CO2 Solutions Partners with Neumann Systems for U.S. Pilot Demonstration of Carbon Capture Process

 CO2 Solutions Partners with Neumann Systems for U.S. Pilot Demonstration of
                            Carbon Capture Process

PR Newswire

QUEBEC CITY AND COLORADO SPRINGS, CO, June 17, 2014

TSX-V: CST
Outstanding Shares: 79,687,836

QUEBEC CITY AND COLORADO SPRINGS, CO, June 17, 2014 /PRNewswire/ - CO[2
]Solutions Inc. ("CO[2 ]Solutions" or "the Corporation") (TSX-V:CST), an
innovator in the field of enzyme-enabled carbon capture technology, today
announced that it has entered into a Collaboration Agreement with
Colorado-based Neumann Systems Group, Inc. ("NSG" or "Neumann Systems"), an
established emissions control solutions provider.

Under the terms of the agreement,  CO[2 ]Solutions and NSG will demonstrate  a 
combination of their two  proprietary technologies at pilot  scale in what  is 
expected to be  a significantly lower  cost process for  the capture of  CO[2] 
from industrial effluent gases. Following this pilot, the companies anticipate
co-marketing a combined  solution for profitable  application in enhanced  oil 
recovery (EOR)  and  other existing  and  new CO[2]  sequestration  and  reuse 
markets.

"This  project  with  Neumann  Systems  has  the  potential  to  significantly 
accelerate  the  commercialization  of  both  our  companies'  carbon  capture 
technologies,"  said  Evan  Price,  President  and  CEO  of  CO[2]  Solutions. 
"Successful  completion  of  the  pilot  will  enable  us  to  jointly  pursue 
commercial opportunities  both  companies have  identified.  This is  also  a 
timely start to  a relationship  between CO[2]  Solutions and  a U.S.  partner 
given the June 2,  2014 landmark announcement by  the Obama administration  of 
carbon emissions regulations for the U.S. power sector."

The pilot combines  CO[2 ]Solutions' enzyme-based  technology with NSG's  high 
mass transfer  gas-liquid contactor  technology, known  as NeuStream^®.  NSG's 
technology has a  significantly smaller footprint  than current  technologies, 
with development to date demonstrating  the potential to reduce CO[2]  capture 
equipment capital costs by up to 50 per cent.

CO[2 ]Solutions  has  demonstrated  that,  using  conventional  CO[2]  capture 
equipment, its enzyme-based solution can generate cost savings in excess of 30
per cent compared to  conventional solvent-based processes. Additionally,  the 
Corporation's solution  enables  the use  of  low-grade, nil-value  heat  from 
industrial sources, dramatically reducing process energy costs.

Initial large bench-scale  testing of CO[2  ]Solutions' enzyme-enabled  carbon 
capture solvent with  NeuStream^® has already  yielded very positive  results. 
The upcoming pilot demonstration will capture approximately 10 tonnes per  day 
of CO[2]. The  pilot is scheduled  to run  for one month,  beginning in  April 
2015, at NSG's Colorado Springs facility.  CO[2] produced at the facility  is 
expected to be suitable for enhanced  oil recovery (EOR) and other  commercial 
applications.

NSG  has  an  on-going  approximate   US$9.5  million  CO[2]  capture   system 
development project that is supported by  a grant from the U.S. Department  of 
Energy's National Energy Technology Laboratory with over US$1.4 million of NSG
matching funding.  Building  on  the NETL  funded  development  project,  CO[2 
]Solutions will  contribute an  additional approximate  US$450,000 toward  the 
April 2015 pilot for equipment  modifications, operations changes and  testing 
for the optimized  use of  the Corporation's  enzyme-based solvent  technology 
with NeuStream^®.

"We are looking forward to teaming up with CO[2] Solutions to demonstrate this
potentially game-changing  technology combination  for carbon  capture,"  said 
Dave Neumann,  President  and  CEO  of NSG.  "We  anticipate  realizing  very 
significant  synergies  from  the  collaboration,  making  this  an  important 
opportunity to rapidly penetrate large existing markets for the profitable use
of CO[2, ]as well as provide a viable solution for carbon emissions  reduction 
for large emitters."

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 
www.co2solutions.com.

About Neumann Systems Group, Inc.
Neumann Systems Group, Inc. designs  and builds emissions control systems  for 
power plants  and  other  industrial  applications.  NSG's  principal  product 
line,NeuStream^®, is  a  suite  of emissions  control  systems  that  removes 
harmful pollutants from  emissions sources  like coal-fired  power plants  and 
industrial sources that contribute to  ozone, acid rain, respiratory  diseases 
and  climate  change.  The  NeuStream^®  systems  are  based  on  an  advanced 
gas-liquid contacting  device invented,  developed and  manufactured by  NSG. 
Founded in  1997, NSG  has been  consistently profitable  in its  operations. 
Further information can be found at www.neumannsystemsgroup.com.

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.

Contact:

Investor Relations and Media Contact:

CO[2] Solutions:
Thom Skinner
418-842-3456, ext. 223
thom.skinner@co2solutions.com
www.co2solutions.com

or

TMX Equicom
Adam Peeler
416-815-0700, ext. 225
apeeler@equicomgroup.com

Marc Lakmaaker
(416) 815 0700 ext. 248
MLakmaaker@tmxequicom.com
 
Press spacebar to pause and continue. Press esc to stop.