SANTA ANA, Calif.,(GlobeNewswire via COMTEX) — BioCentric Energy Holdings, Inc. (Pink Sheets:BEHL) President, Monique Berry today provides updated on commercial projects and contracts:
“The BioCentric Energy technical team is working at its headquarters this week preparing and assembling all components of the commercial PBR system for the Death Valley Junction, California site. The team is in the process of loading the 20ft trailer that recently arrived from South Carolina last Friday, with the PBR corners, plastic tubes, breathing apparatus, skid, motors and other parts necessary in completing the installation. The BioCentric Energy team anticipates that the first half of its client’s one-acre system will be operational by the end of next week.
BioCentric Energy is finalizing contracts with Kuehnle AgroSystems, a Hawaiian company purchasing the Company’s PBR systems for research and development of their algae strains, bio-fuels and several other applications. Kuehnle’s Chairman of the Board exhibited at BioCentric Energy’s open house last Saturday and took the opportunity to meet several BEHL shareholders and investors. “We are looking forward to deploying our PBR systems for Kuehnle in the 4th quarter this year,” Stated BEHL President, Monique Berry. “The environment and temperature in Hawaii are quit ideal for growing algae and we believe Kuehnle will be able to maximize their algae growth by utilizing the Company’s PBR systems.”
A local Southern California Native American Indian tribe is currently in the qualification phase of purchasing BEHL’s 10-acre PBR system. Upon qualification, the Company will receive the first payment for this project by the end of August. “It is our goal,” stated Ms. Berry, “to deploy these systems in the 4th quarter of 2010 as well as the Hawaiian sites.” To meet the demands and timeframes of these projects, BioCentric Energy will begin its training program for site deployment in the next 3-4 weeks.
BioCentric Energy and BNPD will be meeting this week to discuss detailed production plans, shipments and deliveries of BEHL and its client’s commercial algae. Shareholders will receive updates as things progress with BNPD.
The BioCentric Energy open house was well received by all and allowed shareholders, investors and potential clients the opportunity to meet the BEHL team, share ideas, ask questions and see the working commercial PBR systems. The feedback was so positive that the Company is now considering holding an annual open house next year. All shareholders are encouraged to e-mail in their feedback or ideas for future shareholder events.
Safe Harbor Statement: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as BEHL or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Similarly, statements herein that describe the Company’s business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements.All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
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SOURCE: BioCentric Energy Holdings, Inc.