Dynamic Energy Alliance Acquires High-Output Pyrolytic Augmentation Technologies(PresseBox) (Memphis, Tenn., )
Compensation payable to R.F.B. for the license include 100,000 restricted shares of DEAC Common stock and licensee fees over the license term based on both gallons of high value organics produced utilizing the R.F.B. technology, and based on a formula based on a percentage of net profits DEAC realizes from the recovery of all energy products from oil sands or tar sands over the term of the contract (regardless of technology used). The contract has a term of 25 years, or 20 years from the date of issuance of patents, whichever is shorter.
Charles R. Cronin, Jr., Chairman of Dynamic Energy Alliance Corporation, stated: "This acquisition is an important step for DEAC because it improves our waste tire pyrolysis process by changing the chemical reaction that's part of the de-vulcanization process used to convert the tires' rubber, and other waste rubber, into valuable products. A reactor technology included in the license will allow DEAC to recover additional high value organic compounds during tire processing, which management believes will increase the volume of oil and carbon black the Company will be able to extract from the tires. It will also enable us to convert waste tires at lower temperatures, allowing for lower energy and maintenance costs."
The technology's versatility is also an advantage for DEAC, as it can be utilized in a variety of types of pyrolysis equipment, regardless of the power source.
These license rights extend to pending patents and trade secrets, and encompass DEAC's use of the technology for its own products and for plant design, and permit DEAC's conveyance of sub license rights to DEAC's future licensees, joint venture partners and others, for its Pyrol Black Energy Campus structure.
About Dynamic Energy Alliance Corporation
Dynamic Energy Alliance Corporation (DEAC), www.dynamicenergyalliance.com, is a development stage energy and recycling company focused on identifying, combining and enhancing existing technologies with proprietary recoverable production and finishing processes to produce synthetic oil, carbon black, gas, and carbon steel from waste feedstock. This process is expected to be accomplished with limited residual waste product and significant reductions in greenhouse gases compared to traditional processing. To maximize this opportunity, the Company has developed a scalable, commercial development strategy to build "Energy Campuses" with low operational costs and long-term, recurring revenues.
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