Algasol is pleased to announce that the patent for its floating PhotoBioReactor (PBR), based on density difference, has been allowed in the USA.
About Algasol's Patented PBR Technology
Our award winning photobioreactor technology breaks the cost barrier and allows microalgae production to be economically viable in the present tense. On average, our technology lowers CAPEX by 90% when compared to other growth systems, and is deployable both on land (in ponds) and in the oceans. To give you an example, 1 ha (10,000m2) of Algasol PBRs is as low as USD 52,500, including harvesting valves and internal aeration.
The main components of our worldwide patented technology include the following:
- General concept of controlling the position of a closed photobioreactor by providing a density difference between the algae culture inside the photobioreactor and the surrounding water
- Density Management System for submerging/angling the PBR
- Internal Aeration System
Algasol continues to strengthen its patent portfolio by securing additional international patent applications that optimize its revolutionary biomass production platform.
Visit Algasol's webpage for additional news and updates.
For more detail, our worldwide patent is accessible at www.wipo.int.
About Algasol Renewables
Algasol Renewables is a biotechnology company with a unique patented PhotoBioReactor (PBR) for the low-cost production of microalgae for biofuels and bioproducts. The technology is a flexible (polymer film) PBR floating on water that can be deployed on the oceans and non-arable land (in ponds). A worldwide patent covers all key aspects of the PBR technology, and Frost & Sullivan awarded Algasol Renewables the prestigious Global Algae Biofuels Award.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release are "forward-looking statements" within the meaning of the federal securities laws. Statements about our beliefs and expectations regarding our technology platform, our ability to efficiently develop new products, the potential wide applicability of our intellectual property and licensing opportunities, may constitute forward-looking statements. These forward-looking statements involve risks, uncertainties and other factors that could cause Algasol's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Investors are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. Any forward-looking statements speak only as of the date of this press release and, except as required by law, Algasol expressly disclaims any intent or obligation to update or revise any forward-looking statements to reflect actual results, any changes in expectations or any change in events. If Algasol does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. Factors that could cause results to differ materially include, but are not limited to: (1) whether the patented technology will result in any new products or improve our ability to efficiently and effectively develop new products; (2) whether the patented technology will result in any new customers, partners, collaborations or licensing agreements; (3) Algasol's research and development efforts, and (4) Algasol's ability to successfully enforce its intellectual property rights.