The shares of Tech Laboratories, Inc. (TLBT.OB) advanced sharply Friday, up 37.5 percent, as the Company signs a Letter of Intent (LOI) to acquire Biodiesel Solutions, Inc.
Biodiesel Solutions manufactures the BiodieselMaster®, a factory-built biodiesel processing plant that is appropriately scaled for a variety of customers, including small communities, farms, farm co-ops and trucking fleets.
The BiodieselMaster is a community-scale biodiesel processing unit that is designed to produce 350,000 gallons of biodiesel per year. The design provides a biodiesel production system that is continuous, flexible, efficient, affordable, and fully-automated. The automated control system minimizes labor costs and facilitates remote diagnostics. Because the BiodieselMaster is small and self-contained, it is easy to set up with minimal infrastructure.
Tech Laboratories is an emerging greentech company closing the loop between modern consumerism and America’s insatiable demand for energy. The Company is establishing its position in what many believe to be the largest economic opportunity of the 21st Century — a sustainable solution to the world’s $5 trillion addiction to oil consumption.
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