CoroWare Announces Joint Ventures with Beaufort Mining
February 13, 2018 at 06:00 am EST
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CoroWare, Inc. announced that the Company is dramatically changing its strategic focus and will focus its business on the natural resources sector through joint venture partnerships. The Company has signed a Joint Venture Agreement with Beaufort Mining, Inc., owner of Rio Mining Management, LLC, and holder of the Rio Mine permit, located in Wolfe County, Kentucky. The Company has also put forward a plan to appoint new management to operate the joint venture and help develop the Company’s new strategy and direction. The Company intends to establish a Research & Development Joint Venture to pursue these exciting opportunities, including: Developing Coal-to-Carbon Fiber Technologies and other Advanced Materials that can be produced using coal; Extracting REE from spent coal used at power plants or direct from coal seams; Pursuing Department of Energy (DOE) grants related to Coal Advanced Materials and REE extraction methods; and Commercialization of viable products.
CarbonMeta Technologies, Inc. is a research and development company. The Company is engaged in developing technologies related to remediation of organic wastes that can generate economically sustainable hydrogen, high-value carbon, and construction industry products. It offers Carbon Nanotubes, which is a black-clustered powder that is used as an additive in various materials. The Companyâs wholly owned subsidiaries include CoroWare Technologies, Inc. (CTI), CoroWare Robotics Solutions, Inc. (CRS), Robotic Workspace Technologies, Inc. (RWT), Carbon Source, Inc. (CS), CoroWare Treasury, Inc. (CWT), and CarbonMeta Research Ltd. (CMR). CSâs principal business is waste reclamation technologies and processing. CMR is focused on the development of technologies and solutions for processing organic wastes and generating sustainable hydrogen and high-value carbon products. CWT is engaged in acquiring technologies and subsidiary businesses related to waste processing.