NEW YORK--(BUSINESS WIRE)--March 22, 2006--Veridium Corporation (OTC Bulletin Board: VRDM - News) today announced its execution of a license agreement with General Ultrasonics Corporation, a development stage company that owns patented technologies that use ultrasonic energies to enhance physical and chemical reactions and to synthesize clean fuels from qualified carbon-based, hydrocarbon-based, and other liquids, solids and gases.
Under the terms of the license agreement, Veridium has the right to use the General Ultrasonics technologies on all applications involving the processing of wastes such as industrial wastes, municipal solid wastes, sewage, residential wastes, and agricultural wastes.
General Ultrasonics' technologies use high intensity ultrasonic energies to enable a new type of hydrogen reformation that is capable of significantly reducing the scale at which hydrogen production is cost-effective. This reduction in scale is made possible by a demonstrated 25% reduction in the temperatures required to affect the reformation reaction as compared to standard steam reformation of natural gas (SRNG), and even greater gains as compared to partial oxidation processes (POX). In standard SRNG and POX processes, the reformation reaction is catalysed chemically. The General Ultrasonics process leverages mechanical processes to generate ultrasonic energies that in turn catalyze the reformation reaction at lower temperatures.
General Ultrasonics' reformation process was designed to produce hydrogen out of a variety of carbonaceous and hydrogen-containing feedstocks. Initial testing on General Ultrasonics' prototypes has demonstrated that hydrogen production at small scales with varied carbonaceous feedstocks is achievable with the technology.
Kevin Kreisler, GreenShift's chairman and chief executive officer, said that "I believe that the efficiency gains of the General Ultrasonics technologies also make possible substantial new opportunities to safely and cost-effectively convert wastes into clean fuels and clean energy. This is a critical technology for Veridium's portfolio. We intend to support the development of the technology in ways that first bring additional production improvements to the ethanol production industry. Veridium's first goal with the license will be to develop and deploy an application that converts discarded corn stalks and other related by-products into clean fuels and/or energy."
Das muss man sich mal auf der Zunge zergehen lassen :-).
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