AETE Begins Negotiation of Cellulosic Biocrude Contract.HOUSTON -- The Alternative Energy Technology Center, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :AETE AETE Aerospace Engineering Test Establishment (Canada) AETE Aquatic Effects Technology Evaluation (MMS Canada) AETE Apple Event Terminology Extension ) announced today that it is currently negotiating a contract for the first commercial production of cellulosic biocrude in the United States. The biocrude will be manufactured from true cellulosic biomass such as sawdust and switchgrass switchgrass see panicumvirgatum. . Biocrude is a cellulosic biofuel bi·o·fuel n. Fuel such as methane produced from renewable resources, especially plant biomass and treated municipal and industrial wastes. bi that can be burned in certain large commercial engines. "We expect our biocrude product to demonstrate both the validity of our technology and the efficiency of cellulosic biofuels as part of America's energy future," stated Brown Marks, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AETE. "Building on the technology we acquired through Meridian Biorefining, we are developing America's first truly integrated biorefining capability," he added. The Company: The Alternative Energy Technology Center, Inc. (OTC:AETE), based in The Woodlands, TX , is a technology company focused on biofuels and alternative energy technologies. It is developing the first true biorefinery in the U.S. It will focus on technologies using renewable energy inputs from non-food energy sources and on technologies that can be scaled up to efficiently address the post-petroleum energy needs of the United States. For more information see, www.Altenergytechcenter.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof. |
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