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In line with the Group's mission to enhance the quality of life, the green technology business looks into identifying potential opportunities to acquire and develop technologies that are commercially viable, targeting at the green energy sector. Currently, Transcu has entered into three business collaborations through distributorship or equity investment, which are developing green-related technologies.
Through our subsidiary, Transcu Green Fuel Pte. Ltd., we have entered into a global distributorship agreement with NANOMIZER Inc. for the exclusive distribution, sales and marketing of the Nano-Emulsion Fuel System ("NEFS"). The key benefits of the NEFS are its ability to reduce greenhouse gases emission and improve fuel combustion efficiency, which will result in the reduction of fuel consumption costs. Possible areas of application identified for the NEFS include burners and furnaces, boilers, generators, large marine vessels, and small and medium sea vessels.
Our subsidiary, BIOMASS Energy Corporation ("BME") focuses on developing novel technologies to produce renewable energy alternatives, using inedible and inexhaustible bio-mass which requires no fermentation process. They include the Bio-Gasification and Bio-Gas to Liquid technologies to generate clean, high calorie bio-gas which is converted to crude methanol through catalyst transformation under low pressure. In 2010, three of its biomass projects received grants from the Ministry of Agriculture, Forestry and Fishery in Japan.
In January 2010, Transcu signed an exclusive distributorship agreement with Advanced Material Technologies Co. Ltd. ("AMT") to promote, market, distribute and sell AMT's products outside of Japan. AMT's breakthrough advanced themolytic material focuses on the dissipation of heat generated from electronics and electrical products to improve its performance. Current target applications of the technology are in the power electronics field, where potential applications involve high power LED lights, solar power generation system and high-power semiconductor products.
Transcu aims to enter into strategic alliances with more companies which possess or have potential in developing innovative and cutting-edge technologies that bring synergistic benefits to the development of the green technologies of the Group.