News:
"DynaMotive Enters U.S. Market: Targets Billion Tonne a Year Biomass Opportunity
VANCOUVER, British Columbia–(BUSINESS WIRE)–March 29, 2006–DynaMotive Energy Systems Corporation (OTCBB
YMTF) disclosed today that it will commence operations in the U.S. Having successfully demonstrated its technology and applications in Canada, DynaMotive plans to target the billion tonne a year biomass market. DynaMotive is planning to establish strategic headquarters in Washington D.C. in the second quarter of 2006 where the U.S. operations will be conducted by DynaMotive Corp., a wholly owned subsidiary of DynaMotive.
"The US market is key to DynaMotive’s growth strategy; we believe that we have a unique technology and business platform that will allow us to take a strong foothold in the market," said Andrew Kingston President & CEO of DynaMotive. "Our entry to this important market was predicated in having market ready technology and applications. Through our West Lorne Operations and the support of our strategic partners, we have reached this stage. This, along with very positive market conditions, has prompted the launch of our U.S. strategy."
Mr. Kingston stated, "The market potential is staggering. The recently completed Oak Ridge National Laboratory report outlines a national strategy in which 1 billion dry tons of biomass could potentially displace 30 percent of the nation’s petroleum consumption for transportation and industrial uses and put the U.S. on the road to greater energy security."
Mr. Kingston further disclosed that the Company presented DynaMotive’s technology platform in Washington in November of 2005 and more recently in March of 2006 with very positive reception. In addition, the Company has shortlisted two initial projects in the U.S. and will be conducting detailed feasibility studies in the second and third quarters of 2006.
About DynaMotive:
DynaMotive’s BioOil is produced using patented technology that converts forest and agricultural wastes such as bark, sawdust and sugar cane bagasse into a liquid fuel. Unlike fossil fuels, BioOil is renewable, clean burning, low in emissions and is greenhouse gas neutral. As a clean fuel for power generation in gas turbines, diesel engines and boilers, BioOil presents significant market opportunities. The Company and its partners are also engaged in research and development on a range of derivative products that will further enhance the market and value for BioOil as an alternative fuel and product source.
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 statements" 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, future capital needs, 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."
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and more news about revenues:
"DynaMotive Revenues Approach $1,000,000 in Q1
VANCOUVER, British Columbia–(BUSINESS WIRE)–March 29, 2006–DynaMotive Energy Systems Corporation (OTCBB: DYMTF) announced today that revenue for the first quarter of 2006 will be approximately $900,000. The Company executed contracts and completed milestones in the quarter for two territorial licenses and two plant licenses in addition to product shipments from its BioOil co-generation plant and project development services.
The bulk of sales consisted of territorial license sales (2) and plant licensing (2 X 200 tpd) for a total value of $1,100,000, of which $800,000 will be recognized in the quarter. Product and project development services for the quarter are expected to be approximately $100,000. Product sales resulted mainly from BioOil shipments to the U.S. The company expects to increase product revenue in the coming quarters as it accelerates commercial shipments and electricity production and the demonstration load required by the plant diminishes.
Licensing sales were completed as a result of operational demonstrations conducted at DynaMotive’s West Lorne BioOil Co-generation plant. The plant has been in operation for more than a year, during which it has served multiple roles: that of testing and validating equipment for DynaMotive’s next generation plant, demonstrating the technology and its operation to potential clients and production of BioOil, char and electricity for test purposes and commercial purposes.
The West Lorne plant provided a strong platform for market development purposes. The Company has completed more than 20 operational demonstrations in the past 180 days with visiting companies from Argentina, Australia, China, Japan, U.K., U.S. and Russia, amongst others.
In regard to product sales, DynaMotive has commenced commercial shipments after signing its first supply agreement for BioOil produced from the West Lorne BioOil plant. The contract will last for 5 years and calls for monthly deliveries of BioOil from West Lorne starting at 20 tonnes per month and increasing to 250 tonnes per month at its peak (3000 tonnes per annum). The total value of BioOil to be shipped during the 5-year term is estimated at U.S. $5,300,000, and at its peak delivery would represent 15% of the plant’s annual production of BioOil.
On industrial fuels, the Company has successfully demonstrated the use of BioOil in heat and power application at West Lorne, large green house operations, and has validated the use of BioOil as a displacement of hydrocarbons with Alcoa Canada. Previously, DynaMotive demonstrated the use of BioOil in lumber kilns at Canfor’s facility and in lime kilns at University of British Columbia research facilities.
About DynaMotive:
DynaMotive is an energy systems company focused on the development of innovative energy solutions based on its patented fast pyrolysis system. Through the application of fast pyrolysis, DynaMotive unlocks the natural energy found in the world’s abundant organic resources created by the agricultural and forest industries. DynaMotive’s technology economically converts biomass into a renewable, environmentally friendly fuel. DynaMotive has successfully demonstrated conversion of these residues into fuel known as BioOil, as well as char.
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 statements" 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, future capital needs, 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."