EVEN YEHUDA, ISRAEL — (Marketwired) — 12/01/14 — (OTCQB: BLSP) (the “Company” or “Bluesphere”), a clean energy company that develops, manages and owns waste-to-energy projects, announced today that its technology division has acquired the rights for “fast charge battery” technology. Bluesphere has been focusing on energy and technology and after exhaustive research and due diligence has acquired the licensing rights to this exciting technology.
In the coming weeks Bluesphere will be providing full disclosure and information on this exciting technology, which, it is hoped, will create the initial revenue stream in the technology division.
Bluesphere CEO Shlomi Palas stated that, “the long-term focus of Bluesphere includes our Bluesphere Technology division. We have been working on this division from the very beginning as we felt that energy and technology were two major markets to participate in. Bluesphere technology has been reviewing and completing due diligence on what we believe is a market changer, that being the technology for a fast charge lithium Ion battery. The lithium-ion battery is a staple in major sectors of daily technology people use every day and there are 3 major dissatisfactions in the consumer market with the lithium-ion battery, those are:
1. Safety
2. Charging
3. Lifecycle
This new technology which Bluesphere has obtained the licensing rights for provides the solution in all three of these consumer concerns as it is expected to recharge 70% in 2 minutes and increase the life cycle from 2-3 years to over 20 years. In the coming weeks, we will be disclosing the full overview and value statement of this exciting technology.”
Bluesphere is in the business of generating electricity from biogas derived from organic waste, which is mostly food waste, and selling this electricity to leading electric companies through long-term power purchase agreements. Waste-to-energy is one of the fastest growing segments in the renewable energy markets. According to SBI Energy, the thermal and biological segments reached $6 billion in 2012 and will reach $29 billion by 2022.
For further information please contact Mark Radom at 972 52 798 0831 or or go to
Bluesphere Corporation is a company in the cleantech sector as a waste-to-energy project Integrator. Bluesphere develops waste-to-energy and other renewable energy projects. The Company aspires to become a key player in the global waste-to-energy and renewable energy markets. For further information please visit the Company–s website
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term is defined in the Private Litigation Reform Act of 1995, which are subject to risks and uncertainties and may change at any time. These statements are only predictions and involve known and unknown risks, uncertainties and other factors including, without limitation, (i) uncertainties regarding our ability to obtain adequate financing on a timely basis including financing for specific projects, (ii) the financial and operating performance of our projects after commissioning, (iii) uncertainties regarding the market for and value of carbon credits and other environmental attributes, (iv) political and governmental risks associated with the countries in which we operate, (v) unanticipated delays associated with project implementation including designing, constructing and equipping projects, as well as delays in obtaining required government permits and approvals, (vi) the development stage of our business and (vii) our lack of operating history. As such, there is no assurance that the initiatives described in the press release will be successfully implemented or meet expectations.
The Company assumes no obligation to update the information in this release.
Contact:
Karl Schilling
321-250-1445