Mantra’s Carbon Recycling Technology (CCR) Has Been Chosen as One of the 25 Most Promising New Products for 2011
- By CFei
SEATTLE, WA, Jan 10, 2011 (MARKETWIRE via COMTEX) — Mantra Venture Group Ltd. (‘Mantra’) (OTCBB: MVTG) (FRANKFURT: 5MV) is delighted to be chosen as one of the Top 25 promising technologies of 2011.
To be chosen 15th of 25 in this company is an honour; the new products listed are expected to be breakthrough new ideas having an impact for years to come. This article is recognition of the need for large GHG emitters globally to become actively involved with carbon recycling.
To read the article, readers are directed to the first link: http://www.businesspundit.com/25-most-promising-products-for-2011/. To read a full background interview from Senior Writer Drea Knufken of Business Pundit click on the link below: http://www.businesspundit.com/pulling-profits-out-of-carbon-capture-an-interview/.
Being recognized for the potential and value or our technology while alongside companies such as Samsung, Panasonic and Porsche is very exciting, it is part of a growing trend — Mantra has left behind its early research orientation and is now gradually gaining recognition around the world for its achievements. Lafarge, the world’s largest manufacturer of cement, is coordinating with us in a demonstration of the technology in industry. “There comes a time when hard work and clear strategy turns into dawning recognition,” says John Russell, Executive VP, “and this is that time.”
As an extension of the same story, Mantra has been invited to join a Trade Mission to India conducted by the City of Surrey. Mr. Larry Kristof, CEO, will travel to Mumbai next month alongside companies like Ballard Power Systems, PowerTech Labs Inc, and Nexterra to meet with companies alike. The Trade Mission is lead by Mayor Dianne Watts who was recently recognized as the 4th best mayor in the world.
Larry Kristof had this to say about recent developments: “Each individual acknowledgement adds to the Mantra story and leads forward to sales of demonstration units, which in turn will grow into commercial sized plants. It is exciting, but not a surprise: it comes out of following our established business strategy.” Indian companies interested in meeting with Mantra should contact the Trade Mission by email at www.surrey.ca/indiamission
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 green chemicals, new chemicals beyond formic acid, building products and 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 clean or renewable energy).
About Mantra Venture Group
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 OTCBB under the symbol MVTG and on the Frankfurt Stock Exchange under the symbol 5MV.
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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.