2012-02-15 06:54:20 -
Vancouver, British Columbia CANADA, February 14, 2012 /FSC/ - LCTI Low Carbon Technologies International Inc. (ENC.H - TSX Venture), Further to the Company's prior news releases, the Company is pleased to report that LCTI Low Carbon Technologies International Inc. will begin trading under the symbol LCT on the Canadian National Stock Exchange on February 15th 2012.
The Company - LCTI Low Carbon Technologies Inc. (LCTI) is a USA company which has acquired operating businesses, real estate assets, and low carbon energy technologies. LCTI utilizes these technologies in the development of low carbon energy projects and low carbon energy complexes. LCTI also combines the technology licenses with the operating businesses creating value for each. LCTI focuses on acquiring a wide range
of assets and businesses that are related to and complementary to each other. LCTI also issues sub-licenses to third parties for each technology and in exchange for these technology licenses LCTI receives project equity and licensing royalties.
The company's subsidiary's audited financial statements as at August 31, 2010 show net shareholder's equity of USD $39,139,899. These financial statements were audited by a Vancouver firm of chartered accountants. The company's subsidiary's unaudited financial statements as at May 31, 2011 show net shareholder's equity of USD $58,432,218. These financial statements were reviewed by the same Vancouver firm of chartered accountants.
*Progress to Date:
a) The Company has secured the rights to 18 Low Carbon Technologies.
b) The Company had secured via lease or purchase in excess of $4B in real estate assets including sites for the location of a LCTI Low Carbon Energy Complex and three (WTE) waste to energy facilities.
c) The Company is in the beginning stages of development of three (WTE) waste to energy facilities.
d) The Company has purchased revenue generating operating businesses
e) The Company through an affiliate is in final stages of receiving approval of a 1900 acre Wetland
f) Mitigation Credit bank.
g) The Company has contracts of USD $33,555,928 in 2011. The contracts are in various stages of completion and they are funded by cash flows of the company and the company has no financing obligations as it relates to these contracts.
*Progress to date list is not an all-inclusive list of the company's progress to date. It is a merely a sampling of the Company's progress to date.
Summary information follows:
Operations - The operations of LCTI, including its subsidiaries, are currently divided into the following six divisions:
1) LCTI's Low Carbon Energy division intends to manufacture, build, own and operate modular biomass and/or waste fired power plants generating renewable power to national grid systems, local municipalities, as well as mining and manufacturing operations which are approved for carbon accreditation.
2) LCTI's Low Carbon Real Estate Management division initiates, structures and manages real estate assets in commercial, industrial and residential markets. These assets assist subsidiaries and partners in the future development of the low carbon energy project and low carbon energy complex business model with plans for energy generation, environmental credit development, manufacturing and assembly of low carbon technologies. The division has secured control of in excess of $4B in real estate assets.
3) LCTI's Low Carbon Technology Management division is actively seeking to expand its existing portfolio of low carbon technologies. LCTI's current portfolio of low carbon technologies are to be utilized to provide growth opportunities for sub-licensees, current and future affiliates and subsidiaries. To date, LCTI has acquired licensing rights to eighteen technologies in various stages of development. As of May 31st 2011 these low carbon technology licenses have an unaudited net book value of USD $3,718,750.
4) LCTI's Low Carbon Mitigation Credits division through an affiliate is in the final stages of receiving the approval of a 1,900 acre mitigation bank. LCTI plans to work with its current affiliate to expand the current mitigation bank within the current real estate asset portfolio that LCTI owns adjacent to the current mitigation bank. As of August 31st 2010 LCTI's subsidiary had audited value of its mitigation land assets of USD $31,117,000 and as of May 31st 2011 had an unaudited value of its mitigation land assets of USD $31,117,000.
5) LCTI's Low Carbon Energy Efficiency division provides a broad range of comprehensive energy solutions including designs and implementation of energy savings projects, energy conservation, energy infrastructure outsourcing, power generation and energy supply, and risk management.
6) LCTI's Low Carbon Project Management division offers project management, consulting and engineering services for low carbon energy projects and the development of low carbon energy complexes. LCTI receives negotiated fees for these services
Current Subsidiaries & Affiliates
Teposolar Technologies Corp. currently operates a full service energy efficiency firm that focuses on large scale institutional clients and energy efficiency projects. The company intends to expand into building integrated and commercial solar projects that offer savings in operating costs for commercial and industrial developments. The company had audited revenues in 2010 of USD $21,274,581 and after tax earnings of USD $735,145.
Project Green Lonestar 1 Corp. ("PGL") is LCTI's real estate management division which initiates, structures and manages the acquisition of real estate in commercial, industrial and residential markets. PGL seeks properties that have synergies with the goals of LCTI, its subsidiaries and affiliates.
Sangreal Scientific Corp. exploits certain technologies that are utilized in the unconventional natural gas reserves market, primarily high nitrogen natural gas in the United States and internationally. As of Aug 31st 2010 the subsidiary company has audited oil and gas assets valued at USD $4,879,075 and as of May 31st, 2011 the subsidiary company has unaudited oil and gas assets valued at USD $4,896,690.
