VANCOUVER, Oct. 28 /PRNewswire-FirstCall/ -- Mantra is pleased to announce that it has achieved enhanced cathode stability through the use of a new proprietary technique. Management will review the patentability of this technical breakthrough in the weeks that follow.
John Russell, Vice President of Technology Evaluation at Mantra, explained: "We are happy with the latest advancements made on the ERC technology and Mantra will be looking at the patentability of this latest discovery to further secure its competitive advantage. Thanks to persistent research, ERC is moving steadily from concept to reality as a complete technology." He then added: "This is the essential evolution of a commercial product; it is built on a series of small successes culminating in a practical, economic technology that is of interest to industry and government."
Mr. Larry Kristof, Mantra's President and Chief Executive Officer, had this to say: "ERC has an important contribution to make in the realm of carbon recycling and it is exciting to see it becoming a reality. It is more and more competitive with CCS (carbon capture and sequestration). The last five months have seen the rate of technological improvements move ahead of schedule and, as a result, we are getting the exposure in the media that we had sought. ERC is now getting consistent recognition from major international industry players and institutional investment firms alike."
Mantra continues its ERC development with the following objectives: to upgrade the anode, develop an efficient method to separate the formate product, and to convert the formate into formic acid. Further updates will be released as important milestones are achieved.
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.
Mantra Venture Group Ltd.
CONTACT: Investor Relations, Kol Henrikson, 1-877-609-2898,
khenrikson@mantraenergy.com, http://www.mantraenergy.com/
