CybeRelease: (OTC: NNFC) Enters Into Definitive Cooperative Development Agreement
(CybeRelease, June 19, 2006) - Lake Harmony, PA - Nanoforce, Inc. (OTC PK: NNFC), a developer of nano-materials, new refining processes, and equipment for use in alternative and existing energy sector technologies, announces the commencement into a cooperative development agreement between subsidiary Refinery Science Corp., a Texas corporation, and the Bi-National Sustainability Laboratory (BNSL), a non-profit corporation with offices in New Mexico.
The proposed agreement, valued at approximately $150,000 over two years, is directly inline with Refinery Science’s agenda to commercialize petroleum technology. Refinery Science technology includes proprietary products, processes, and devices that could efficiently convert any hydrocarbons, including heavy and sour crudes found in the Western Hemisphere, into clean fuels, making them economically competitive with Middle Eastern light crudes. This cooperative agreement will enable Refinery Science to develop and prove new, more efficient technology and increase their wide base of intellectual property in a relatively short time frame.
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