Business & Finance
Business and Finance
Business and Finance
Mon, September 21, 2009 Clenergen Corporation: Clenergen Corporation (OTCBB: CRGE) Launches Biomass Research Project With Leading Indian University
NEW YORK, NEW YORK--(Marketwire - Sept. 21, 2009) - Clenergen Corporation (OTCBB:CRGE) today announced that it has received approval from Madurai Kamaraj University, a University set up by the Government of Tamilnadu, India in 1966, to undertake a research project on behalf of Clenergen to develop and apply new scientific techniques to enhance growth of [ biomass ] crops and to develop best agronomical practices for optimum utilization of available natural resources to maximize yield.
Clenergen has accepted the terms of the technical engagement and the project will commence from the first week of October 2009. The Department of Bioenergy, School of Energy, Environment and Natural Resources of the University will execute the project for Clenergen. Dr K. Muthuchelian is currently the Director for Biodiversity and Forest Studies at the Madurai Kamaraj University, and Professor and Head of the School of Energy, Environment and Natural Resources at Madurai Kamaraj University, Madurai.
Prof. K. Muthuchelian has been nominated as Fellow of International Energy Foundation (FIEF) by International Energy Foundation, Saskatchewan, Canada, elected as Fellow of National Academy of Biological Sciences (FNABS) by National Academy of Biological Sciences, India and awarded the academically high Prestigious Degree of "Doctor of Science" (D.Sc.) by Madurai Kamaraj University.
Madurai Kamaraj University, accredited as an A' Category University, funded by the University Grants Commission, is based in Madurai, in the heartland of the agricultural belt of Tamilnadu State It is one of the oldest and prestigious Universities of South India and is known for it's path breaking and pioneering efforts in development of agriculture in Tamilnadu. The School of Energy, Environment and Natural Resources has a dedicated Department of Bioenergy which specializes in Biomass Crops and undertakes various projects on behalf of the Government of Tamilnadu. The School, which has state of the art infrastructure and laboratories, is home to eminent professors and alumni who have spearheaded the advancement made by Tamilnadu in Biomass crops.
Commenting on this alliance, Dr Arvind Pandalai, Non Executive Group Chairman of Clenergen Corporation said " It is a matter of great privilege to have been chosen by the University for undertaking such a project which brings immense value to Clenergen and its projects not just in India but worldwide."
Mark Quinn, CEO of Clenergen said "This is a great moment for Clenergen to be in a position to gain from the great resources of the University. The project will be funded by Clenergen, but serves to benefit the company in order to maximize the output and optimize the usage of the available resources."
About Clenergen Corporation
Clenergen Corporation is a publicly listed company on the OTC stock market (symbol CRGE). Clenergen offers strategic Clean Energy Generation projects to address the requirement for renewable and sustainable supplies of electricity. Clenergen has developed a unique modular system of co-gasification and localized plantation management.
Using proprietary and mixed biomass feedstock to implement sustainable supplies of [ clean energy ] to regional, independent clients and national grids. The "Distributed Environmental Power System" marries significant proprietary advancements in plant science with proven long standing engineering technologies to achieve this goal. [ www.clenergen.com ]
Notice Regarding Forward-Looking Statements
This press release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to our ability to cultivate Marjestica in Guyana on a large scale and to establish our company as one of the leading biomass energy generating companies globally.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with clean technologies; changes in the operating costs and changes in economic conditions and conditions in clean technologies. These forward-looking statements are made as of the date of this press release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our current and periodic reports filed from time-to-time with the Securities and Exchange Commission.
