CalciTech Ltd. (OTCBB: CLKTF) announces today that its wholly-owned subsidiary, CalciTech Synthetic Minerals Europe Ltd., has been awarded a grant promoted by the Bundesministerium für Wirtschaft und Technologie (German Federal Ministry for Research and Technology), directed by the German Government, for the project to develop the conversion of mineral wastes from recycled paper mills into valuable end products. The aim is to 'close the loop' in paper production by recycling all residues and reducing the consumption of raw materials.
This project with German technical institutes and industrial partners was previously announced on 7th September 2010 and will be carried out at the newly expanded small scale plant at Leuna.
The directors of the company take responsibility for this announcement.
This press release contains "forward looking statements" including forward looking statements as that term is defined in section 27a of the United States Securities Act of 1933 and section 21e of the Securities and Exchange Act of 1934. Statements in this press release, which are not purely historical are forward looking statements and include any statements regarding beliefs, expectation or intentions concerning the future. Forward looking statements in this press release include, but are not limited to statements which are subject to a number of contingencies and uncertainties, including, but not limited to, market acceptance for CalciTech's products, manufacturing of CalciTech's products in a commercial setting, obtaining adequate financing and construction management for production and obtaining appropriate permits.
It is important to note that the corporation's actual outcomes may differ materially from those in forward looking statements contained in this press release. Although the company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations and intentions will prove to be accurate. Readers should refer to the risks disclosures in the company's public filings with the Securities and Exchange Commission.