bellwetherreport.com: The Bellwether Report Initates Due-Diligence on Veridium Corporation
May 17, 2006 (M2 PRESSWIRE via COMTEX News Network) --
Veridium Corporation (OTCBB:VRDM), is a company that our research team will be tracking over the ensuing weeks. They recently came out with a significant corporate development, causing a market stir. The BWR Research Team will continue to bring its subscribers cutting edge research tools, and second to none customer service.
Veridium Corporation publicly traded industrial waste recycling company, plans to release its financial results for the first quarter of 2006 later this month. Veridium also plans to provide its shareholders with an update next week on the status of Veridium's new ethanol technology sales, as well as Veridium's other technology development and acquisition plans.
A couple of weeks ago this company released an update on its various ethanol projects.
Veridium owns several technologies that bring substantial benefits to the ethanol industry. These technologies increase the efficiency of ethanol production by increasing the amount of fuel produced while reducing operating costs and plant emissions.
Dry mill ethanol producers convert starch from corn into ethanol. The by-product of this process contains the fat from the corn and exits the back of the production process. Veridium's patented technology economically recovers up to 75% of the fat from this by-product and converts it into pure corn oil which can either be sold as-is or for conversion into biodiesel. This corresponds to 3 million gallons per year of high grade corn oil converts to 3 million gallons per year of biodiesel. This equates to a 6% increase in fuel production out of a 50 million gallon per year ethanol facility, and a significant increase in plant productivity out of the plant's existing infrastructure. Veridium intends to purchase and sell the extracted corn oil and generate an estimated $1.4 million to $1.8 million in annualized revenues per system as the systems are brought online.
To date, Veridium has recieved eight orders with ethanol producers for deployments of various implementations of this technology to date and Veridium's target is to close a total of 20 such orders this year. Veridium expects to bring its first commercial systems based on this technology online later this year.
Veridium's is also in the process of developing a CO2 Exhaust to Ethanal bioreactor technology which is simple, robust and scalable, and was originally designed to reduce greenhouse gas emissions from fossil-fueled combustion processes. The technology is based on a new strain blue-green algae discovered thriving in a hot stream at Yellowstone National Park. The algae use the available carbon dioxide, water and light to grow new algae, giving off pure oxygen and water vapor in the process. Once the algae grow to maturity, they fall to the bottom of the bioreactor where the algae can be harvested for further refining several times per day.
Veridium is currently building a small-scale mobile pilot system for sales and technical demonstration purposes, and Veridium's immediate focus for this technology is to deploy permanent commercial-scale pilot operations with qualified early adopters in the ethanol industry and in the power generation industry beginning this year.
Last but not least, Veridium holds the rights to patented technologies that use ultrasonic energies to synthesize hydrogen and/or clean fuels from agricultural wastes, including cellulosic biomass. Veridium's focus for the technology this year will be to demonstrate and deploy a commercial-scale pilot version of the technology that converts discarded corn stalks and other cellulosic biomass into clean energy directly at and for ethanol facilities.
Veridium Corporation is currently trading at $0.143 on fairly strong volume, this company continues this downward fall after enjoying huge run last week. A month ago this company was trading above $0.30 a share making this company a great opportunity when compared to its current share price. I anticipate a turn a round in the near future. The BWR Research Team will continue to follow the market sentiment on this company and numerous others.
