Biopower Operations (BOPO) 0.2000 $BOPO
BioPower Operations Corporation Signs Term Sheet To Acquire EnviroPower Management, Inc.
ACCESSWIRE - Tue Jul 08, 9:37AM CDT
Fort Lauderdale, Florida / ACCESSWIRE / July 8, 2014 / BioPower Operations Corporation (OTCQB:BOPO) ("BioPower" or the "Company"

announced today that it has signed a non-binding term sheet to acquire EnviroPower Management, Inc. for CV Preferred Stock subject to certain performance criteria and 7,682,500 shares of common stock of the Company with a two year lock-up provision on such shares. This acquisition positions BioPower as a converter of waste-to-electricity through the environmentally sound and patented advanced thermal output gasification technology. EnviroPower Management has the global exclusive license in perpetuity to the patented gasification process which includes several enhancements that greatly increase the thermal efficiency and reduces emissions compared to pyrolysis, plasma, incineration, biomethanization, and anaerobic composting methods.