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TheStreet Open House

Skyonic Raises $9 Million And Signs Northwater Capital, ConocoPhillips, BP And PVS As New Investors

Stocks in this article: BP COP

"It's an honor for a truly world-class syndicate of energy, technology, and top venture players to invest in taking your technology commercial," said Joe Jones, CEO and founder of Skyonic. "For me, it is a testament to the good work of the Skyonic professional staff over the last eight years and the steadfast support provided by Carl Berg, David Zachry, and many others. Together with our new partners, we are making decarbonated carbon power a real option for the future, while making jobs with real plants, real products, and real improvements to the environment, today."

About Skyonic CorporationFounded in 2005, Skyonic Corporation developed SkyMine®, the first carbon capture technology designed to profitably capture carbon dioxide (CO2) emissions by mineralizing the gas into baking soda. Developed by inventor and CEO, Joe Jones, SkyMine® is a patented green chemistry process that enables power-generation and industrial manufacturing plants to cost-effectively produce energy and products in a cleaner way. Skyonic has conducted field trials and pilot projects of its technologies at power plants throughout Texas. The company is headquartered in Austin, Texas and is backed by venture capital. To learn more about Skyonic and its other products visit http://www.skyonic.com.

SOURCE Skyonic Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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