Vencor International to Acquire Exclusive Rights to Torrefaction Equipment
Transaction to Increase Production Capacity to Meet Demand
(firmenpresse) - BOULDER, CO -- (Marketwired) -- 01/13/15 -- VENCOR INTERNATIONAL, INC. (OTC PINK: VCOR) announced today that it has entered into an Agreement to acquire the exclusive rights to special torrefaction equipment and technology from Virginia based Torretherm, Inc.
Vencor International is in the business of providing torrefied wood products to customers around the world. Torrefied wood is made from timber field waste using a process called torrefaction. Torrefied wood is a renewable energy source that can replace traditional coal in coal-fired power plants around the world.
The Agreement with Torretherm will increase the Company''s production capacity to meet the growing demand for its torrefied wood products. Torretherm currently manufactures torrefaction equipment capable of producing five tons of torrefied pellets per hour.
James Gaspard, CEO of Vencor International, Inc. stated, "This is probably the most significant move we''ve made to date. Production capacity has been a serious concern of mine since arriving at Vencor. We have deals that we haven''t been able to make because we didn''t have sufficient capacity. The first machine will be online later this month and will increase our production capacity by approximately thirty thousand tons annually. The cost of the Torretherm machine is a fraction of the cost of other torrefaction machines currently being marketed."
For more information about Vencor International, Inc., visit the Company''s corporate website: vencorintl.com.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "plan," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company''s actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
CONTACT:
Vencor International, Inc.
303-476-9998
vencorintl.com
(at)vencorintl
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Datum: 13.01.2015 - 08:00 Uhr
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News-ID 1329754
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