CCR Technologies Ltd. Announces New Paradigm's Biological Gas Desulphurisation Biotechnology to be Used by PrimeWest Energy Inc.Business Editors CALGARY, Alberta & HOUSTON--(BUSINESS WIRE)--Oct. 2, 2003 Second North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. application of "sulphur eating" microorganisms to process sour gas CCR 1. CCR - condition code register. 2. CCR - (Database) concurrency control and recovery. Technologies Ltd. today announced that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , New Paradigm Gas Processing Ltd. has successfully concluded a technology license agreement with PrimeWest Energy Inc. This license is for the use of New Paradigm's biological gas desulphurisation process at Prime West's Valhalla gas processing facility located at 13-21-76-9 W6M. Valhalla is approximately one hour north of Grande Prairie, Alberta “Grande Prairie” redirects here. For the city in Texas, see Grand Prairie, Texas. Grande Prairie is the main city in the northwestern part of the province of Alberta in Western Canada. . New Paradigm's technology utilizes naturally occurring sulfur oxidizing micro-organisms to simultaneously purify natural gas to sales specifications and provide 99.9+% sulfur recovery by converting H2S H2S Hydrogen Sulfide H2S How to Succeed in Business Without Really Trying (Also abbreviated H2$) H2S Heart to Soul (song) to solid, fertilizer grade sulphur. The process eliminates the need for continuous flaring and virtually eliminates hydrogen sulfide based emissions from sour gas facility vents. PrimeWest Energy Inc., which has widespread natural gas operations, intends to retrofit its Valhalla facility with the proprietary bioprocess bi·o·proc·ess n. 1. A technique that produces a biological material, such as a genetically engineered microbial strain, for commercial use. 2. . Start up of the new technology in Valhalla is scheduled for early 2004. Late last year, New Paradigm successfully commissioned the world's first high pressure application of the technology. Now in operation for over a year, the technology has demonstrated its ability to reliably and safely remove H2S with virtually zero emissions. This second application provides further affirmation that the technology is effective and economical. About New Paradigm New Paradigm is the authorized licensor of the, Shell - Paques Biological Gas Desulfurisation technology for Canadian and Central and South American applications. Developed by Shell Global Solutions International B.V. (the technology arm of Royal Dutch Shell Royal Dutch Shell plc is a multinational oil company of British and Dutch origins. It is one of the largest private sector energy corporations in the world, and one of the six "supermajors" (vertically integrated private sector oil exploration, natural gas, and petroleum product ) and Paques Bio Systems B.V. this breakthrough gas treating technology utilizes naturally occurring microorganisms to treat gas and liquid streams which contain hydrogen sulfide. For further information about New Paradigm, visit their web site at www.npgas.ca. About CCR Technologies CCR Technologies is a leading technology solutions company focused on the purification of process chemicals and sweetening of sour gas through the innovative use of proprietary patented technologies. Shares of CCR Technologies Ltd. trade on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol "CRL CRL - Carnegie Representation Language. Carnegie Group, Inc. Frame language derived from SRL. Written in Common LISP. Used in the product Knowledge Craft. ". The above disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond CCR's control, including: the impact of general economic conditions in Canada and in countries in which CCR and its subsidiaries currently do business, industry conditions, increased competition, the lack of available qualified personnel or management, equipment failures, fluctuations in product prices and in foreign exchange or interest rates and stock market volatility. CCR's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits CCR will derive there from. |
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