MEMPHIS, Tenn., Sept. 18, 2012 (GLOBE NEWSWIRE) -- Dynamic Energy Alliance Corporation (OTCQB:DEAC), today announced that its intellectual property subsidiary, Dynamic Energy IP, LLC, has completed the acquisition of the exclusive worldwide license to a series of specialized chemical compounds and related technologies from R.F.B., LLC, Prairie Village, Kansas.
Compensation payable to R.F.B. for the license include 100,000 restricted shares of DEAC Common stock and licensee fees over the license term based on both gallons of high value organics produced utilizing the R.F.B. technology, and based on 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: "This acquisition is an important step for DEAC because it improves our waste tire pyrolysis process by changing the chemical reaction that's part of the de-vulcanization process used to convert the tires' rubber, and other waste rubber, into valuable products. A reactor technology included in the license will allow DEAC to recover additional high value organic compounds during tire processing, which management believes will increase the volume of oil and carbon black the Company will be able to extract from the tires. It will also enable us to convert waste tires at lower temperatures, allowing for lower energy and maintenance costs."
The technology's versatility is also an advantage for DEAC, as it can be utilized in a variety of types of pyrolysis equipment, regardless of the power source.
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.
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 to 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.
Receive your DEAC news faster and from the Company itself. Sign up for our express mail list at DEAC Email Alerts.
Forward-Looking Safe Harbor Statement:
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. Forward-looking statements speak only as of the date they are made, are based on various underlying assumptions and current expectations about the future. We caution readers that any forward-looking statements are not guarantees of future performance and that actual results could differ materially from those contained or implied in the forward-looking statements. Such forward-looking statements include, but are not limited to, statements about the transactions described herein, future financial and operating results, the combined company's plans, objectives, expectations and intentions and other statements that are not historical facts. In some cases, you may identify forward-looking statements by words such as "may," "should," "plan," "intend," "potential," "continue," "believe," "expect," "predict," "anticipate" and "estimate," the negative of these words or other comparable words. These statements are only predictions. One should not place undue reliance on these forward-looking statements. The forward-looking statements are qualified by their terms and/or important factors, many of which are outside the Company's control, involve a number of risks, uncertainties and other factors that could cause actual results and events to differ materially from the statements made. The forward-looking statements are based on the Management's beliefs, assumptions and expectations about the Company's future performance and the future performance of its subsidiaries, taking into account information currently available to the Company. These beliefs, assumptions and expectations can change as a result of many possible events or factors not all of which are known to the Company. The Company will update this forward-looking information only to the extent required under applicable securities laws. Neither the Company nor any other person assumes responsibility for the accuracy or completeness of these forward-looking statements.
For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the Commission are available from commercial document retrieval services and at the website maintained by the Commission at www.sec.gov.