Quebec City, June 28, 2017
Solutions Inc. (or the “Corporation”) (TSX-V: CST) is pleased to announce that Team CERT, a multidisciplinary team of over 15 researchers based at the University of Toronto and led by Professor Ted Sargent, will partner with CO2
Solutions in the XPRIZE competition. This partnership constitutes a second entry for CO2
Solutions in the XPRIZE competition.
On October 17, 2016, the organizers of the XPRIZE competition announced that CO2
Solutions and CERT had both been selected to participate in the second round of the prestigious NRG COSIA Carbon XPRIZE competition. Alongside its entry in the competition, through which it will demonstrate a process of capture and reuse of CO2
into acetic acid, the Corporation has also been authorized to partner with other contenders offering a CO2
reuse process only. These newly formed combined entries will propose the CO2
Solutions capture process with the reuse process of the partner company. The announced CO2
Solutions–CERT entry is an example of such a combination. CO2
Solutions and CERT would share equally any prize money
that maybe awarded to this joint entry.
Team CERT has developed a promising technology based on a record performing catalyst to transform CO2
into carbon monoxide (CO). This industrial gas is central to the purification of metals from ores. CO also plays a major role for the bulk production in the chemical industry.
About the NRG COSIA Carbon XPRIZE Competition
Few challenges are greater and more critical than ensuring access to clean, affordable and abundant energy. As the global energy supply remains primarily derived from fossil fuels – the leading contributor to climate change – the $20M NRG COSIA Carbon XPRIZE will challenge the world to reimagine what we can do with CO2
emissions by incentivizing and accelerating the development of technologies that convert CO2
from a liability into valuable products. For more information, visit: www.carbon.xprize.org
About Team CERT
Team CERT is a multidisciplinary team of researchers affiliated with the University of Toronto in Canada. The Team has a diverse background spanning chemistry, materials science, physics, photonics and electrical engineering. Their work on addressing the need for carbon-neutral fuel systems has focused on efficient reduction of atmospheric CO2
into usable carbon products for renewable fuels and chemical feedstocks. Team CERT has developed record performance catalysts for the reduction of CO2
into CO, and the evolution of O2
O—two key reactions needed to realize this goal. Further information can be found at http://carbon.xprize.org/teams/cert
About CO2 Solutions Inc.
Solutions is an innovator in the field of enzyme-enabled carbon capture and has been actively working to develop and commercialize the technology for stationary sources of carbon pollution. CO2
Solutions’ technology lowers the cost barrier to Carbon Capture, Sequestration and Utilization (CCSU), positioning it as a viable CO2
mitigation tool, as well as enabling industry to derive profitable new products from these emissions. CO2
Solutions has built an extensive patent portfolio covering the use of carbonic anhydrase, or analogues thereof, for the efficient post-combustion capture of carbon dioxide with low‐energy aqueous solvents. Further information can be found at www.co2solutions.com
CO2 Solutions Forward-looking Statements
Certain statements in this news release may be forward-looking. These statements relate to future events or CO2
Solutions’ future economic performance and reflect the current assumptions and expectations of
management. Certain unknown factors may affect the events, economic performance and results of operation described herein. CO2
Solutions undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable law.
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