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CO2 Solutions Announces Extension of its Agreement with Procede Group B.V.

CO2 Solutions Inc. (CST.V), which edged closer to year lows Monday, announced it has extended its Consulting and Technology Transfer Agreement with Procede Group B.V. for the continued development of CO2 Solutions' proprietary enzyme based carbon capture technology.

Under the terms of the extended agreement, Procede will remain exclusive to CO2 Solutions for all work in the field of enzyme-enhanced carbon capture, including the execution of the company's recently announced project in the Alberta oil sands. CO2 Solutions will also continue to benefit from a license to all of Procede's intellectual property pertaining to carbon capture using carbonic anhydrase or any variants.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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