License to Market Biofuel Technology in Asia

Competitive Technologies (CTT) has signed an exclusive agreement with Paramus, New Jersey-based Pure Energy Corporation (PEC) to license and commercialize their patented technologies and products dedicated to building a clean and sustainable energy supply. CTT has obtained the exclusive rights to market PEC’s technology in Russia, and the major Asian markets of China, Japan, Korea, Taiwan and Thailand.

Fairfield, Connecticut – November 25, 2003 [SolarAccess.com] “In light of upcoming U.S. Environmental Protection Agency and Euro IV regulations that will require stricter emissions standards, we believe that there is a significant market opportunity worldwide for cleaner burning, high-performance alternative fuels and performance additives,” said Pure Energy’s President and CEO Irshad Ahmed. PEC is a provider of fuel additives, marketed under the Puranol label, that utilize and enhance the benefits found in ethanol-containing fuels. PEC’s patented Biorefinery System is designed to enable low-cost production of ethanol from renewable biomass sources. “PEC’s technology complements CTT’s ongoing commercialization projects in Asia,” said S.B. Oh, who is responsible for CTT’s International Business Development. “Most Asian countries are heavily dependent on diesel fuel for transportation vehicles, resulting in a serious air pollution problem. PEC’s patented E-Diesel technology is the only proven fuel additive to mix ethanol with diesel, a process called splash blending, providing the lowest cost solution to dramatically reduce diesel-generated air pollution. The Chinese government expects to spend $12 billion to clean up air pollution in preparation for the 2008 Olympic games. This world-class technology should provide a window of opportunity for CTT.” CTT will also have licensing and commercialization rights for PEC’s newly developed fuel additive technology for non-ethanol diesel and gasoline fuels. “We are pleased to have Pure Energy’s products join our portfolio of technology solutions,” said CTT President and CEO John Nano. “PEC is satisfying important energy needs with environmentally friendly methods.”
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