Additron Technologies, Inc. and the Shanghai Technology and Science Commission initiate a memorandum of understanding.

Released on: March 28, 2008, 4:29 pm

Press Release Author: Additron Technologies, Inc.

Industry: Energy

Press Release Summary: Several local companies and leading universities established a consortium for clean energy. Among them were Additron Technologies, Inc., Shanghai Huayi Group, Shanghai Electric Power Co Ltd, Shanghai Jiaotong University and Tongji University.

Press Release Body: SHANGHAI, R.O.C., March 29, 2008 --

Facing an increasing power shortage, the city is seeing an urgent need to optimize its coal-based energy structure and is encouraging the development and use of clean energy.

Recently several local companies and leading universities established a consortium for clean energy.

Among them were Additron Technologies, Inc., Shanghai Huayi Group, Shanghai Electric Power Co Ltd, Shanghai Jiaotong University and Tongji University.

In addition, representatives of Additron Technologies, Inc. and the Shanghai Technology and Science Commission came to an agreement.

Under that agreement, the two sides have initiated energy studies in the area of innovative coal and biomass-based electricity, hydrogen production and fuel cells.

"Additron has the expertise in clean energy, especially in efficiency and coal to liquid fuels. We are glad to work with Shanghai," said Alexander Chen, CEO of Additron Technologies, Inc.

Chen revealed that a building demonstrating the use of clean energy would be a showcase in the World Expo Park in Shanghai by 2010 where visitors may see vehicles using Additron’s fuels, a liquid coal-power centre to provide clean energy for air-conditioning systems, warm water and other functional uses.

"Energy security and clean energy are very critical for the city’s continued development.

Shanghai needs to combine the clean energy technological innovation efforts of universities and enterprises to upgrade the energy structure and reduce pollution," Jiang Ping, deputy secretary-general of the Shanghai municipal government, said at a recent ceremony.

As the economy continues its rapid growth, a shortage of power has become more and more serious in recent years.

In the summer of 2004, the city faced a power shortage of up to 4 million kilowatts.

At present, about 62 per cent of the total energy consumption in Shanghai is derived from coal, and about 91 per cent of power generating capacity is based on coal-fired power plants.

"These shortcomings are obvious:

Coal has not been efficiently used through direct gasification, and its firing produces considerable pollution.

Only through a formal partnership with Additron Technologies, Inc. can we begin to use and utilize our vast Coal Reserves in an efficient and environmentally conscious manner," said Professor Luo Yonghao, deputy director of the Institute for Thermal Engineering at Shanghai Jiaotong University.

The government and clean energy experts are taking the problem seriously, and the city is focused on Additron Technologies, Inc. and their proprietary Nano Enhanced ICL coal-to-fuel process to help resolve looming energy concerns.

Web Site: http://www.additrontech.com

Contact Details: Additron Technologies Inc.
Shen Xiang Road, Zhu Jia Jiao Town
Qing Pu Area, Postalcode: 201714
Shanghai, R.O.C

General Inquiries: info@additrontech.com
Investor Relations: investorrelations@additrontech.com

Tel: +86-21-5129-4510
Fax: +86-21-5129-4513