Genoray Provides Solution to Energy Users Funding Issues
Genoray Advanced Technologies Ltd. says that the company now has the ability to provide complete end-to-end funding for its Gasification System to the end user.
Vancouver, BC (PRWEB) March 2, 2005
Genoray Advanced Technologies Ltd. (OTC: GATL) says that the company now has the ability to provide complete end-to-end funding for its Gasification System to the end user. Through the Business Development Bank of Canada (BDC), Canadian Commercial Corporation (CCC), Export Development Canada (EDC) and is working with the Sustainable Development Technology Canada to fund and export itÂ’s clean technology.
Sustainable Development Technology Canada (SDTC) is a not-for-profit foundation that finances and supports the development and demonstration of clean technologies which provide solutions to issues of climate change, clean air, water quality and soil, and which deliver economic, environmental and health benefits to Canadians. To do so, the Foundation draws from an investment fund of $550 million.
Genoray can offer fifteen year complete funding to buyers of our Gasification system in non-Kyoto Accord countries including the United States.
Genoray can convert solid waste and/or coal into usable gas at a cost of less than $2.50 per million BTU. The heat produced can be used to generate steam and or electricity. Genoray is experiencing a high volume of new interest in our equipment and technology due to the continuing high price of crude oil and natural gas.
More information is available at www. genoray. com or info@genoray. com
Company Info: +1-604-929-7224
Investor Relations: 1 +1 516 498 9892
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and other risk factors. The company takes no obligation to update or correct forward-looking statements.
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