East Bay Farms, LLC, an affiliate LCTI company, operates an environmental credit program which is progressing with LCTI's land mitigation business. East Bay is in the process of receiving approval for a 1,900 acre wetland mitigation bank. When approved, this mitigation bank will provide mitigation credits that will compensate for adverse impacts to U.S. Coastal and wetland areas. East Bay Farms, LLC also has exclusive water rights to East Bay Bayou in Chambers County, Texas. LCTI currently owns 27.5% of East Bay Farms LLC. As of May 31st 2011 LCTI's interest in East Bay has been valued at USD $14,972,500 in LCTI's unaudited financial statements.
Entropy Power Corp. intends to manufacture, install, own and operate modular biomass and/or waste fired power plants generating renewable power to national grid systems, local municipalities, as well as mining and manufacturing operations which are approved for carbon accreditation.
Real Estate Assets: The following table summarizes the real estate assets that are owned or leased by
LCTI.
-
-
Asset Approximate Location Owned/Leased/
Acreage Anticipated
Project *
-
Land 12,105acres Sonora, Mexico Leased/purchase/Biomass
feedstock
-
Land 1,112 acres Sonora, Mexico Leased/purchase/TBD
-
Land 904 acres Campeche, Mexico Leased/purchase/Waste
to Energy Plant
-
Land 13 acres Beaumont, TX Leased/purchase/ Waste
to Energy Plant
-
Land/Commercial 3640 acres, Iuka, MS Leased/Low Carbon
Development -+850,000 sq. ft Energy Complex
commercial and
industrial space
-
Land 25 acres Bolivar, TX Leased/purchase/TBD
-
Land 30 acres Bolivar, TX Leased/purchase/TBD
-
Land 1 acre Bolivar, TX Leased/purchase/ TBD
-
Land 80 acres Bolivar, TX Leased/purchase/ TBD
-
Land 35 acres Bolivar, TX Leased/purchase/ TBD
-
Land 40 acres Bolivar, TX Owned/ Waste to Energy
Plant
-
Land 30 acres Bolivar, TX Owned/Waste Water
Treatment
-
Land ~4,000 acres Bolivar, TX Owned/Mitigation Bank
-
Land 1,900 acres High island, TX Owned/Mitigation Bank
-
*-
*Projects are subject to change.
Low Carbon Technologies: The following table summarizes the low carbon technologies that are part of this portfolio licensed to LCTI.
-
-
Brief Description Capability/Design
-
Atmospheric electrical energy To harvest electrostatic energy from
harvesting technology the atmosphere and convert it into
readily usable DC and/or AC power
-
Active thermoregulation technology Concentration, storage and
recirculation of high
and low temperature liquids for
active thermoregulation of the built
environment
-
Bio-composite building components Efficient use and processing of
and system production technology recyclable/low embedded energy
materials into built environments
-
Controlled environmental Utilizing the controlled
horticulture technology Environmental infrastructure and
distilled water of desalination
systems to efficiently and
sustainably produce highly
nutritional plants
-
Energy storage technology Efficient storage of thermal and
Electrical energy
-
Electrowinning of precious and Efficient extraction of precious and
rare earth Rare earth metals metals, including decontamination
-
Centrifugal materials processing Efficient processing of liquids and
System powders to increase materials
efficiency and reduces energy
consumption, including concrete
structure mass reduction
-
Desalination and salt production Efficient mineral extraction from
Saline solutions without chemical
additives to produce distilled water
and pure salt
-
Kinetic energy (water and wind) Efficient conversion of
Conversion environmental kinetic energy into
mechanical, thermal, or electrical
power
-
"Skysails" for shipping High power traction kites to reduce
Marine transport costs
-
Concentrated solar energy capture Efficient conversion of solar
and power conversion radiation into thermal and/or
electrical energy
-
Concentrated PV technology Enables conventional PV chips to be
Doped turning them into multi-sun
chips enabling use of lower cost
concentrators to focus sunlight PV
chips
-
Nano-Carbon Fiber Production of nano-carbon fiber from
waste with minimal energy
consumption
-
Efficient transport technology Ultra-light, efficient transport
solution using high strength
materials and efficient energy
storage
-
Low cost zero carbon power and Continuous cycle oil reservoir gas
CO(2) Sequestration injection, CO(2)sequestration,
enriched gas production carbon power
generation
-
Bison Vehicles Technology for hybrid military
Vehicles
-
LED lighting High efficiency LED streetlight
-
Advanced Conversion Technology Waste to Energy conversion plant
technology
-
*-
Detailed information, including financial information, can be found in the Listing Statement which will be available on the website of CNSX at www.cnsx.ca.
Further news will be announced as appropriate
For further information, please contact:
Responsible Officer: Bryan Scott Jarnagin CEO/President
Address: 4010 Bluebonnet Ste. 209 Houston, TX 77025
Direct Line: (832) 267-8424
Email:
scottj@lctiinc.com
Website:
www.lctiinc.com
The Canadian National Stock Exchange has neither approved nor disapproved the contents of this press release.
FORWARD LOOKING INFORMATION The statements made in this press release may contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of LCTI Low Carbon Technologies International Inc. The words "will", "may", "anticipate", "intend", "plan" and similar words and expressions are used to identify forward-looking information. The actual results of the specific items described in this release, and the Company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of LCTI Low Carbon Technologies International Inc. management as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the Company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the Company. LCTI Low Carbon Technologies International Inc. disclaims any obligation to update information contained in any forward-looking statement.
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Source: LCTI Low Carbon Technologies International Inc. (TSX-V: ENC.H)
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