British billionaire Richard Branson and Al Gore, former U.S. vice president, recently announced a $25 million prize to meet possibly the biggest challenge faced by humankind: to reduce the planet's warming gases that have collected in the atmosphere since the dawn of the Industrial Revolution. Mr. Branson urged governments to match the prize money he offered.

Mr. Gore said the prize was intended for a project that would be different from technologies currently under development that capture and store large amounts of carbon dioxide from heavy emitters like coal-fired electric plants.

CO2 Tech views the announcements as a unique opportunity to accelerate the development of its most recent innovations. In fact, professor of science and civilization at Oxford University Steve Rayner noted the project is especially appealing for developments related to the aviation industry since there really are no other viable, cleaner fuels in the pipeline.

Air transport represented about 3.5 percent of global greenhouse gas emissions in 1990, but that figure could grow to about 15 percent by 2050, according to United Nations figures, as cited by the Aviation Environment Federation in London.

CO2 Tech has approached Klaus Lackner, a professor at Columbia University who has developed an extraction device to clean carbon from the air. CO2 Tech is developing a dispersion solution for high-altitude gaseous airplane emissions based on speed fluctuations. Exploiting the airplanes' speed, CO2's unique mechanism will compress and decompose the destructive gases before emission through a dedicated system. Although Mr. Lackner's project remained in the planning stage, collaboration with Co2 Tech may lead to an integrated viable solution to analyze, identify and reduce the high altitude emissions of airplanes in flight, combining both compression and extraction methodologies for a more comprehensive air cleaning solution for the aviation industry.

About CO2 Tech

CO2 Tech, a U.K.-based company, provides cutting-edge, sophisticated anti-global warming technologies along with a full range of environmental products and services to businesses, industries and governments. CO2 Tech's innovative approach provides high quality, maintenance-friendly system solutions that offer cutting-edge technological developments and outstanding reliability. CO2 Tech has extensive first hand experience with all major air pollution control equipment including air pollution control systems, removal of fine solid particles from gas/air units, evaporator units, reduced CO2 emission units.

CO2 Tech offers its customers the benefits of its cutting-edge technological products, proprietary innovations and rich experience in industrial applications of control equipment, with petroleum, factories, mining, metals, boilers, glass, chemicals, woodworking, quarries, textiles and most other heavy industries. CO2 Tech fosters strong partnerships and alliances with leading environmental engineering companies and research institutions worldwide to develop, manufacture and market high-quality instruments, systems, and services for its clients.

You are invited to learn about CO2 Tech and the full range of its technologies and services at our website http://www.co2-tech.com.

Forward-Looking Statements

Certain statements in this news release may contain "forward-looking'' information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.

Source: (NASDAQ) CTTD