للمتابعة
AuGRID Is Awarded Provisionary Patent on Nano Particle Formulation - Agriculture Will Benefit from Nanotechnology
Wednesday October 6, 9:36 am ET
HOUSTON--(BUSINESS WIRE)--Oct. 6, 2004--AuGRID Corporation (OTCBB:AGRD - News) today announced it has received from the United States Patents Office, a preliminary acceptance notice on its provisional patent filed last May. The Company is now preparing and amending the final draft of the full patent filing under each of its applications. The Patent consist of several combinations of particle design, based on the fundamental interaction and transport of particles through various environments using sophisticated techniques to unravel the transport and biological processes taking place at the nano level.
AuGRID plans to provide a solution base and close interaction with farmers to control the soil depletion in agricultural states in the US and abroad. Depletion of soil fertility -- along with weed, pest, and disease problems -- is a major biophysical cause of low per capita food production. The potential of genetically improved crops cannot be realized when soils are depleted of plant nutrients. AuGRID's basic principal is based on reversing this condition.
AuGRID, which has several products ready for launch, has initiated the process to bring these products to market under patent protection. As a first step, the marketing team will target the multi-billion dollar home gardening industry specifically industry giants, Home Depot (NYSE:HD - News), Lowe's (NYSE:LOW - News) and Wal-Mart (NYSE:WMT - News). Step two will be to facilitate this technology to the network of nurseries associated with the delivery chain of pot plants to the retail environment including most of the previously mentioned candidates. The products will be marketed under the brand name, HydraDyne Systems.
An additional benefit of the HydraDyne formula is a potential water retention system to increase the limited productivity of coarse soils by increasing the water holding capacity and efficiency of water use by plants.
AuGRID Corporation and its subsidiaries, Alysium Corporation and Optipure, LLC, are technology-based organizations, specializing in the manufacturing, distribution and development of electronic and display devices, thermocouples, silicon carbide tools and specialty industrial products. For additional information, please visit the corporate website:
www.augridcorp.com.
Legal Notice
"Forward-looking Statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions, actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies and acts of terror against the United States.
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Contact:
AuGRID Corporation, Houston
Corporate Communications, 713-532-2000
or
Equitilink LLC
Investor Relations, 877-788-1940
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Source: AuGRID Corporation