Oct 8 2009
Micro Bubble Technologies Inc. ("MBT"), the operating subsidiary of EcoloCap Solutions Inc. (OTCBB: ECOS), has further enhanced distribution of its Carbon Nano Tube Battery (CNT-Battery) and M-Fuel by signing a multi-million dollar distribution agreement with HALO Renewable Energy LLC ("Halo"), of Portland, OR. Halo has obtained distribution rights of the CNT-Battery for "non-wheeled" applications in North America, and the U.S distribution rights to MBT's M-Fuel. Halo was initially founded to exploit its proprietary system to manage energy storage and electrical systems for wind and solar applications. Halo's extensive industry experience uniquely positions them to capitalize on the CNT-Batteries' many applications. David Hice, CEO of Halo said, "The CNT-Battery is the final answer in our search for the ultimate energy storage and management system."
This news release compliments the previous announcement pertaining to the Next-Alternative Inc. $2M agreement to acquire the rights to distribute the CNT-Battery for "wheeled applications" in North America.
MBT will be establishing two initial production lines for the CNT-Battery, one to be dedicated to Next-Alternative for transportation applications, the other to Halo for industrial and commercial applications. Each line will have the ability to produce 25,000 batteries per month initially. CNT-Battery yields up to 8 times the reserve capacity of similar lead-acid batteries, recharges in less than ten minutes, and comes with a 5 year limited replacement guarantee if the battery is charged with the MBT designed charger system.
Michael Siegel, President of EcoloCap Solutions Inc. and CEO of Micro Bubble Technologies Inc. stated: "The execution of these agreements is a significant step forward for the company. We anticipate much success with our North American distributors and look forward to further developing the CNT-Battery lines with them."