MEMPHIS, TN--(Marketwire - October 25, 2012) - Dynamic Energy Alliance Corporation (
Pursuant to the agreement in principle executed with the Company on October 11, 2012, Terpen Kraftig LLC (TK), the inventor of the TKF fractionator system, has completed the initial design, specifications and sourcing of the specialized equipment necessary to accomplish the prototype phase. Over the next two to four months, DEAC and TK plan to work together to complete the fabrication and testing of the prototype unit, anticipated to process five gallons of organic compounds per day.
Charles R. Cronin, Jr., Chairman, stated: "The prototype phase is designed to initiate the production of high value organic substances. This critical milestone is the first step in our four-part plan to complete the production environment, and we are pleased that TK has taken the lead in the advancement of this phase, as a show of good faith while we work toward completing our agreement."
The Company is progressing on a timetable in which the prototype phase commences in Q4 2012 (the current quarter), followed by Phase Two (TKF scale-up phase) starting Q1 2013. After completion of the first two phases, DEAC will be in a position to implement the TKF pilot phase, which is anticipated to begin Q1 2014 or sooner, in which it will build a pilot (demonstrator) plant with an estimated 50 gallon-per-day capacity. Phase Four will be a fully operational and modular 25 ton-per-day state-of-the-art pyrolysis plant, which the Company plans to build and operate while also focusing on the syndication of its processes to interested third parties. Completion of all phases is dependent on the Company's procurement of the appropriate funding.
DEAC is operating under the previously executed non-binding agreement in principle with TKF dated October 11, 2012, which contemplates execution of a binding definitive agreement, the terms of which still need to be negotiated in part.
The Company filed a Current Report on Form 8-k with the Securities and Exchange Commission on October 11, 2012 to disclose, among other things, the Company's non-binding agreement in principle with respect to the contemplated license
About Dynamic Energy Alliance Corporation
Dynamic Energy Alliance Corporation (DEAC), www.dynamicenergyalliance.com, is a development stage energy and recycling company focused on identifying, combining and enhancing existing technologies with proprietary recoverable production and finishing processes to produce synthetic oil, carbon black, gas, and carbon steel from waste feedstock. This process is expected to be accomplished with limited residual waste product and significant reductions in greenhouse gases compared to traditional processing. To maximize this opportunity, the Company has developed a scalable, commercial development strategy to build "Energy Campuses" with low operational costs and long-term, recurring revenues.
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Forward-Looking Safe Harbor Statement:
This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. Such forward-looking statements include, but are not limited to, statements about the transactions described herein, future financial and operating results, the combined company's plans, objectives, expectations and intentions and other statements that are not historical facts. The forward-looking statements are qualified by their terms and/or important factors, many of which are outside the Company's control, involve a number of risks, uncertainties and other factors that could cause actual results and events to differ materially from the statements made. The forward-looking statements are based on the Management's beliefs, assumptions and expectations about the Company's future performance, taking into account information currently available to the Company. The Company will update this forward-looking information only to the extent required under applicable securities laws.
For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the Commission are available from commercial document retrieval services and at the website maintained by the Commission at www.sec.gov.
Dynamic Energy Alliance Corporation
(901) 414-0003, extension 2006