April 17, 2014
Discovery Minerals Forming JV to Access Bio-Fuel Technology for Industrial Hemp
RENO, Nevada, April 17, 2014 /PRNewswire/ --
Discovery Minerals Ltd. (OTC: DSCR) has agreed to form a Joint Venture (JV)
partnership with Bio-fuel Technology company Syngar Technologies, Inc. (SGI) of Alberta,
The Joint Venture will authorize use of Syngar's synthesis technology for applications
within the Industrial Hemp sector. The result is a sustainable approach toward the
cultivation and processing of industrial hemp. The JV partnership will also have access to
research funding and facilities through the Alberta research counsel. This access to
resources will allow the JV to continually keep pace with the maturing industrial hemp
industry within North America. Discovery's immediate benefit is the ability to book the
intellectual property's value as an asset on its financial statements.
In 2010, Syngar Technologies successfully licensed the "Pulsed Low Ultra Sound Wave"
(PLUSWave) Technology for the exclusive and worldwide application in biofuels with further
options for certain protein therapeutic molecules. The PLUSWave Technology utilizes
specific and proprietary ultrasound frequencies at specific power levels and set time
intervals which stimulate the fermentation growth of microorganisms, mammalian cell
cultures, and increases protein expression. The benefit to Discovery, through the JV, is
the PLUSWave technology allows for the use of non-food grade cellulose material in the
biofuel fermentation process rather than traditionally relying on food grade sources such
as corn. Additionally, the possibility exists to utilize smaller infrastructural
components for the fermentation process. A small scale on-site application will collect
and utilize any unused or waste biomass creating an economical biofuel production ability
for individual and collective growers.
The JV partnership will immediately begin to sell sub licenses to the existing
available Canadian hemp market and growers awaiting access to the American market.
ABOUT SYNGAR AND PLUSWAVE: The Company was established in May 2008, as a private
Canadian company based in Edmonton, Alberta. In January 2010, Syngar licensed a
technology, which we call "Pulsed Low Ultra Sound Wave" (PLUSWave) Technology. The PLUS
Wave TM license is a worldwide and exclusive for application in biofuels with options for
certain protein therapeutic molecules. The PLUSWave Technology uses specific and
proprietary ultrasound frequencies, at specific power levels, over set time intervals to
stimulate the fermentation growth of microorganisms, mammalian cell cultures and also
increases protein expression.
About Discovery Minerals Limited: Discovery Minerals Ltd. (OTC: DSCR) is a production
stage company formed to acquire and develop natural resource properties. Activities
include gold, precious metals and petroleum minerals, including rare earth minerals
production and sales. The Company initiated a new program to evaluate undervalued assets,
including clean tech and alternative energy investments, for potential addition to its
Safe Harbor: This release includes forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934.
Statements contained in this release that are not historical facts may be deemed to be
forward-looking statements. Investors
are cautioned that forward-looking statements are inherently uncertain.
Actual performance and results may differ materially from that projected or suggested
herein due to certain risks and uncertainties including, without limitation, ability to
obtain financing and regulatory and shareholder approval for anticipated actions.
Contact Person: Henry Manayan Phone +1-(310)-961-4654 At: [email protected]
SOURCE Discovery Minerals LTD.