Navigating Global Potential for N-Viro Fuel™ / N-Viro International Process Technology Success
November 21, 2014 Leave a comment
Toledo, Ohio, November 21, 2014 – N-Viro International Corporation (NVIC: OTCQB) submits a surety bond and preparation permit to the Pennsylvania Department of Environmental Protection. This general permit allows the final test fuel to be manufactured, completing this step to the domestic commercialization of N-Viro Fuel™.
The mobile N-Viro Fuel™ pilot project was installed in April 2011. Successful completion of the first trial burn at a 10% substitution was conducted on September 9 and 10, 2011. The final phase of the project starts with the award of the general permit that is expected by the end of 2014. As previously discussed on July 23, 2012, an agreement with a Pennsylvania power generation company provides revenue for the project via a one-time, non exclusive license fee for the use of the N-Viro Fuel™ technology during the final test period. The test fuel will be purchased to execute a 20% substitution of the commercial energy heating value required by the electric producer.
The Company has successfully demonstrated the N-Viro process technology provides a simple, robust and scalable solution to disposal of waste byproducts. The expected issuance of this operating permit along with the USEPA determination received earlier this year offers the Company the tools to move forward and aggressively leverage the opportunity.
Recent meetings held in China resulted in a Memorandum of Understanding with Southwest University of Science and Technology to work collaboratively to develop the first China N-Viro Fuel™ process facility at this prestigious university.
Timothy Kasmoch, CEO and President of N-Viro International, had these comments; “I will always be optimistic about the long term global potential that the N-Viro Fuel process can deliver the Company. We confirm the decline in the first nine month earnings during 2014 filed on November 19, 2014 but reiterate the global market potential for the deployment of the N-Viro Fuel™ technology to uphold the future success and financial health of the Company.”
About N-Viro International
N-Viro International Corporation is a leader in the conversion of organic materials generated from industrial, agricultural and municipal sources. The Company’s proprietary, patented technologies, unique services and materials handling expertise are combined to offer turnkey solutions in both soil enrichment and alternative fuel development. For more information, please visit www.nviro.com or the N-Viro International Blog.
Special Cautionary Note Regarding Forward‐Looking Statements
The Company cautions that words used both in this document such as "expects," “hopes,” "anticipates," "believes" and "may," as well as similar words and expressions used herein, identify and refer to statements describing events that may or may not occur in the future. These forward‐looking statements and the matters to which they refer are subject to considerable uncertainty that may cause actual results to differ materially from those described herein. Additional information and factors that may adversely affect these forward‐looking statements are contained in the Company’s reports, including its Annual Report on Form 10‐K for the year ended December 31, 2013 and other filings with the Securities and Exchange Commission. The Company assumes no obligation to update forward‐looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward‐looking information except to the extent required by applicable securities laws.