03:53 PM EST - BIOREM Inc. : announced it has been awarded $1.2 million from the Innovation Demonstration Fund (IDF) of the Ontario Ministry of Research and Innovation to support the development of its VOC (volatile organic compound) treatment technology. The Company also announced it is installing a prototype VOC treatment system at Polycon Industries (a Magna International division) in Guelph, Ontario. The 5,000 cfm system is expected to be operational by fall 2010 and is designed for 95% VOC removal efficiency while significantly reducing greenhouse gases, utilizing the breakthrough biological process developed by Biorem. BIOREM Inc.
shares V.BRM are trading even at $0.53.
