Home > News > ECOS: To Acquire Micro Bubble Technology Inc.
May 28th, 2009
ECOS: To Acquire Micro Bubble Technology Inc.
Abstract:
EcoloCap Solutions, Inc. (ECOS) has entered into a Letter of Intent to buy 100% of the shares of Micro Bubble Technology Inc. ("MBT") of Barrington, IL. Both companies have started the due diligence process and target for the transaction to close within 90 days.
MBT is a pre-commercial stage company dedicated to exploit nanotechnology applications initially in Carbon Nano Tube battery technology. Lab tests have produced data showing that MBT's CNT battery possesses far greater energy storage capacity, and demonstrated much shorter recharge time compared to anything that exists in the market today. In actual tests, the CNT battery has shown it can power an automobile for 400 miles on one charge, and be recharged in 10 minutes.
Source:
smalltimes.com
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