SAN FRANCISCO, Jan. 16, 2014 (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 presented a graphic illustration of the proprietary Electrogenic Bioreactor ("EBR") developed by Pilus Energy LLC ("Pilus Energy"). This GalvaniBot™ powered EBR wastewater-to-value platform promises to provide industrial robust water remediation, electricity generation, biogas and chemical production. GalvaniBot™ is housed on the anode of the EBR where the BactoBots™ metabolize the organic contaminants as they run through the reactor. These BactoBots™ are able to withstand swings in pH and temperature, they resist heavy metals, and are able to not only survive in the presence of other bacteria, but also thrive, acting like microscopic piranhas metabolizing anything organic they come in contact with. In order to prevent escape into the environment or theft of the technology, these BactoBots™ must be used in concert with Pilus Energy's GeRM keys.
The Genetic Rights Management ("GeRM") keys consists of inert, non-toxic molecules that must be added to the feedstock before it comes in contact with the BactoBots™ ("Bots") otherwise the Bots will self-destruct starting with their DNA and RNA. This system, as mentioned above, prevents both theft of the BactoBots, as well as their escape into the environment.
The Company has recently presented at a number of prestigious investor conferences and continues to meet regularly with a broad array of both institutional investors and potential sources of non-dilutive funding (i.e. grants, low interest loans, state sponsored programs). The company has received a number of inquiries from institutional investors, concerning Pilus Energy's EBR technology platform and specifically relating to design and functionality. In response the Company has produced the below illustration so that all existing and potential shareholders can familiarize themselves with the design, specialized components, and influent and effluent ports. The Company continues to make progress in obtaining the requisite environmental permits and capital resources (potentially from non-dilutive sources) to commence the commercial pilot tests that are crucial to generating significant future revenues and earnings.
Please view EBR design here: http://media.globenewswire.com/cache/25644/file/24144.pdf
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).
DISCLAIMER:
Forward-Looking Statements: Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation expectations, beliefs, plans and objectives regarding the development, use and marketability of products. Such forward-looking statements are based on present circumstances and on TAUG's predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, and are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to successfully develop and market products, consumer and business consumption habits, the ability to fund operations and other factors over which TAUG has little or no control. Such forward-looking statements are made only as of the date of this release, and TAUG assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Risks, uncertainties and other factors are discussed in documents filed from time to time by TAUG with the Securities and Exchange Commission. This press release does not and shall not constitute an offer to sell or the solicitation of any offer to buy any of the securities, nor shall there be any sale of the securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The securities have not been registered under the Securities Act of 1933, as amended (the "Securities Act") or any state securities laws, and may not be offered or sold in the United States absent registration, or an applicable exemption from registration, under the Securities Act and applicable state securities laws.
