Company to Charge for Small Run Biomass Grinding
CAMBRIDGE, ON / CRWEPRESSRELEASE / July 29, 2015 /Converde Energy USA Inc. (OTCMKTS:XFUL), is pleased to report that it will build and commission a biomass grinding line complete with sizing sieves and testing equipment at our Cambridge facility.
Since our announcement of our simultaneous grinding and oil extraction technology on November 24th 2014 we have been getting numerous requests for grind testing and small production runs of various types of biomass and bio-feedstock.
Management has seen this as an opportunity to apply our skills, knowledge and technology to provide a “service for fee” where we feel a large untapped market exists. Many potential clients have the same complaint that they cannot get small production runs or grinding of various products for a reasonable price.
The company believes that not only will this service bring in additional revenues on the service side but will assist in ultimately selling our grinding systems to clients who are setting up grinding facilities for Biomass, Bio-digesters, Fiber grinding, Oil extraction, Corn for Ethanol production as well as animal feeds.
Mr. Michael McLaren CEO, states, “This is another example of using our skills, experience and technology to bring in new revenue streams into the company. I am excited for the possibilities not only in contract testing and small production but also in the fact it will bring in new buyers for our grinding systems.”
Converde Energy has estimated that the new system could bring in as much as $500,000.00 in sales in the next year based on existing inquires for the service.
About Converde Energy
Converde Energy USA Inc. develops renewable energy technologies and applies it to new generation power systems. Specifically, Converde Energy’s plasma assisted bio-mass to energy plants, utilizing the state of the art technologies to produce green energy in both fuel (sulfur free diesel) and electricity at the most efficient cost in capital investment and production per/barrel, per/Megawatt. Converde Energy USA Inc. has seasoned management, cutting edge technology and owns a large technology portfolio of patents and know-how that has been extensively validated and ready for commercial production.
For more information please see www.xfuels.com
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For further information please contact:
Xfuels Public Relations and Shareholder Information Xfuels Inc.
Phone: (519) 800-7556
SOURCE:Converde Energy USA Inc.