GWND: Acquisition Of Biomass Power Company Biotricity Corporation

Global Wind Corporation (GWND) has closed the acquisition of biomass power company, Biotricity Corporation

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Description

GWND: Acquisition Of Biomass Power Company Biotricity Corporation

By Fain Hughes
Mon. July 20, 2009

Ridgeland, MS Global Wind Corporation (GWND) has closed the acquisition of biomass power company, Biotricity Corporation. Biotricity has developed a new combustion technology for the burning of woody biomass to generate electricity.

Biotricity is now the primary operating subsidiary of GWND and will be responsible for all operations. Biotricity will trade under the symbol GWND.

The Company is designing a proprietary Biotricity Power Generator to produce electricity from biomass such as wood chips, sawdust, waste paper, and other organic matter by processing biomass and burning it in a soon to be patented combustion chamber to power a turbine and generate electricity.

Additional Information

Web Site: http://www.tradingmarkets.com/.site/news/Stock%20News/2430290/

Category: Forestry>Industry Press Releases

Region: Missisippi

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