EL PASO, Texas, May 10, 2006 (PRIMEZONE) -- Nanoforce, Inc. (Pink Sheets:NNFC), a developer of nano-materials, new refining processes and equipment for use in alternative and existing energy sector technologies, announced the incorporation of a new, wholly owned, subsidiary, Energy Farms, Inc. in New Mexico. Energy Farms is developing methods to cultivate and harvest small photosynthetic organisms in refinery waste for the production of biodiesel, a cleaner burning diesel replacement fuel made from natural, renewable sources.
"We are interested in the production of alternative fuels. Micro-algae as a biomass feedstock for the production of biodiesel is an area of intense research at Energy Farms," said Dr. Carolina Kretschmer, CTO Energy Farms.
"We intend to explore the mass production of this form of biodiesel feedstock in hopes that it will form a major component of an eco-friendly 'closed loop' liquid fuel production system," said David Rendina, CEO Nanoforce, Inc.
The adoption of biodiesel as an alternative fuel source is growing. The U.S. Department of Energy predicts the global biodiesel market will reach $70 billion by 2010. Frost & Sullivan expects two new EU Directives will help increase the European biodiesel market from $504 million in 2000 to $2.4 billion by 2007, a compound annual growth rate of 25%.
About Energy Farms, Inc.
Energy Farms is a developer of alternative energy solutions. The company has developed a commercialization plan that incorporates the sale of Energy Farm Franchise Units that will produce clean transportation fuels, biodiesel, electricity, and fresh water from otherwise unusable land, sunlight, and brackish water using patented and patent pending advanced materials and processes. These farms will be designed to convert low value resources into high value products using an environmentally conscious "closed loop" production system.
About Nanoforce, Inc.
Nanoforce is engaged in the research, development, acquisition and commercialization of advanced materials science products and processes including nanotechnology. Nanotechnology is the science of building and manipulating materials, devices and processes on the scale of atoms and molecules (one billionth of a meter). According to market research, it is estimated that revenues from products using nanotechnology will increase to $2.6 trillion in 2014, equal to about 15% of global manufacturing output, from $13 billion in 2004 (Lux Research). Nanoforce is taking advantage of rapid innovation in materials science to meet critical needs in growing industry sectors including petroleum refining and biodiesel production. For more information, please visit www.nanoforcetechnologies.com.
About Refinery Science, Corp.
Refinery Science, Corp., a wholly owned subsidiary of Nanoforce, is a material science-based petroleum technology business. The company intends to apply the benefits of its latest developments in material science and nanotechnology to provide solutions to issues associated with the production and transportation of extra heavy crude, and increase profits from refining heavy crude and residual bottoms. The Company's unique nano-materials may enable companies to profitably refine low quality crude oil, such as that from shale and oil sands that are difficult and expensive to process. For more information please visit www.refineryscience.com.
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