CO2 Solutions Announces U.S. Patent Allowance

 Company comments on patent portfolio in context of proposed U.S. EPA  regulations  TSX-V: CST  QUEBEC CITY, June 5, 2014 /CNW/ - CO(2 )Solutions Inc. ( the "Corporation")  (TSX-V:CST), an innovator in the field of enzyme-enabled carbon capture  technology, today announced it has received a Notice of Allowance from the  U.S. Patent and Trademark Office for its patent application No. 13/264,294  entitled Process for CO(2) Capture Using Micro-Particles Comprising  Biocatalysts.  The Corporation also takes this opportunity to provide an  update on the depth and breadth of its U.S. intellectual property portfolio in  context of the landmark announcement made this week by the U.S. Environmental  Protection Agency (EPA) on the regulation of carbon emissions from existing  power plants.  Upon issuance, the patent will provide CO(2) Solutions with broad coverage for  the use of biocatalysts, including carbonic anhydrase enzymes, for carbon  capture in a packed reactor from any gas stream with any solvent where the  enzymes are attached to the surface of micro-particles or entrapped in porous  micro-particles. The Corporation believes the allowed patent constitutes a  valuable process innovation, which will allow for exclusive use of enzymes in  various industrial applications, with additional flexibility as to process  conditions.  "We believe that with the allowance of this patent, combined with our already  very comprehensive intellectual property portfolio, the Company has covered  all viable routes to commercialization of carbonic anhydrase enzyme based  systems for the capture of CO(2)," stated Evan Price, President and Chief  Executive Officer of CO(2) Solutions.  Together with this patent allowance, CO(2) Solutions now holds 24 issued and  allowed U.S. patents, and an additional 6 pending patent applications.  The  Corporation's patent portfolio provides broad exclusivity for the application  of any carbonic anhydrase enzyme for the efficient capture of CO(2) from any  stationary emissions source and production of concentrated CO(2) or  bicarbonate, which is then available for industrial utilization or storage.  Included is also specific patent coverage in the application of the technology  at fossil-fuel-fired power plants, using any solvent in any reactor type,  packed tower or otherwise, as well as the use of carbonic anhydrase in  combination with various solvents including carbonates and alkanolamines,  among others.  Proposed EPA legislation to drive market for CO(2) capture technologies  On June 2, 2014, the EPA released its Clean Power Plan, which proposes to  dramatically cut carbon pollution from power plants, the single largest source  of carbon pollution in the U.S.  The plan foresees in the application of  various tools to bring about the desired reduction in CO(2) emissions,  including the use of remedial technologies such as carbon capture.  The  Corporation believes its proprietary technology is among the most credible low  cost alternatives for carbon capture, as well as the economic reuse thereof.   According to the International Energy Agency GHG Program, as of 2011 there  were more than 1,000 fossil fuel power plants in the U.S., which generated  over 2.2 billion tonnes of CO(2) emissions.  Price continued, "With the EPA's proposed regulations for existing power  plants, we are witnessing a marked shift in attitude in the United States to  effectively regulate harmful carbon pollution.  By enforcing concrete emission  reduction targets, the meeting of which we believe will depend to a large  extent on the use of remedial technologies, the new regulations have the  potential to substantially expand the market for carbon capture technologies.   Our enzymatic technology, backed by an extremely robust patent portfolio, is  positioned to provide a retrofitable solution for these power plants, where  their CO(2) emissions can be efficiently captured and sequestered, or  profitably reused for existing needs such as Enhanced Oil Recovery."  About CO(2) Solutions Inc.  CO(2) Solutions is an innovator in the field of enzyme-enabled carbon capture  and has been actively working to develop and commercialize the technology for  stationary sources of carbon pollution.  CO(2 )Solutions' technology lowers  the cost barrier to Carbon Capture, Sequestration and Utilization (CCSU),  positioning it as a viable CO(2) mitigation tool, as well as enabling industry  to derive profitable new products from these emissions.  CO(2) Solutions has  built an extensive patent portfolio covering the use of carbonic anhydrase, or  analogues thereof, for the efficient post-combustion capture of carbon dioxide  with low‐energy aqueous solvents.  Further information can be found at  CO(2) Solutions Forward-looking Statements Certain statements in this news release may be forward-looking. These  statements relate to future events or CO(2) Solutions' future economic  performance and reflect the current assumptions and expectations of  management. Certain unknown factors may affect the events, economic  performance and results of operation described herein. CO(2) Solutions  undertakes no obligation to update or revise any forward-looking statements,  whether as a result of new information, future events or otherwise, except as  may be required under applicable law.  Neither the TSX Venture Exchange nor its Regulation Services Provider (as that  term is defined in the policies of the TSX Venture Exchange) accepts  responsibility for the adequacy or accuracy of this release.    SOURCE  CO2 Solutions Inc.  Investor Relations and Media Contact:  CO2 Solutions: Thom Skinner 418-842-3456, ext. 223  or  TMX Equicom Adam Peeler 416-815-0700, ext. 225  Marc Lakmaaker (416) 815 0700 ext. 248  To view this news release in HTML formatting, please use the following URL:  CO: CO2 Solutions Inc. ST: Quebec NI: ENV NP  
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