|By Marketwired .||
|August 26, 2014 09:15 AM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/26/14 -- Mantra Venture Group Ltd. (OTCQB: MVTG) has announced the incorporation of Mantra Energy Alternatives UK Ltd. The UK subsidiary has been established to pursue specific funding and collaboration opportunities arising from previous visits to the country by Mantra's management.
"After exploring and identifying promising collaboration opportunities in the UK, we have established the subsidiary to advance them to the next level," said Patrick Dodd, VP of Corporate Development. "We are very optimistic about these opportunities,due to thenovelty of our technologies and the quality of the collaborators we are working with there."
Mr. Dodd will be meeting with these collaborators when he returns to the UK in mid-September as part of the Canadian Manufacturers & Exporters' (CME's) Automotive Trade Mission. The CME mission will introduce and promote the Canadian delegation to players in the UK's auto sector,including meetings at the facilities of universities, research organizations, and automakers,and concluding with the Cenex Low Carbon Vehicle Event. Described as "the UK's premier low carbon vehicle event", the exhibition will host the sector's major players and demonstrations of the state of the art in low carbon transportation.
"The CME mission is an excellent platform from which to promote Mantra's MRFC technology, which is very compelling for transportation applications and is patented in the UK," continued Mr. Dodd.
About Mantra Venture Group
Mantra Venture Group Ltd. (OTCQB: MVTG) is a clean technology incubator that takes innovative emerging technologies and moves them towards commercialization. The Company, through its subsidiary Mantra Energy Alternatives, is currently developing two groundbreaking electrochemical technologies designed to make reducing greenhouse gas emissions profitable, ERC (Electro-Reduction of Carbon Dioxide) and MRFC (Mixed-Reactant Fuel Cell).
ERCis a form of "carbon capture and utilization" (CCU) that converts the polluting greenhouse gas carbon dioxide into useful, valuable products including formic acid and formate salts. By utilizing clean electricity, the process offers the potential for an industrial plant to reduce emissions while generating a salable product and a profit.
The MRFC is an unconventional fuel cell that uses a mixture of fuel and oxidant, thereby greatly reducing the complexity and cost of the fuel cell system. Ideal for portable applications, the MRFC is cheaper, lighter, and more compact than conventional fuel cell technologies.
Follow Mantra on Twitter: http://www.twitter.com/mantraenergy
For more information go to: http://www.mantraventuregroup.com
Forward-looking statements: Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Mantra Venture Group's filings with the Securities and Exchange Commission, which identify specific factors that may cause actual results or events to differ materially from those described in forward-looking statements.
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