These developments are in keeping with the green energy mandate that has been in place for several years, the company said.
IPF is a non-profit organization dedicated to the health, nutrition, housing and well-being of those living in Latin America.
The CEO of IPF is Lemuel Rodriguez who is a Pastor of the Promise International Center in New York. He is a graduate of the University of Cambridge (1976) and received a Lumma cum Laude (2003) from the University at Northfield and a Degree on Arts of the Diplomacy and the International Relations.
The company said that the new proprietary technology that it intends to acquire is a fuel formulation which reduces Greenhouse Gas and other environmentally damaging emissions while maintaining an existing engine’s operational capacity at the same level it would have with currently available fuels.
In other matters, after further due diligence, the company has mutually terminated its Memorandum of Understanding with Tectane Technologies and Nino DeSantis, previously announced on April 23, 2010.
