Clean Coal Technologies, Inc. Announces Receipt of Funding And The Restart Of Fabrication Of Its Test Facility In Tulsa, Oklahoma
NEW YORK, NY / ACCESSWIRE / May 13, 2015 / Clean Coal Technologies, Inc., (CCTC) ("CCTI" or the "Company"), an emerging cleaner-energy company utilizing patented technology to convert raw coal into a cleaner burning and more efficient fuel, today announced recommencing the fabrication of its test facility in Tulsa, Oklahoma, following receipt of initial financing from Black Diamond Financial Group. "We are delighted to announce that we have secured funding to restart the fabrication of our test facility. We have worked diligently to renegotiate contracts with the fabricators, electricians and with our EPC contractor for the completion of the test facility. With the completion of the fabrication of the test facility expected within the next 12 weeks, we believe that we have a clear and defined path to commercialization of our technology for cleaner burning coal. Upon completion, the test facility will be moved to a coal fired power facility in Oklahoma for independent testing by LEIDOS. I would like to thank Black Diamond Financial Group who have partnered with us to secure this financing. The world needs a clean coal technology and we are confident and excited that Clean Coal Technologies, Inc. has the solution that this space so greatly needs," said Robin Eves, CEO and President of CCTI.
Mr. Patrick Imeson, the Managing Partner of Black Diamond Financial Group commented, "We are excited to be able to support this incredibly important technology in the coal space and are pleased to be partnering with the management of CCTI to bring the technology to the global markets as soon as possible."
Corporate Update Webcast
Management will host a webcast on Wednesday, May 20, 2015 at 10.00AM ET to provide an update on recent developments. Please refer to our website at http://client.irwebkit.com/cleancoaltechnologies/events for dial in details.
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(TM)" 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, 2013 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.
For More information please contact:
Clean Coal Technologies, Inc.
295 Madison Avenue, 12th Floor
New York, NY 10017
Phone: (646) 727-4847
SOURCE: Clean Coal Technologies, Inc.
Released May 13, 2015