Top Government Researcher Joins Private-Sector Leader, DynaMotive, in Energy/Environmental Partnership with Canadian Forest Service.Energy Editors/Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 9, 2003 The Canadian Forest Service The Canadian Forest Service (CFS) is a sector of the Canadian government department of Natural Resources Canada. Part of the federal government since 1899, the CFS is a science-based policy organization responsible for promoting the sustainable development of Canada's forests and (CFS CFS abbr. chronic fatigue syndrome CFS, n.pr See syndrome, chronic fatigue. CFS Chronic fatigue syndrome, see there ) of Natural Resources Canada Natural Resources Canada (NRCan) is a department of the government of Canada responsible for natural resources, energy, minerals and metals, forests, earth sciences, mapping and remote sensing. and DynaMotive Energy Systems Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DYMTF) are teaming-up in an effort to help secure new projects and speed market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" of DynaMotive's renewable energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation. technology, Fast Pyrolysis py·rol·y·sis n. Decomposition or transformation of a chemical compound caused by heat. pyrolysis (pīrol´isis), n , that converts biomass into a liquid fuel. As part of the Agreement signed by DynaMotive and the CFS's Great Lakes Forestry Centre (GLFC GLFC Great Lakes Fishery Commission (Canada-US Joint Commission) ), in Sault Ste Marie, Ont., the GLFC has agreed to second one of its top researchers, Dr. Luc C. Duchesne, to DynaMotive, the company responsible for developing the patented Fast Pyrolysis or BioOil technology. During his assignment, he will serve as DynaMotive's Chief Forester. According to the Agreement, Dr. Duchesne will continue using his workspace at the GLFC while serving on the DynaMotive management team. Additionally, GLFC will help facilitate DynaMotive's efforts to find other partners and secure the biomass resources and funding needed to develop BioOil plants in Sault Ste Marie and other areas of Northern Ontario. Dr. Duchesne's extensive experience and valuable network of professional contacts within the forestry industry in Ontario are expected to expedite the introduction and application of DynaMotive's technology. The Agreement covers joint work to be completed over a two-year period, beginning Aug. 16, 2003. "The Canadian government and DynaMotive share a strong commitment to making BioOil a commercially-viable alternative for use in producing electricity," said DynaMotive President & 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. , Andrew Kingston. "By enabling Dr. Duchesne to commit to this project and work with DynaMotive full-time, the Canadian government is sending a clear message that it wants to increase the contribution that innovative, renewable and green house gas neutral technologies, like BioOil, make to the country's overall energy supply." Kingston added that Dr. Duchesne is internationally acclaimed for his research and promotion of the non-timber forest industry, which includes all commodities generated from the forests other than traditional timber values, like lumber and paper products. At DynaMotive, he will apply that expertise to the development of community-based energy solutions. "The development and eventual application of fast pyrolysis technology in this region promises tremendous economic and environmental benefits," said Kingston. "Natural Resources Canada has been very active in bio-energy research and development for over twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. . Partnering with DynaMotive on this initiative, and combining our worldwide expertise and leadership, will add research momentum and get BioOil generating facilities up and running much more quickly. "I'm confident that, working together, DynaMotive and GLFC will provide a viable alternative to fossil fuels, and succeed in developing large-scale electricity generating facilities in this region that are fueled by wood waste." Geoff Munro, Director General of GLFC, echoed Kingston's comments, calling the partnership with DynaMotive "a great opportunity to bridge government and industry research." He also said that DynaMotive "has developed significant technology that will contribute greatly to the economic security of northern Ontario, stimulate regional economies and help Canada meet Kyoto commitments." Both Kingston and Munro cited Dr. Duchesne's credentials as a government researcher, academician and valuable partner to private-sector companies that are working to develop energy and environmental solutions. Said Dr. Duchesne, "I welcome this opportunity to work with a team of highly talented individuals. All of my career I have worked at making a positive difference in the lives of people in forest communities using non-timber values. I'm excited that DynaMotive's technology will enable us to create energy independent forest communities." A 13-year veteran of the Canadian Forest Service, Dr. Duchesne earned a bachelor's degree in Forestry from Laval University in 1983, and a master's degree in Forestry from the University of Toronto Research at the University of Toronto has been responsible for the world's first electronic heart pacemaker, artificial larynx, single-lung transplant, nerve transplant, artificial pancreas, chemical laser, G-suit, the first practical electron microscope, the first cloning of T-cells, in 1985. He also earned a doctorate in Botany Biochemistry from the University of Guelph The University of Guelph is a medium-sized university located in Guelph, Ontario, established in 1964. While the U of G offers degrees in many different disciplines, the university is best known for its focus on life sciences, based in part on a long-standing history of in 1988, and completed Professional Development Forums in Molecular Genetics molecular genetics n. The branch of genetics that deals with hereditary transmission and variation on the molecular level. , Molecular Biology molecular biology, scientific study of the molecular basis of life processes, including cellular respiration, excretion, and reproduction. The term molecular biology was coined in 1938 by Warren Weaver, then director of the natural sciences program at the Rockefeller and Plant Biotechnology at other major universities. He taught and supervised at seven universities, and has published more than 85 scientific articles, book chapters and books. Among his many professional awards, Dr. Duchesne earned the prestigious 5NR award, which is given to leaders in sustainable development by Canada's five federal government departments dealing with natural resources (Agriculture and Agri-Food Canada The Department of Agriculture and Agri-Food, also referred to as Agriculture and Agri-Food Canada (AAFC) (French: Agriculture et Agroalimentaire Canada), is the department of the government of Canada with responsibility for policies governing agriculture , Environment Canada, Fisheries and Oceans Canada Fisheries and Oceans Canada (DFO), is the department within the government of Canada that is responsible for developing and implementing policies and programs in support of Canada's economic, ecological and scientific interests in oceans and inland waters. , Health Canada and Natural Resources Canada). DynaMotive is an energy systems company focused on the development of innovative energy solutions based on its patented fast pyrolysis system. Through the application of fast pyrolysis, DynaMotive has shown how to unlock the natural energy found in the world's abundant organic resources (traditionally discarded by the agricultural and forest industries), and economically convert them into a renewable, environmentally friendly fuel. DynaMotive has successfully demonstrated conversion of these residues into fuel known as BioOil, as well as char. GLFC, located in Sault Ste Marie, is one of five CFS research establishments across Canada that are part of Natural Resources Canada (NRCan). As part of the CFS, GLFC is charged with promoting the sustainable development of Canada's forests and competitiveness of the Canadian forest sector for the well being of present and future generations of Canadians. It fulfills this mission by carrying out federal forest research and policy development in Canada, including forming strategic partnerships and playing a major role in national programs on climate change, impacts on forests, forest fires, forestry socio-economics, bio-diversity, forest health monitoring and landscape management. Forward-Looking Statement forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Statements in this news release concerning the company's business outlook or future economic performance; anticipated profitability, revenues, expenses, or other financial items; and statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters, are "forward-looking statements" as that term is defined under the Federal Securities Laws. Forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from those stored in such statements. Such risks, uncertainties and factors include, but are not limited to, future capital needs, changes and delays in product development plans and schedules, customer acceptance of new products, changes in pricing or other actions by competitors, patents owned by the Company and its competitors, and general economic conditions, as well as other risks detailed in the Company's filings with the Securities and Exchange Commission |
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