Initial purchase order and delivery of AireCore units completed in May 2024
Integration of AireCore units enables precise tuning of American Ag Energy’s reactors to expand market share in $91 Billion Biomass Energy Market
Collaboration expands Spectaire’s market reach into a new industry vertical
WATERTOWN, Mass., June 10, 2024 (GLOBE NEWSWIRE) -- Spectaire Holdings Inc. (NASDAQ: SPEC) (“Spectaire”), a leading innovator in mass spectrometry solutions, is pleased to announce a purchase order and delivery of its advanced AireCore units to American Ag Energy, a Boston-based high-efficiency biomass-to-fuel reactor company.
American Ag Energy specializes in transforming agricultural waste into gaseous fuel for existing gas-fired equipment. Their cutting-edge biomass reactors are designed for optimal fuel production from diverse feedstocks, with a real-time closed-loop system that adjusts parameters based on sensor feedback.
The integration of Spectaire's AireCore mass spectrometers into American Ag Energy's product gas analysis loop marks a significant advancement in their technology. Spectaire’s miniature mass spectrometers provide detailed insights into the fuel gas composition, enabling precise tuning of reactor operating parameters for maximum fuel production and efficiency. Spectaire's technology can simultaneously measure expected product gases, delivering a comprehensive overview of gas composition.
"We are proud to support American Ag Energy with our AireCore units," said Brian Semkiw, CEO of Spectaire. "Our mass spectrometers will deliver the detailed analytical capabilities needed to optimize their reactors, enhancing fuel output and operational efficiency. This collaboration underscores our commitment to advancing sustainable energy solutions through innovative technology."
American Ag Energy's innovative approach to biomass conversion offers a sustainable solution for agricultural waste while contributing to the broader goal of reducing carbon emissions. By leveraging Spectaire's mass spectrometry technology, they are set to achieve unprecedented levels of efficiency and performance.
"Integrating Spectaire's mass spectrometers into our reactors is a game-changer for us," said Dr. Richard Rosen, CEO of American Ag Energy. "The detailed analysis provided by AireCore will allow us to fine-tune our processes and maximize fuel production from various feedstocks. This partnership is a significant step forward in our mission to create efficient, sustainable energy solutions."
For more information about American Ag Energy and their groundbreaking biomass-to-fuel technology, please visit American Ag Energy's website.
About Spectaire
Spectaire (NASDAQ: SPEC) is a leading provider of mass spectrometry solutions, committed to delivering innovative and precise analytical instruments for various industries. Our cutting-edge technologies enable businesses to achieve higher efficiency, better performance, and sustainability.
About American Ag Energy
American Ag Energy is a Boston-based startup dedicated to developing high-efficiency biomass-to-fuel reactors. Utilizing agricultural waste as feedstock, their reactors produce gaseous fuel for use in existing gas-fired equipment, promoting sustainable energy and reducing carbon emissions.
For additional information, contact:
Dave Gentry
RedChip Companies, Inc.
1-800-733-2447
1-407-644-4256
SPEC@redchip.com
Forward-Looking Statements
This release contains certain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “would,” “will continue,” “will likely result” and similar expressions.
The forward-looking statements are based on the current expectations of the management of Spectaire and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. Forward-looking statements reflect material expectations and assumptions, including, without limitation, expectations, and assumptions. Such expectations and assumptions are inherently subject to uncertainties and contingencies regarding future events and, as such, are subject to change. Forward-looking statements involve a number of risks, uncertainties or other factors that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in public filings made by Spectaire with the U.S. Securities and Exchange Commission (the “SEC”) and the following: Spectaire’s ability to operate as a going concern; Spectaire’s requirement of significant additional capital; Spectaire’s limited operating history; Spectaire’s history of losses; Spectaire’s ability to attract qualified management; Spectaire’s ability to adapt to rapid and significant technological change and respond to introductions of new products in order to remain competitive; the loss of, or nonperformance by, one or more significant customers; disruptions of Spectaire’s manufacturing operation; changes in governmental regulations reducing demand for Spectaire’s products or increasing Spectaire’s expenses; the effects of global health crises on Spectaire’s business plans, financial condition and liquidity; changes or disruptions in the securities markets; legislative, political or economic developments; Spectaire’s failure to obtain any necessary permits or comply with laws and regulations and other regulatory requirements; accidents, equipment breakdowns, labor disputes or other unanticipated difficulties or interruptions; potential cost overruns or unanticipated expenses in development programs; potential legal proceedings; and Spectaire’s failure to obtain or maintain insurance covering all of Spectaire’s operations.
Should one or more of these risks or uncertainties materialize or should any of the assumptions made by the management of Spectaire prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements.
All subsequent written and oral forward-looking statements concerning matters addressed herein and attributable to Spectaire or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to herein. Except to the extent required by applicable law or regulation, Spectaire undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events.
No Offer
This communication is for informational purposes only and shall neither constitute an offer to sell nor the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdictions. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act or an exemption therefrom.
