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US Department of Commerce Awards First Exclusive Bioreactor Patent to ATI Petroleum
Wednesday, June 03, 2009
Santa Clara, CA -- ATI Petroleum (Euronext: MLATP), the petroleum exploration management and operations company, is excited to announce that the US Department of Commerce has awarded it the first patent for bioreactor technology. The bioreactor technology was created through a collaborative effort with the US Department of Energy, the EPA, and ATI Petroleum’s renewable energy division.
ATI Petroleum has conducted bioreactor trials in five locations including; one in Bakersfield, Georgia, USA, and four additional pilot plants in Vietnam. All five pilot plants are capable of generating clean renewable energy, and reducing greenhouse gases and leakage from landfills to nearly zero. Most impressively, the bioreactor trials found that not only does the technology reduce greenhouse gas effects and carbon footprint, it also reduces the waste cycle time for landfills from 40 years to no more than a 4 year decomposition time.
In the bioreactor trials, ATI Petroleum’s engineers focused on operating, for purposes of commercializing, biogas technologies to decompose various types of biological material such as algae, farm animal waste, food waste, and municipal waste. Remarkably, in addition to decomposition the methane fumes collected from the waste are also contained and converted into useable electricity generation.
"ATI Petroleum’s new model of biotechnology will revolutionize the process of converting biomass waste to electricity, while simultaneously protecting the environment – both on the land and in the air," said Dr. Huu Duc Dinh, CEO and founder of ATI Petroleum’s parent company, American Technologies, Inc.
About ATI Petroleum
ATI Petroleum is an exploration management and operations company engaged in negotiating and managing production sharing contracts for petroleum and other natural resources. The company evaluates, performs, and/or purchases geological and geophysical data regarding exploration sites throughout South East Asia and Africa, including offshore and onshore prospects. ATI Petroleum holds production sharing contracts for oil and gas exploration, as well as mining of precious minerals such as uranium and titanium, in locations including Vietnam, Niger, Tunisia, and the Ivory Coast. The company is a member of ATI Group and is listed on the French Stock Exchange, Euronext Paris under ticker symbol MLATP. Visit www.ati-petroleum.com for more information.
Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: risks related to the integration of acquisitions and the ability to market successfully acquired technologies and products; the ability of the Company to effectively compete; the inability to adequately protect Company intellectual property and the potential for infringement or breach of license claims of or relating to third party intellectual property; risks related to data and information security vulnerabilities; ineffective management of, and control over, the Company's growth and international operations; adverse results in litigation; and changes in and a dependence on key personnel, as well as other factors. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.
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