Clean Coal Technologies, Inc. (CCTC) Signs Up To $1million Development Agreement With University of Wyoming
UW Will Support the Next Stage Technology Development of Pristine™ Coal Beneficiation Technology that will Incorporate Advanced, Upgraded Technology
NEW YORK , NY / ACCESSWIRE / April 26, 2019 / Clean Coal Technologies, Inc., (OTCQB: CCTC) (''CCTI'' or the ''Company''), the leading clean-energy company utilizing patented and proven technology (Pristine™) to convert run of mine coal into a cleaner-burning and more efficient stabilized solid fuel, today announced an award agreement of up to $1m at University of Wyoming (UW) School of Energy Resources (SER) as part of the critical next stage technology development. Earlier this year University researchers successfully and independently verified the performance of CCTI's Pristine M technology. The outcome from this important milestone identified performance improvement areas which are being designed and incorporated into the next stage field testing program scheduled to start in Wyoming.
''We are very pleased to announce that after independently validating our Pristine M coal 'refining' technology performance, the University of Wyoming has agreed to provide a matching grant of up to $1m with the first agreement of $500,000 being made available in May, 2019 for the next stage of our proprietary coal-beneficiation (Pristine™) technology development'' stated Robin Eves, CCTI CEO. ''These funds have been earmarked specifically for our second generation test facility to be located in Gillette, WY. Our partnership with the University and the State of Wyoming will ensure that the test facility will be ready to commence testing of coal and will help our company move to commercialization in an expedited manner. This second generation plant will include process and engineering enhancements that the university's simulated modeling study and experimental program advocated. We fully expect it will further increase the plant's performance and efficiency and will reduce the overall cost of a commercial unit. Furthermore, the University's work has informed and quantified the potential of manufacturing valuable by-products as a consequence of the coal-beneficiation process.''
The University Of Wyoming School Of Energy Resources is recognized globally as one of the world's leading research institutions in energy technology, particularly in the development of coal beneficiation and efforts to use the fuel more efficiently and to identify potentially profitable by-products.
''We are delighted to be associated with this first of a kind and industry-leading technology. We have validated that their technology does what it says on the packet and are honored that CCTI has placed its trust in our researchers to support the important next stage in bringing Pristine™ technology to market'' stated Richard Horner, Director, School of Energy Resources. ''The University is very pleased to support CCTI in establishing the technology commercially in the Powder River Basin, Wyoming.''
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.
Forward Looking Statements
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, 2018 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 April 26, 2019