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Clean Energy enters into agreement to acquire gasification and cryogenic technologies upon satisfaction of due diligence.
- Article from:
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PR Newswire
- Article date:
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March 8, 2004
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Copyright informationCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Clean Energy Combustion Systems Inc. ("Clean Energy") (OTC BB: CGYB) announced that it has entered into a memorandum of agreement with ecoTech Waste Management Systems (1991) Inc., a privately held British Columbia corporation, to acquire its gasification technology for 7,076,300 unregistered common shares. The gasification technology will incorporate Clean Energy's pulse combustion technology as one of its components. Under the same memorandum, Clean Energy also reached agreement with Mr. C. Victor Hall, ecoTech's President and principal shareholder, to acquire his cryogenic technology for 500,000 unregistered common shares. Clean Energy's acquisition of these technologies is ...