SOURCE: BioNitrogen Corporation
DORAL, FL--(Marketwire - Oct 1, 2012) - BioNitrogen Plant FL I, LLC, a wholly-owned subsidiary of BioNitrogen Corporation (PINKSHEETS: BION), announced today the acquisition of 4A Technologies, LLC, which owns the patent pending technologies for the conversion of biomass into urea fertilizer. The acquisition strengthens BioNitrogen's capabilities to build environmentally-friendly plants that convert biomass into urea fertilizer. The Company had previously licensed the technology to BioNitrogen.
"This acquisition is an important step in the process to further strengthen our position in the market for the production of urea," said Carlos A. Contreras, President and CEO of BioNitrogen. "This technology will help support our rapidly expanding efforts to build plants in the U.S. that will provide domestically produced urea fertilizer."
About BioNitrogen Corporation
BioNitrogen Corp. (PINKSHEETS: BION) is a cleantech company that utilizes proprietary technology to build environmentally-friendly plants that convert biomass into urea fertilizer. Our mission is to provide safe, cost effective, green solutions that are economically beneficial in locations where biomass is produced and urea is consumed. Additional information can be found at www.BioNitrogen.com.
Safe Harbor Statement
The forward-looking statements contained in this document involve risks and uncertainties that may affect the Company's operations, markets, products, services, prices and other factors as discussed in filings with the Securities and Exchange Commission. These risks and uncertainties include, but are not limited to, economic, competitive, legal, governmental and technological factors. Accordingly, there is no assurance that the Company's expectations will be realized. The Company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.