NEW YORK, Dec. 4, 2013 (GLOBE NEWSWIRE) -- Tauriga Sciences Inc. (OTCQB:TAUG) or ("Tauriga" or "the Company"), a diversified company focused on generating profitable revenues through license agreements and the development of a proprietary technology platform in the nanorobotics space, has today highlighted some recent positive media coverage regarding its pending acquisition of Pilus Energy LLC ("Pilus Energy"). The list of articles compiled below, which includes the corresponding links, is for the browsing convenience of shareholders and interested parties.
Most Notably the November 26th article (Article #1), "Cincinnati-based Pilus Energy Gets New Owner, Launches Crowdfunding Campaign," by Lucy May, includes a quote by Mr. Biju George ("Mr. George"), the Deputy Director of the Metropolitan Sewer District of Greater Cincinnati ("MSD"). One of Pilus Energy's two planned pilot tests is with MSD, which if successful, could result in significant high margin revenues for the Company over the coming years. This commercial pilot test with MSD is expected to commence shortly after Tauriga completes the acquisition of Pilus Energy, which is anticipated to occur during the first calendar quarter of 2014. Please see below the comment (quotation) by Mr. George:
"When I first talked to Pilus and the founders and the researchers, it was like a science fiction movie, and they made me a believer in it," George said. "If it can move to a level where they can commercialize this and truly apply it to a large scale, it's going to completely change the science behind how we treat wastewater in the future," he said.
Article #1)
Source: | WCPO CINCINNATI (Channel 9 News) |
Author: | Lucy May |
Title: | "Cincinnati-based Pilus Energy Gets New Owner, Launches Crowdfunding Campaign" |
Date: | November 26, 2013 |
Link: | (http://pilusenergy.com/articles/cincinnati-based-pilus-energy-gets-new-owner-launches-crowdfunding-campaign/) |
Article # 2)
Source: | Cincinnati Business Courier |
Author: | Andy Brownfield |
Title: | "New York Micro-Robot Firm Buys Cincinnati Startup" |
Date: | November 26, 2013 |
Link: | (http://m.bizjournals.com/cincinnati/news/2013/11/26/new-york-micro-robot-firm-buys.html?r=full) |
Article # 3)
Source: | Ecopreneurist |
Author: | Derek Markham |
Title: | "Turning Organic Waste into Electricity with Bacteria" |
Date: | November 25, 2013 |
Link: | (http://ecopreneurist.com/2013/11/25/turning-organic-waste-electricity-bacteria/) |
Article # 4)
Source: | Inhabitat Magazine |
Author: | Morgana Matus |
Title: | "Pilus Energy Uses Bacterial Robots to Turn Sewage into Electricity, Water, and Biogas" |
Date: | November 25, 2013 |
Link: | (http://inhabitat.com/pilus-energy-uses-bacterial-robots-to-turn-sewage-into-electricity-water-and-biogas/) |
Article # 5)
Source: | Water Online |
Author: | Laura Martin |
Title: | "Water Remediation 'Robots' Feast On Over 400 Wastewater Contaminants, Then Self-Destruct" |
Date: | November 21, 2013 |
Link: | (http://www.wateronline.com/doc/bactobots-feast-on-over-wastewater-contaminants-self-destruct-0001) |
On November 25, 2013, the Company signed a definitive agreement to acquire Cincinnati, Ohio based Pilus Energy LLC ("Pilus Energy"), a developer of alternative cleantech energy platforms using proprietary microbial solutions that creates electricity while consuming polluting molecules from wastewater. Upon consummation of the proposed reverse merger, which has been unanimously ratified by Tauriga's board of directors, Pilus Energy will become a wholly-owned subsidiary of Tauriga.
About Tauriga Sciences, Inc.:
Tauriga Sciences, Inc. (TAUG) is a diversified company focused on generating profitable revenues through license agreements and the development of a proprietary technology platform in the nano-robotics space. The mission of the Company is to acquire and build a diversified portfolio of cutting edge technology assets that is capital efficient and of significant value to the shareholders. The Company's business model includes the acquisition of licenses, equity stakes, rights on both an exclusive and non-exclusive basis, and entire businesses. Management is firmly committed to building lasting shareholder value in the short, intermediate, and long terms. The Company's new corporate website can be found at (www.tauriga.com).
About Pilus Energy LLC
A developer of alternative cleantech energy solutions, Pilus Energy is developing microbial solutions that clean polluting molecules from wastewater. In the process, the technology generates electricity and produces economically important gases and chemicals. Pilus Energy licenses a low-cost, scalable electrogenic bioreactor platform and wastewater-to-value BactoBots. Pilus Energy will also derive additional revenues from carbon and renewable energy credits (REC). For more information, please visit Pilus Energy's web site, (www.pilusenergy.com).
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