CABN Carbon Sciences, Inc featured news, full reports, and detailed charts
Carbon Sciences, Inc (CABN/CABN.OB) Wrap Up:
Carbon Sciences, Inc. engages in developing GreenCarbon technology to convert the greenhouse gas and carbon dioxide into earth-friendly products. Its GreenCarbon technology is targeted at coal-fired electrical power plants and fuel production plants. The company, formerly known as Zingerang, Inc., was founded in 2006 and is based in Santa Barbara, California.Carbon Sciences, Inc. (CABN:OTC Bulletin Board Market)
Snapshot of Carbon Sciences, Inc. (CABN)
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OPEN
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PREVIOUS CLOSE
$0.11
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
03/3/09 - $0.34
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52 WEEK LOW
09/15/09 - $0.06
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MARKET CAP
18.1M
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AVERAGE VOLUME 3 mo
132.2K
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DILUTED EPS TTM
$-0.0060
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SHARES OUTSTANDING
169.9M
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CABN Does Not Pay Dividends
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P/E TTM
NM
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CABN Top Compensated Officers
Executives, Board Directors
Key developments for Carbon Sciences, Inc. (CABN)
Carbon Sciences Inc. announced the filing of a patent application for a highly efficient nano-scale CO2-to-fuel reactor, which is the most critical part of the company's CO2-to-Fuel technology. These nano-scale reactors, called Smart Particles(TM), are the key to achieving a fast reaction time and industrial scale up of the company's CO2-to-Fuel process. The design of Smart Particles is inspired by the way single-cell organisms work. A Smart Particle is based on the concept of synthetic biology and functions like a highly efficient artificial cell that contains proprietary enzyme processes to serve a single purpose--to absorb CO2 molecules and excrete fuel molecules. The patent application for Smart Particle Technology contains the detailed design of Smart Particles, as well as a proprietary manufacturing process where they self-assemble in solution without any external nano-manufacturing.
Carbon Sciences Inc. announced a significant technical development in reducing the reaction time of its CO2-to-Fuel process from hours to minutes. This achievement dramatically increases the scalability and decreases the costs of building and operating an industrial scale CO2-to-Fuel plant. Reaction time is the time required to convert a unit amount of raw material to products in a fixed biochemical reactor and is a very important parameter for scalability and process economics. In the case of CO2 to fuel, a slow reaction time translates to a very large reactor size for holding and processing a continuous stream of CO2 from a large emitter, such as a coal-fired power plant. For example, if a 1 cubic meter reactor can process 1 ton of CO2 per day, then 5,000 reactors are required to process 5,000 tons/day of CO2 emissions from a medium sized coal-fired power plant. However, if a 1 cubic meter reactor can process 10 tons of CO2 per day, then only 500 reactors are required. In previous designs of the company's biocatalytic process, CO2 was transformed into fuel in approximately 10 hours. Due to advanced breakthroughs in enzyme encapsulation and a new and novel micro-sized biocatalytic structure, the company has achieved a major milestone by transforming CO2 into fuel within 10 to 30 minutes.
Effective May 15, 2009, Derek McLeish resigned as CEO and Chairman of Carbon Sciences Inc. Also, effective May 20, 2009, Byron Elton, the company's President, was appointed as Chairman, Chief Executive Officer and Acting Chief Financial Officer to fill the vacancies created by Mr. McLeish's resignation. Mr. Elton has been President and Chief Operating Officer of the company since January 5, 2009 and a director of the company since March 16, 2009. Mr. Elton is an experienced media and marketing executive with a proven record in pioneering new business development strategies and building top-flight marketing organizations.
CABN Competitors
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Industry Analysis
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CABN transactions
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