RENO, Nevada, April 29, 2014 /PRNewswire/ --
Discovery Minerals LTD. (OTC: DSCR) is pleased to announce that
its Joint Venture (JV) with Syngar Technologies is to be extended
an exclusive North American license with Cellunol Inc.
The Agreement allows the JV use of Cellunol's pre-treatment
Bio-Fuel fermentation technology for all Hemp Sector applications.
Cellunol Inc. was formed as a Joint Venture between ANW Inc. of
South Africa and Syngar
Technologies. ANW's proprietary fermentation tank design and
cellulosic pre treatment technology, Oxy-Hydro Fragmentation, when
coupled with Syngar's technology, known as PLUSWave, solves one of
the major issues in ethanol production from cellulose. This
solutions result is an industry first, low cost cellulose pre
treatment and fermentation system that is portable. The
system is set up directly on the growing site or near the cellulose
collection point and works similar to a grain elevator.
Discovery's Joint Venture will be the first company to evaluate
this ground breaking system through their Industrial Hemp JV
growing partners. This new system has the ability to process
any unused hemp material in one continuous procedure from
pre-treatment to sugar to ethanol. The systems efficiencies
will result in significantly reduced up front capital costs and
lower operational expenses while enhancing ethanol yields and net
revenue.
About ANW Inc.:
ANW is a private South African based company that has developed
and owns a proprietary cellulose pre treatment technology and
fermentation tank designs that can rapidly pre-treat cellulose
materials into a slurry product suitable for fermentation by yeasts
into ethanol. Their Oxy-hydro technologies can rapidly breakdown
plant material without the use of stream, pressure, or dangerous
acids.
About Syngar and PLUSWave:
The Company is a private Canadian company based in Edmonton, Alberta. 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.
The PLUSWave Technology uses specific and proprietary ultrasound
frequencies, at specific power levels, over set time intervals to
stimulate the fermentation growth of algae, bacteria, fungus or
yeast microorganisms by upwards of 30 - 50%.
About Discovery Minerals LTD.:
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 portfolio.
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:
Bill McNerney
+1(310)961-4654
At: info@discoveryholdingscorp.com
SOURCE Discovery Minerals LTD.