDAQ:
FCEL), a global leader in the design, manufacture, operation
and service of ultra-clean, efficient and reliable fuel cell power
plants, announced the upcoming release of its third quarter
financial results after Market Close on Wednesday, September 7,
2016. FuelCell Energy management will host a conference call with
investors beginning at 10:00 a.m. Eastern Time on Thursday,
September 8, 2016 to discuss the third quarter results for
2016.
Ascent Solar Technologies, Inc. (OTCQB
: ASTI), a developer and manufacturer of state-of-the-art,
flexible thin-film photovoltaic modules integrated into the
Company's EnerPlex series of consumer products, announced recently
that the Company's newest debuted product, the Kickr 7 FL
(Feather-light), has received numerous "Best of Show" awards from
the following media publications at the 2016 Outdoor Retailer Show
in Salt Lake City, UT from August 3rd - 6th, 2016.
Liquidmetal Technologies, Inc. (OTCBB:
LQMT) (OTCQB:
LQMT), the worlds leading developer of amorphous alloys,
announced this month that it has entered into an amendment to its
Securities Purchase Agreement, dated March 10, 2016, with
Liquidmetal Technology Limited, a company owned and controlled by
Professor Lugee Li. Under the amendment, Liquidmetal Technologies
agreed to extend to December 31, 2016 the deadline for the purchase
by Liquidmetal Technology Limited of the remaining 300,000,000
shares under the Securities Purchase Agreement. The original
deadline for the follow-on investment was August 17, 2016, and the
amendment will enable Professor Li to complete the international
funds transfer process required for the remaining investment. Other
than the extension of the closing date, the amendment did not
materially modify the terms of the original Securities Purchase
Agreement.
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