Copernic Announces Quebec Renewable Energy Project
30 Avril 2010 - 10:12PM
Marketwired
Copernic Inc. ("Copernic") (NASDAQ: CNIC) is pleased to announce
that Newlook Industries Corporation has reached agreement with
local developers to secure land and facilities for the construction
of a methane gas power generation plant in Quebec (the
"Agreement").
Newlook intends to incorporate the Agreement into the
transaction between Sunbay Canada Corporation ("Sunbay Canada") and
Copernic as previously announced on February 12, 2010. Copernic
confirms that its planned closing of the Sunbay transaction will be
temporarily delayed due to the inclusion of the Quebec power
generation development Agreement. The transaction is subject to
regulatory approval.
The Agreement is a first step to the conversion of biomass and
residential waste to energy. The process plans to utilize Turbo
Plasma Technology for the destruction of harmful emissions. The
Agreement is conditional upon receipt of a satisfactory power
purchase agreement.
Mr. Ferland, Chief Executive Officer of Copernic stated: "This
Agreement is very positive for the Sunbay transaction, however
additional time would be required to conclude the transaction".
About Copernic Inc.
Copernic Inc. specializes in developing, marketing and selling
cutting-edge search technology, providing innovative home and
business software products and solutions for desktop, web and
mobile users, through its online properties www.copernic.com and
www.mycopernic.com. With its award winning Copernic Desktop Search
software search engine product, the Company brings the power of a
sophisticated, yet easy-to-use search engine to the user's PC.
More information can be found at www.copernic.com.
Statements contained in this press release, which are not
historical facts, are forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements are subject to risks and
uncertainties that can cause actual results to differ materially
from estimated results. Such risks and uncertainties are detailed
in the Company's filings with the Securities and Exchange
Commission and the Ontario Securities Commission. The Company
expressly disclaims any intent or obligation to update any
description of the scope, focus or subject matter of the statements
in this press release.
Contacts: Copernic Inc. Marc Ferland President and Chief
Executive Officer 418-527-0528 ext. 1013 or Toll Free: 877-289-4682
mferland@copernic.com www.copernic.com
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