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AuraSource, Inc. Announces the Filing of Four Patent Applications for Its AuraCoal Technology
Wednesday, April 07, 2010
Chandler, AZ -- AuraSource, Inc. (OTCBB: ARAO), a developer of hydrocarbon clean fuel technology, today announced that its wholly owned subsidiary, AuraSource Qinzhou Co., Ltd., filed four patent applications with the State Intellectual Property Office of the People's Republic of China.
The four separate patent applications are related to technologies associated with the AuraCoal process. The first patent is for a slurry particle breakage device, the second for a centrifuge device, the third for a jig and the final patent relates to the preparation method of ultra lower ash coal-water slurry.
The AuraCoal process is designed to remove sulfur and ash from the coal pre-combustion process which reduces energy costs and helps eliminate harmful emissions. The proprietary clean coal technology produces a coal water mixture that contains only trace amounts of sulfur and ash and constitutes a superb alternative to oil or natural gas. The AuraCoal technology will be utilized in multiple applications, including industrial boilers, power plants, iron and steel mills.
Philip Liu, AuraSource's CEO, stated, "We are extending patent protection on our proprietary technologies with the filing of these patent applications in China. These filings relate to four essential elements in its system for reducing ash and other particulates from coal in our AuraCoal process. China is a member of PCT, the Patent Cooperation Treaty (http://www.wipo.int/pct/en/). AuraSource will file PCT applications with selective countries."
AuraSource focuses on clean energy technology development. AuraSource develops and licenses the AuraFuel™ and AuraCoal™ processes. AuraSource is researching and developing other technologies related to Hydrocarbon Clean Fuel ("HCF"). AuraSource plans to sell and license products and services related to their HCF technologies in China and the United States.
For more information about AuraSource, please visit www.aurasourceinc.com.
Safe Harbor Statement
This Press Release may contain certain forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. AuraSource has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect AuraSource's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause AuraSource's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. AuraSource undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.
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