DynaMotive Receives Award from Canadian Institute of Energy for Outstanding Achievement in the Renewable Energy Field

ARCHIVED 2002–2016: Originally distributed via the eWire press wire service. Preserved as historical record.

DynaMotive Receives Award from Canadian Institute of Energy for Outstanding Achievement in the Renewable Energy Field

SUBSCRIBE/UNSUBSCRIBE |

Conservation & Wildlife

Corporate Responsibility

Science & Technology

Syndication Partners

**************************************************************************

E-WIRE PRESS RELEASE E-WIRE PRESS RELEASE E-WIRE PRESS RELEASE

**************************************************************************

FOR IMMEDIATE RELEASE

DynaMotive Receives Award from Canadian Institute of Energy for Outstanding Achievement in the Renewable Energy Field

CANADA, BRITISH COLUMBIA, VANCOUVER, Apr. 3 -/E-Wire/-- DynaMotive Energy Systems Corporation (OTCBB: DYMTF) has received The Energy Research and Development Award from the Canadian Institute of Energy for its project, “BioTherm Technology: Renewable Fuels from Biomass Wasteâ€쳌. The award recognizes outstanding R&D; achievement in the field of energy technology in British Columbia. Previous award winners include Ballard Power Systems Inc. and Westport Innovations Inc. Mr. Trent Berry, Chair of the Canadian Institute of Energy, Vancouver Branch, presented the award to DynaMotive at a luncheon held at the Four Season’s Hotel in Vancouver on March 27.

Receiving the award on behalf of DynaMotive, Mr. Rodolfo Guido Chief Operating Officer said: “We are very pleased to have been selected by the Canadian Institute of Energy for this prestigious award. British Columbia is a renewable energy innovation centre with the emergence of leading technologies in fuel cells, gasification, and fuel delivery systems developed in the region and exported worldwide. DynaMotive’s BioOil technology is yet a further exponent of British Columbia’s R&D; capability.â€쳌

“We would like at this time, to recognize our partners in R&D;, Resource Transforms International, and our Industry and Government partners, in particular, the BC Ministry of Employment and Investment, Natural Resources Canada and Technology Partnerships Canada.â€쳌

Penny Cochrane, Director of the Canadian Institute of Energy, Vancouver Branch said: “It is refreshing and encouraging to see a start-up technology developing not only a valuable resource from “waste materialâ€쳌 but also putting into place a research and commercialisation strategy that addresses the investment risks of newly applied technology. The scientists continue to create intellectual capital through research for new processes and products, while the developers, focusing on the market, engineer, manufacture, and sell the commercial products.â€쳌

The Canadian Institute of Energy (CIE) (www.cienergy.org) is a broadly based, non-profit organization open to those involved in all aspects of the energy industry. The objectives of the Vancouver Branch are to provide a British Columbia perspective on energy technology, business and policy; to encourage energy research, education and dissemination of topical information; and to provide an unbiased forum for discussion and debate of energy-related issues. Membership at both the organizational and individual level is comprised of representatives of B.C. energy companies, consulting and service firms related to the energy industry and government and regulatory agencies.

DynaMotive is an energy systems company that is focused on the development of innovative energy solutions based on its patented pyrolysis system. Through the application of its technology and know how, the Company intends to tap into abundant organic resources that are generally discarded by the agricultural and forest industries at a cost, and convert them into a renewable and environmentally friendly fuel. Examples include forestry residues such as wood and bark and agricultural residues such as sugar cane bagasse. The Company has successfully converted each of these residues into BioOil and char making them a renewable and environmentally friendly oil and char reserve that is available worldwide.

Forward Looking Statement:

Statements in this news release concerning the company’s business outlook or future economic performance; anticipated profitability, revenues, expenses, or other financial items; and statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters, are “forward-looking statementsâ€쳌 as that term is defined under the Federal Securities Laws.

Forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from those stored in such statements. Such risks, uncertainties and factors include, but are not limited to, changes and delays in product development plans and schedules, customer acceptance of new products, changes in pricing or other actions by competitors, patents owned by the Company and its competitors, and general economic conditions, as well as other risks detailed in the Company’s filings with the Securities and Exchange Commission.

Dynamotive Energy Systems Corporation

For more information on DynaMotive, please call: Corporate Communications, Tel: (604) 267-6000, Toll Free (in North America): 1-[REDACTED-PHONE], Fax:(604) 267-6005, Email: [REDACTED-EMAIL]; In Europe, contact: Antony Robson, Managing Director, Tel: (44) (0) 20-7518-9380, Fax: (44) (0) 20-7518-9381, For US enquiries, contact: James Acheson, Chief Operating Officer, DynaMotive Corporation, Tel: (323) 460-4900, Fax: (323) 465-2617, Email: [REDACTED-EMAIL]/

http://www.DynaMotive.com

http://http://www.cienergy.org

**************************************************************************

To Transmit Your News Over E-Wire, visit http://www.ewire.com or

call 1-[REDACTED-PHONE]. E-Wire Is Broadcast To Millions Of Readers Worldwide

**************************************************************************

1993 - 2003. All Rights Reserved.