MEMPHIS, Tenn., June 5, 2012 (GLOBE NEWSWIRE) -- Dynamic Energy Alliance Corporation (OTCQB:DEAC), today announced that its intellectual property subsidiary, Dynamic Energy IP, LLC, has entered into a definitive agreement under which it will acquire the exclusive worldwide license to use certain high-output Pyrolytic Augmentation technologies. Among these technologies is a series of specialized chemical compounds and related technologies that management believes will substantially increase future production output from waste tires converted into synthetic oil and carbon products.
These license rights extend to pending patents and trade secrets, and encompass DEAC's use of the technology for its own products and for plant design, and permit DEAC's conveyance of sub license rights to DEAC's future licensees, joint venture partners and others, for its Pyrol Black Energy Campus structure. In exchange for the license, its grantor R.F.B., LLC, Prairie Village, Kansas, will receive a small block of restricted DEAC Common stock, and the Company will pay licensee fees over the license term based on both gallons of high value organics produced utilizing the RFB technology, and a formula based on a percentage of net profits DEAC realizes from the recovery of all energy products from oil sands or tar sands over the term of the contract (regardless of technology used). The contract has a term of 25 years, or 20 years from the date of issuance of patents, whichever is shorter.
Charles R. Cronin, Jr., Chairman of Dynamic Energy Alliance Corporation, stated: "We expect this technology to play a crucial role in optimizing our production of a group of specific compounds that are of particular value to our Company, and it will further reduce what little waste occurs during the overall pyrolysis process. Utilizing this R.F.B. technology, we believe, will help lower the total capital cost of the pyrolysis manufacturing facilities envisioned in our business plan."
Mr. Cronin continued: "The technology to be acquired from R.F.B. will provide a tool that controls the crucial quality parameters of the pyrolysis processes to produce carbon black solids and synthetic oil. It also offers a way to control the relative amounts of gases and liquids produced during pyrolysis."
The Company filed a Current Report on Form 8-k with the Securities and Exchange Commission on June 5, 2012 to disclose, among other things, the Company's entrance into the definitive agreement described herein.
About Dynamic Energy Alliance Corporation
Dynamic Energy Alliance Corporation (DEAC), www.dynamicenergyalliance.com, is a development stage energy and recycling company focused on identifying, combining and enhancing existing technologies with proprietary recoverable production and finishing processes to produce synthetic oil, carbon black, gas, and carbon steel from waste feedstock. This process is expected be accomplished with limited residual waste product and significant reductions in greenhouse gases compared to traditional processing. To maximize this opportunity, the Company has developed a scalable, commercial development strategy to build "Energy Campuses" with low operational costs and long-term, recurring revenues.
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