Tauriga Sciences, a diversified company
focused on the development of a proprietary technology platform in the
nanorobotics space, announced that it is experiencing very strong
levels of international interest for the commercialization of Pilus
Energy's proprietary wastewater-to-value BactoBot.
The Company was approached by a number
of potential exclusive licensees and joint venture partners, interested
in commercializing Pilus Energy's technology platform in specific
countries and jurisdictions. Several of these potential partnerships
are now in late stage negotiations and represent an outstanding
opportunity for the Company to generate revenue and penetrate global
markets effectively and efficiently.
These potential international industry partners and
licensees are discovering the technology through
attendance at Company investor presentations, recent media exposure,
and the recently announced crowd funding campaign. The interested
parties in negotiations with Tauriga represent countries, regions, and
jurisdictions including: Southeast Asia, the Middle East, Central
Europe, the Far East, North America, and Scandinavia.
Tauriga's Chief Executive Officer, Seth M. Shaw, commented, "The levels
of interest that we are experiencing from across the globe have been
extremely encouraging. There is clearly an important role in the global
economy for Pilus Energy's technology platform and we are being
discovered and contacted by industry players who are excited about our
future. The company is pleased with the progress being made in its
capital raising efforts and is working extremely hard to complete the
acquisition of Pilus Energy in a timely manner."
Lastly, the Company congratulated its strategic partner
Bacterial Robotics on being awarded a $150,000 USD National Science
Foundation ("NSF") grant.
On November 25, 2013, the Company signed a definitive agreement to
acquire Cincinnati, Ohio based Pilus Energy LLC ("Pilus Energy"), a
developer of alternative cleantech energy platforms using proprietary
microbial solutions that creates electricity while consuming polluting
molecules from wastewater. Upon consummation of the proposed reverse
merger, which has been unanimously ratified by Tauriga's board of
directors, Pilus Energy will become a wholly-owned subsidiary of
Tauriga.
