Contact Information: For more information contact: Investorideas.com Dawn Van Zant 800.665.0411 Email: To contact Mantra Terry Johnston Phone: (604) 267-3022 Email:
Renewable Energy Stocks Newly Listed Showcase Company, Mantra Venture Group Ltd. (OTCBB: MVTG-FSE: EDV 5MV), Building a Portfolio of Green Technologies
Carbon Capture Technology Recently Funded by Mantra Moves to Next Stage of Development
| Source: RenewableEnergyStocks.com; Mantra Venture Group Ltd.
POINT ROBERTS, WA and DELTA, BC--(Marketwire - June 19, 2008) -
www.RenewableEnergyStocks.com, a leading investor news and research portal
for the renewable energy sector within Investorideas.com, presents featured
showcase Mantra Venture Group Ltd. (OTCBB : MVTG ) (FRANKFURT : 5MV ), a public
company that invests in and licenses a growing portfolio of green
technologies. The company has licensed two key technologies developed at
well respected University research departments.
The current portfolio of green technologies includes ERC (explained below),
and "signal smoothing" which increases power efficiencies derived from
wind, ocean & geothermal power. Mantra is interested in many other
sustainable technologies and is investigating or negotiating some of these.
An example is cellulosic ethanol: ethanol produced from wood and
agricultural wastes (described below).
Mantra acquired the intellectual property for a process developed at the
UBC Clean Energy Research Center (CERC) by Professor Colin Oloman
(co-inventor with Dr. Hui Li) that converts carbon dioxide (CO2) into
useful products. The process, ERC (electro-reduction of carbon dioxide),
takes carbon dioxide and water, combined with electricity, to produce
commodity chemicals which can also be used as fuel to power a specially
designed fuel cell. Together, ERC and the fuel cell are a clean renewable
source of power in which the CO2 can be continuously recycled. It functions
like CCS (carbon capture and storage, or sequestration) by taking up
human-generated CO2 and ensuring it does not add to the atmospheric
overload; it therefore shares the CCS market which is projected at hundreds
of billions of US dollars in time.
The company recently announced new funding of $530,000 to fund the
development of the ERC technology, the next stage is optimization. The work
will be conducted at Mantra's new lab facility in Richmond, BC, and will
focus on construction, testing, and optimization of an advanced prototype.
"I was personally excited to see this technology funded and into the next
phase of development," commented Investoideas.com owner Dawn Van Zant. "I
met Professor Colin Oloman at the UBC Clean Energy Research Department in
April 2007, on a tour I set up for an investment group researching
investment opportunities in BC in the green space. Colin gave us an
in-depth view of the benefits of ERC vs. Sequestration. He is a well
respected source in the industry and has developed a promising technology
well ahead of the curve."
Mantra has also acquired an exclusive option to a new technology, signal
smoothing, developed at the University of Toronto to control electrical
power developed from variable sources (e.g. wind farms, tidal, geothermal,
etc.) It converts raw power into "grid standard." Signal smoothing is a
substantial improvement on the existing equipment and has a large potential
market.
About Mantra Venture Group Ltd. (OTCBB : MVTG ) (FRANKFURT : 5MV )
Mantra, through its group of sustainable energy, carbon reduction and
consumer product subsidiaries, is active in the green technology
marketplace with an innovative, multi-faceted approach focused on
profitability through sustainability. By aggressively seeking out new
technologies and innovating solutions for a cleaner earth for everyone,
Mantra intends to provide a highly profitable and environmentally
responsible investment for its shareholders.
For a list of company projects:
http://www.mantraenergy.com/projects/index.php
More info can be found on the Investorideas.com at the company showcase
http://www.investorideas.com/CO/MVTG/ or at the company website
http://www.mantraenergy.com/
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advertising. Disclosure: Mantra Venture is a featured showcase company
(program#2) for $2000 month and 150,000 restricted shares over 12 months.
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