MPML MPM Technologies Inc (CE)

MPM Technologies, Inc. (OTCBB:MPML) announced that it has entered into a strategic alliance Agreement with Foton Technologies, LLC to develop projects utilizing Skygas gasification-derived syngas to produce power, chemicals, and liquid fuels via systems and processes designed and supplied by Foton.

The Consortium will work together to finalize projects jointly under development by the team and explore new worldwide markets.

MPM CEO Michael J. Luciano stated, “The MPM – Foton cooperation actually started back in early 2008, and we have been working on a number of projects, three of which are close to fruition. This agreement further reinforces our existing relation and greatly enhances our joint strength. Together we will be able to provide the best service and performance to our customers and users in the emerging waste-to-energy field.”

Foton CEO Don Hendrick noted that the Skygas gasifier was one of a very small number of gasifiers out of the hundreds of thermochemical processes vetted that met Foton’s stringent requirements for product gas quality and overall efficiency of operation.

Skygas™ is a unique electrokinetic process that converts solid and semisolid carbonaceous wastes into a clean-burning synthesis gas that can be utilized to produce power via steam or gas turbines or can be catalytically converted to synthetic chemicals or liquid fuels. Skygas™ overcomes the shortcomings generally associated with incineration and thermal and plasma arc gasification methods.

MPM Technologies, Inc. is a holding company with three subsidiaries: Nupower, Inc., which is engaged in the development and commercialization of Skygas™; AirPol, Inc., which builds, installs, and services industrial air pollution control systems; and MPM Mining, Inc., an exploration and development company with gold and silver mining properties in Montana. Find more information at www.mpmtech.com.

Foton Technologies, LLC, a Florida based company, is involved in the evaluation and development of technologies for production of renewable power, fuels, and chemicals, and - more specifically - the conversion of biomass to syndiesel and to electrical power via gasification.

Statement Under the Private Securities Litigation Reform Act.

With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to, product acceptance, economic, competitive, governmental, results of litigation, technological and/or other factors which are outside the control of the company.

MPM Technologies (CE) (USOTC:MPML)
Historical Stock Chart
Von Jan 2025 bis Feb 2025

MPM Technologies (CE) (USOTC:MPML)
Historical Stock Chart
Von Feb 2024 bis Feb 2025