Clean Coal Technologies Inc. (CCTC) Announces Upcoming Shareholder Meeting and Confirms Test Plant Relocation to Wyoming
NEW YORK, NY / ACCESSWIRE / March 7, 2018 / Clean Coal Technologies, Inc. (OTCQB: CCTC) ("CCTI" or the "Company"), the leading clean-energy company utilizing patented and proven technology to convert run of mine coal into a cleaner burning and more efficient fuel, today announced that their upcoming shareholder meeting will take place on April 30th, 2018 (details below). The company also confirmed that their test facility has moved from the AES coal-fired power plant in Oklahoma to Wyoming.
"We are pleased to confirm that our test facility operation at AES in Oklahoma is now completed and was successful. The facility has been moved to Wyoming where reassembly plans are underway," stated CCTI CEO/President, Robin Eves. "The reassembly will take into account significant input from the University of Wyoming that will help to showcase the many applications of our patented Technologies and will incorporate enhancements following the course of our latest schedule of tests. Upon completion of the reassembly we expect to very quickly be receiving coal samples of 500 ton batches from multiple potential worldwide customers, including three Indian power and steel companies, among them Jindal which will be the final phase of the due diligence period of the TLA signed with CCTI before their second payment and the commencement of their commercial operations. Negotiations with other coal producers from around the world are ongoing, and we've confirmed that shipments are also being planned from Russia, Indonesia, and Saudi Arabia.
"We are currently working on the logistics of receiving these test samples and expect that the testing of specific coal samples in Q2-Q3 of 2018 will be the last phase of due diligence from some of our partners prior to the signing of commercial licenses," concluded Mr. Eves.
"We are also pleased to announce that the shareholder meeting will take place on April 30th, 2018 at 10:00 am at the Marriot Hotel in Stamford, CT. Shareholders will receive all relevant data in the coming weeks," added CCTI COO/CFO, Aiden Neary.
About Clean Coal Technologies, Inc.
Clean Coal Technologies, Inc., a cleaner-energy technology company with headquarters in New York City, NY, holds patented process technology and other intellectual property that converts raw coal into a cleaner burning fuel. The Company's trademarked end products, "Pristine™" coals, are significantly more efficient, less polluting, more cost-effective, and provide more heat than untreated coal. The principal elements of the Company's pre-combustion technology are based on well-proven science and tried-and-tested industrial components. The Company's clean coal technology may reduce some 90% of chemical pollutants from coal, including Sulfur and Mercury, thereby resolving emissions issues affecting coal-fired power plants. For more information about Clean Coal Technologies please visit: www.cleancoaltechnologiesinc.com
This release may include forward-looking statements related to CCTI's plans, beliefs and goals, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such statements include, but are not limited to, statements about CCTI's plans, objectives, expectations and intentions with respect to future operations, its products, its ability to secure financing for its operations, the impact on the industry and other statements identified by words such as "will," "potential," "could," "can," "believe," "intends," "continue," "plans," "expects," "anticipates," "estimates," "may," and other words of similar meaning or the use of future dates. Additional details about CCTI's business and its operations that could affect CCTI's actual results are described in CCTI's filings with the Securities and Exchange Commission, including the "Risk Factors" that are part of its most recent annual report on Form 10-K for the year ended December 31, 2016 and in each of its subsequently filed periodic reports. All forward-looking statements in this release speak only as of the date of this news release. CCTI undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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SOURCE: Clean Coal Technologies, Inc.
Released March 7, 2018