MemPore Announces Partnership with Universe Bright New Energy Investment

March 2015 - MemPore reached a strategic partnering agreement with Universe Bright New Energy Investment, Ltd (UBNE) to construct the first full size commercial system and commercialize these systems worldwide. UBNE specializes in developing and commercializing clean technologies for the Chinese and Asian markets. This agreement includes future annual royalty payments to MemPore for sales by UBNE into the Asian market. In July 2015 engineering designs have been finalized and delivered to UBNE’s equipment manufacturers. Installation, initial trials, and process validation are expected by the end of 2015.