NanoLogix Inc., a nano-biotechnology company engaged in the development and commercialization of technologies for the creation of hydrogen bioreactors, said Monday it received $1 million from a California financial group to further the research and development of its proprietary hydrogen bioreactor technology, processes and applications.
NanoLogix is currently focused on producing high-value hydrogen fuel from industrial and municipal wastewater streams, and is researching the potential of agricultural feedstock to create new sources of hydrogen for use as energy.
Bret T. Barnhizer, business and energy consultant to NanoLogix, said, "We are pleased to receive this interim funding, as it will enable us to further expand our research and development efforts and assist NanoLogix in demonstrating efficient and economic bio-tech production of hydrogen gas from a variety of waste streams and engineered-feedstock sources. We consider this funding essential for positioning the company as a potential partner with the energy industry in their efforts to transition from a fossil fuel based economy to one in which the dependence upon those fuels is replaced by the use of alternative energy."