Agro Management Group and Sterling Bio-Technologies' Bio-Based Engine Oil Contender for ``World's Best Technology''.Business Editors COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Feb. 11, 2004 The World's Best Technologies Showcase (WBT See Windows-based terminal. ) (www.WBT04.com) announced today that Agro Management Group's bio-based engine lubricant technology used in Sterling Grade(TM) lubricant products has been selected as one of the 25 World's Best Technologies for 2004. Produced by the National Association of Seed and Venture Funds and the Federal Laboratory Consortium for Technology Transfer, the WBT is an international event showcasing seed and pre-seed stage technologies developed at the nation's top universities, federal labs, and federally supported research and development institutions. The last WBT showcased 37 world-class technologies to over 60 seed funds and corporate investors. Those exhibitors have raised $24 Million and three were named to Fortune Magazine's list of hottest startups of 2002. Agro's 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. , Jim Lambert, commented: "The selection of our bio-based engine lubricants as a showcase technology demonstrates increasing market demand for renewable products. Agro Management Group is honored to have our technology included by the WBT within the ranks of 'World's Best'." After ten years of research, development and testing, Agro joined forces with Sterling Bio-Technologies Corporation to market bio-based engine lubricants under the Sterling Grade(TM) brand name throughout North America. The first commercial-scale production of Sterling Grade(TM) engine oil for automotive and small engine applications is scheduled to be completed in early March 2004. The development of Agro's patented technology has been supported by funding from the USDA USDA, n.pr See United States Department of Agriculture. , United Soybean Board, DOE and private investors. Tests conducted by recognized third-party laboratories demonstrate key benefits of Agro's bio-based lubricants in comparison to petroleum-based lubricants, including reduced engine wear and significant reductions in environmentally harmful tailpipe emissions. About Agro Management Group, Inc. Agro Management Group, based in Colorado Springs, Colorado The City of Colorado Springs is the second most populous city (after Denver) in the state of Colorado and the 48th most populous city in the United States.[4] The city is the county seat of El Paso County. , has received one patent for its proprietary vegetable oil lubricants process and another for utilization in internal combustion engines. Long recognized as a source of superior properties for lubricants, prior to Agro's break-through research, bio-based oils lacked the oxidative stability needed for use in a high-temperature crankcase crank·case n. The metal case enclosing the crankshaft and associated parts in a reciprocating engine. crankcase Noun the metal case that encloses the crankshaft in an internal-combustion engine environment. Agro is currently working with the U.S. Navy and DOD (1) (Dial On Demand) A feature that allows a device to automatically dial a telephone number. For example, an ISDN router with dial on demand will automatically dial up the ISP when it senses IP traffic destined for the Internet. under a Cooperative Research and Development Agreement “CRADA” redirects here. For other uses, see CRADA (disambiguation). A Cooperative Research and Development Agreement (CRADA) is an agreement between a government agency and a private company to work together. (CRADA CRADA Cooperative Research And Development Agreement ) to develop technology for diesel engines. About Sterling Bio-Technologies Corporation Sterling Bio-Technologies, based in Sterling, Colorado, is a joint venture partner with Agro Management Group formed for the purpose of commercializing Agro's proprietary technology for the production of bio-based lubricants. Produced and marketed under the brand name "Sterling Grade(TM)," the lubricant products are made from a base stock derived entirely from oilseed oilseed the seeds of the linseed plant, rapeseed or canola, peanut, safflower (Carthamus tinctorius); biproduct oils from seeds include corn, grapeseed, olive, sesame, sunflower. crops, including canola, sunflower and soybean. |
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