WEST PALM BEACH, Fla., Aug. 16, 2016 (GLOBE NEWSWIRE) -- Alliance BioEnergy Plus, Inc. (OTCQB:ALLM) (the "Company"), is very pleased to announce today that it has entered into a Letter of Intent agreement (the “Agreement”) with DcR Engineering Services, Inc. (DCR) to provide Sales Representation and Support for the purpose of bringing ALLM’s CTS process technology to specific Industrial and Commercial Markets including those presently being serviced by DCR and those building new ethanol and sugar plants, and, providing Engineering, Installation and Maintenance Services to ALLM and their Clients for the CTS bolt-on units.
Agreement - General Terms
The agreement will cover the more than 200 U.S. existing ethanol plants and any new ones being built. DCR’s compensation for existing plants that license/lease the CTS Units is from build and installation that they perform and any additional business they can cultivate. As for compensation from ALLM that DCR may receive, it is based on a percentage of the license/royalty fees that ALLM receives only if the potential client that DCR introduces to ALLM licenses the CTS process from ALLM and builds a new free-standing Greenfield plant or performs a Brownfield retrofit of an existing plant.
Sales:
- DCR will provide sales personnel to contact and make sales-calls on existing U.S. based ethanol plants and introduce them to the CTS bolt-on process.
- DCR will introduce ALLM to Sugar Mills and other Industries that would benefit from incorporating the CTS process.
Demonstration Unit - Portable:
- DCR will provide multi-discipline engineering and design, fabrication and assembly services to build one (1) portable demonstration unit based on the CTS process, suitable for transporting from plant-to-plant, specifically for the purpose of sales demonstration.
- ALLM and DCR will fully collaborate on the design of the portable sales and demonstration unit.
Additional details of the final agreement will be made public following the filing with the Securities and Exchange Commission (SEC).
Mr. Daniel de Liege, CEO of Alliance, stated that, “I am extremely pleased that DCR, after extensive Due-Diligence and discussions with their Client base, has agreed to introduce their Client base to the Alliance CTS Process and to join Alliance in bringing the CTS Process to the Ethanol and Sugar industries to name but a few. This is a win-win for all, DCR and Alliance, but most of all for the Alliance Shareholders.”
About DCR:
DCR is a Heavy Industrial Engineering, Fabrication and Construction Company serving the Chemicals, Fertilizers, Food, Water and Power industries for nearly 30 years. DCR is privately owned with its headquarters located in Tampa, Florida and offices in St. Louis, Mo. as well as Gonzales, La. They serve all of North America and reach abroad as well. DCR are experts in successful, safe project delivery of projects up to $300 million in capital investment. They selectively expand their project delivery team with key professionals from the industry. Given this private ownership position and their aggressive delivery methods they continue to exceed owner’s expectations and rely on relationship based repeat performances for a select group of clients.
Areas of Industrial Experience
Ethanol, Sugar, Fertilizer, Pharmaceutical, Cement/aggregate, Water/wastewater, Citrus, Food and Beverage, Power, and Manufacturing
Partial List of Clients
Tropicana, Purina Petcare, GM, U.S. Sugar, Domino Sugar, General Mills, Frito Lay, Pillsbury, Florida Power & Light, TECO, Duke Energy, COVIDIEN, Army Core of Engineers, Florida Crystals, City of Orlando, City of Tampa, Orange County and the list goes on
For an in-depth look at Who DCR is, go to: http://www.dcrservices.com/index.html.
About ALLM:
Alliance BioEnergy +, Inc. (“ALLM”) is a publicly traded company focusing on the commercialization and licensing of a patented cellulose conversion technology that it controls through a master license agreement with the University of Central Florida. ALLM’s subsidiary, AMG Energy Group, LLC (“AMG”), owns 50% of Carbolosic, LLC, in a joint venture with Thor Renewable Energy Singapore. Carbolosic holds the exclusive, worldwide license to three (3) issued patents and fifteen (15) filed and pending patents revolving around the core CTS (cellulose to sugar) technology. ALLM also holds the exclusive CTS rights to North America (Canada, US, and Mexico) and Africa.
The CTS process is the only known patented, dry mechanical process that can convert virtually any cellulose material into sugars and other products in a matter of minutes with no liquid acids, no applied heat, pressure or hazardous materials of any kind. The CTS process when used in the production of Ethanol is clean, less expensive to build and operate than traditional ethanol plants or other cellulose ethanol technologies and is completely environmentally friendly.
Information in this document constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast", "anticipate", "estimate", "project", "intend", "expect", "should", "believe", and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause Alliance BioEnergy Plus, Inc. actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in Alliance Media Group Holdings, Inc’s filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Alliance BioEnergy Plus, Inc herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Alliance BioEnergy Plus, Inc. disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.