QualityStocks.net News – CSMG Technologies, Inc. (CTGI.OB) Acquires Subsidiary from Utek Corp. (UTK)

We would like to highlight CSMG Technologies, Inc. (OTCBB: CTGI). The company is a technology management company that finances, owns, develops, licenses and markets innovative advanced technologies and business opportunities, through a network of scientific institutes and private organizations for large growing markets.

In the company’s recent news,

UTEK Corporation (UTK), an innovation services company, announced the sale of Carbon Capture Technologies, Inc. to CSMG Technologies (CTGI.OB). The acquisition of Carbon Capture, a wholly owned subsidiary of UTEK, was completed through a stock transaction.

Carbon Capture holds an exclusive license to a composition and method of use of a unique carbon dioxide (CO2) adsorbent. A research team at the University of Ottowa has developed recyclable CO2 adsorbents based upon surface modified nanoporous silicas. The team found the material to possess a high adsorption capacity that was also reversible, which allowed for repeated use of the material in a high periodic cyclic adsorption process. The material’s ability to be used in both dry and wet environments allows for a variety of applications.

“Given the technology’s ability to operate at lower temperatures and pressures, the tolerance of the University of Ottawa’s novel materials to water vapors and their recyclability, we believe that this technology is significantly more efficient than current liquid amine based methods,” stated Dr. Sayari, Professor of Chemistry and Chemical Engineering at the University of Ottawa.

Don Robbins, CEO of CSMG Technologies, stated, “We are very excited about the addition of this new CO2 gas separation technology to our stable of products. There are a number of possible commercial applications for the technology, the largest of which is an ability to capture a relatively pure stream of CO2 from stack gasses emitted by coal-fired utility plants. Thus we could enhance the ability of these utility companies to efficiently dispose of or sequester this greenhouse gas. Additional future applications CSMG will seek to develop and market are for closed circuit re-breathing apparatus, such as are used in hospital operating rooms, by fire and mine rescue personnel, and by US Navy divers in covert operations.”

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