Skip to main content

Mountain Top Properties, Inc. Debuts the Energy Market with Microalgae Emulsion Technology

Written by Customer Service on . Posted in Public Companies.

Charlotte, North Carolina, Sept. 16, 2021 (GLOBE NEWSWIRE) — Mountain Top Properties, Inc (OTC PINK: MTPP) announces today they are ready to launch and announce to energy users worldwide their Microalgae Emulsion Technology. The deployment of the technology will increase interest in the benefits it provides particularly in reducing electricity costs and improving carbon neutrality.

The company is currently in negotiations with the state of North Carolina regarding placing a manufacturing and post-process facility. Completion of the negotiations and signing of a lease later this year will identify the opening of a Microalgae Emulsion Innovation Center in Leland, North Carolina.

The company intends to operate on a Build-Own-Operate business plan. On September 10, 2021, the company entered into a Power Purchase Agreement with Aasal Hydrotech & Steel, based in Islamabad, Pakistan, to supply an uninterrupted electricity supply for a seven-and-a-half-year term. The tariff agreed on was 25% less than the local electricity company would deliver electricity for, and the total value of the agreement generates revenues of $5.588 million USD. Those revenues are further supported by the sale of additional renewable energy bioresources, of $6.985 million USD, which are a by-product from the microalgae cultivation.

The Power Purchase Agreement with Aasal Hydrotech & Steel is the first of many from an extensive list of companies in Pakistan who have expressed interest in buying electricity under similar Power Purchase Agreements. More importantly, when fully operational, this amount of interest will give the company an established position ready for the National Electric Power Regulation Authority’s launch of the Competitive Trading Bilateral Contracts Market, which is scheduled for early next year.

The company plans to submit an application to the World Bank, which is an international financial institution whose role is to reduce poverty by lending money to the governments of low and middle income countries to improve their economies and to improve the standard of living of their people. This could generate 20-30 institutional Customers.

Forward-Looking Statements
                                                                                              
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about Mountain Top Properties beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. All information provided in this press release is as of the date of this press release, and Mountain Top Properties undertakes no duty to update such information, except as required under applicable law.

For more information, please contact: tteece@mountain-top-properties.com                                           

Source: Mountain Top Properties (OTC Pink: MTPP)

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.