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Follow on Google News | Ceres Ventures, Inc. Provides Corporate Update, Plans For 2012Company Announces Business Objectives For 2012 And Reviews Its Achievements For 2011.
The Company said a major objective is to continue its research and development progress on its BluFlowTM Water Treatment System, a first-of-its- A second major objective in the next year is to complete a second generation prototype of the BluFlowTM Water Treatment System with which the Company will be able to complete further testing of aqueous solutions for the removal of previously untested contaminants/ A third major objective in the next year is to develop additional intellectual property and complete patent filings for the Company’s BluFlowTM Nanoparticles and the BluFlowTM Advanced RO-Tech. A fourth major objective in the next year is to develop a field ready prototype to begin field testing at independent laboratories and on-site facilities. A fifth major objective is to leverage the development progress that Company has made with respect to the BluFlowTM Water Treatment System to establish strategic channel and engineering partnerships to allow it to enter into the $500 billion global water industry. “Achievement of our objectives for 2012 will allow the Company to take the next step as it moves from research and development to commercializing its BluFlowTM Water Treatment System,” said Meetesh Patel, the Company’s President and Chief Executive Officer. “The Company has made significant strides in the past 12 months and I am excited for what the future holds,” he added. The Company’s technology development and commercialization milestones for 2011 include: • January 2010: Sponsored research at the University of California, Santa Barbara. • Confirmed proof of concept at the University of California, Santa Barbara. • June 16, 2011: Engaged Applied Power Concepts, Inc. (“APC”), a California based bio-engineering firm to develop a process for scaling up production of BluFlowTM Nanoparticles and to design and develop a prototype of our BluFlow™ Technologies for water purification, as well as for the further development and enhancement of BluFlow™ Air Purification Technology. • August 2011: Validated proof of concept, formulations and mass balance in commercial setting by APC*. • From August 2011: Production scaling methods for BluFlowTM Nanoparticles are under development* • September 2011: Completed initial commercialization strategy and business model. • From September 2011: Company begins developing BluFlowTM Advanced RO-Tech. • October 2011: acquired exclusive license to magnetized nanoparticles from University of California, Santa Barbara. • January 2012: Company successfully produces first generation prototype of BluFlowTM Water Treatment System and successfully conduct preliminary lab tests*. *Note: These activities were conducted at the laboratories of APC. Legal Notice Regarding Forward-Looking Statements No statement herein should be considered an offer or a solicitation of an offer for the purchase or sale of any securities. This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although Ceres Ventures, Inc. (the “Company” or Ceres Ventures”) believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words “may,” “will,” “should,” “could,” “expect,” “anticipate,” # # # Ceres Ventures, Inc., together with its wholly owned subsidiaries is focused on the research, development, and eventual commercialization of emerging next-generation clean technologies for the remediation of polluted water, soil, and air in an environmentally friendly and cost effective manner. For additional information, please visit: www.ceresventures.com To receive future press releases via email, please visit: http://ceresventures.com/ End
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