NDT Granted U.S. Patent for Colloidal Coal in Water as the Basis of Fuel Related Technologies
TORONTO, May 16, 2012 /PRNewswire/ – Pacific Coal Resources Ltd. (TSXV: PAK) is
pleased to announce that Nano Dispersions Technology Inc. (“NDT”) has
been granted a U.S. patent (#8177867) for “nano-dispersions of coal in
water as the basis of fuel related technologies and methods of making
same.” The patent was issued on May 15, 2012.
The patent process was initiated by NDT by filing the patent application
on June 30, 2009. Based on a memorandum of understanding (“the MOU”)
signed October 15, 2009 between NDT, Alpha Ventures Finance Inc., and
Blue Advanced Colloidal Fuels Corp. (“Blue ACF”), NDT granted exclusive
rights to the patent to Blue ACF for the entire 10-year duration of the
patent. Pursuant to the MOU, Blue ACF also has a 36-month exclusivity
period related to any vehicle developed by Blue ACF for applications of
the patent using coal and asphaltite.
Luis Carvajales, Chief Executive Officer of Pacific Coal, commented:
“Blue ACF is developing innovative, value-added and cost-efficient
fuels using our Colombian coal. Colloidal Coal in Water (“CCW”)
presents an alternative new energy source made out of colloidal size
particles of solid fossil fuels suspended in water, and we are very
excited that NDT has received a patent for its CCW technologies. This
patent is very significant to Pacific Coal because it enables us to
leverage our coal and asphaltite resources through an exclusive
Pacific Coal Resources currently has a 5% equity interest in Blue ACF
and has an option to increase it to 20% (the “Option”). The Company has
advanced US$5.0 million under the Option and has agreed to fund an
additional US$15.0 million, subject to successful testing of the CCW
and Colloidal Asphaltite in Water processes. The additional funding is
to begin within the 3-month period following the completion of such
About Blue ACF
Blue Advanced Colloidal Fuels Corp. is a private company focused on
developing, manufacturing and marketing colloidal fuels. These fuels
may be made out of coal, petcoke, asphaltite or biomass. The Company is
also using currently its proprietary technology to develop sorbents for
emission abatement. Blue ACF is innovative on fuels solutions, bringing
into the market highly technological, low cost and environmentally
Nano Dispersions Technology Inc. is a private research laboratory, based
in the City of Knowledge in Panama, which specializes in the
development of emulsions for energy, industrial and medicinal uses,
using proprietary technology and leveraging its state of the art fluid
dynamics know-how. Colloidal Coal in Water is but one of the various
technologies that this group has developed in the last few years.
About Pacific Coal Resources Ltd.
Pacific Coal Resources Ltd. is a Canadian-based mining company focused
on coal, coking coal, asphalt and asphaltite exploration, development
and production from prospective producing, development-stage and
exploration-stage properties in Colombia. The Company has acquired or
entered into agreements to acquire various interests in several
operating coal mines and projects, representing a substantive coal and
asphaltite exploration and production area throughout Colombia.
Pacific Coal is committed to implementing its exploration and
development strategy with a comprehensive environment, safety and
community program, meeting international standards of best practice.
This news release contains “forward-looking information”, which may
include, but is not limited to, statements with respect to the future
financial or operating performance of the Company and its projects.
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SOURCE Pacific Coal Resources Ltd.