Clyvia Grants Exclusive Distribution Rights for the Netherlands.WEGBERG, Germany -- Clyvia Technology GmbH (the "Company") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CLYV) announced today that it has entered into an agreement with Bureau Wiebes & Partners Ltd. ("Bureau Wiebes") of Rotterdam, Ned. under which the Company will grant to Bureau Wiebes the right to act as its exclusive distributor in the Netherlands. Under the agreement, once Clyvia has developed working prototypes of its fractional deploymerization systems, Bureau Wiebes will have the exclusive right to distribute these systems and peripheral products in the Netherlands. Systems purchased and distributed by Bureau Wiebes will be sold under their own name. Upon the Company having successfully developed working prototypes, the agreement will extend for a term of three years, and will automatically extend for an additional three years unless otherwise terminated. The hope is that Bureau Wiebes will be able to sell at least five Clyvia fractional depolymerization depolymerization /de·po·lym·er·iza·tion/ (de?po-lim?er-i-za´shun) the conversion of a polymer into its component monomers. depolymerization systems per year. The prices for any systems to be delivered to Bureau Wiebes under this agreement will be determined by the Company based upon the technical specifications of the systems ordered. The fractional depolymerization systems being developed by Clyvia are designed to produce heating oil and diesel out of oil-based, plastic and organic waste materials. The technology involves a process similar to cracking crude oil. Long hydrocarbon chains are split at a temperature of 400 degreesC, which are then evaporated evaporated reduced in volume by evaporation; concentrated to a denser form. and precipitated in a condenser condenser Device for reducing a gas or vapour to a liquid. Condensers are used in power plants to condense exhaust steam from turbines and in refrigeration plants to condense refrigerant vapours, such as ammonia and Freons. as heating oil or diesel. In addition to offering new waste disposal solutions to public and private waste management companies, the Company believes that its technology will offer many industrial and business enterprises with a cost-effective method for processing waste materials. The Company hopes to be able to develop systems based on its technology capable of processing between 4,000 to 40,000 tonnes of waste per year, with the goal of being able to offer customized systems able to meet the individual needs of the operator. Clyvia Technology GmbH is a subsidiary of Clyvia Inc., a Nevada, USA corporation. Clyvia's shares are traded on the stock market in Frankfurt (WKN WKN Wertpapier-Kenn-Nummer (identifying number assigned to securities traded in Germany) WKN Warrior Knowledge Network (US Army) : A0F59X, ISIN Isin (ĭs`ĭn), capital of an ancient Semitic kingdom of N Babylonia. The city became important after the third dynasty of Ur fell to the Elamites and the Amorites (c.2025 B.C.). The phase from c.2025–c.1763 B.C. : US18975K1088) as well as on over-the-counter market over-the-counter market Trading in stocks and bonds that does not take place on stock exchanges. Such trading occurs most often in the U.S., where requirements for listing stocks on the exchanges are strict. in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. (OTCBB:CLYV). This Press Release may contain, in addition to historical information, forward-looking statements. These forward looking statements are based on management's expectations and beliefs, and may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. In particular, readers are cautioned that the Company is still in the process of developing systems based on its fractional deploymerization technology and that there are no assurances that the Company will be able to develop marketable products based on that technology. In addition, there are no assurances that the Company's contract with Bureau Wiebes will result in the sale of any products that it develops. Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release. CLYVIA INC. WALTER P.W. NOTTER, Chief Executive Officer and President Clyvia Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :CLYV) |
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