February 8th, 2012
Posted on 17. Jun, 2010 by PublicWire in Uncategorized
(CGNI.OB)Carbon Green Inc. Jumps Onboard With Virgin Racing Formula 1
(PublicWire.com Press Release)Carbon Green Inc. (the “Company”) (OTCBB: CGNI) is pleased to announce it has signed an agreement to partner with Sir Richard Branson’s Virgin Racing Formula 1 Race Team, making it the first green technology partner sponsor to be involved in Formula 1.
As one of three new entrants into the 2010 Formula 1 season, Virgin Racing was officially launched at a press conference in London amid much fanfare where Virgin cited the sport’s rapidly evolving environmental strategy as a key element of its decision to continue its Formula 1 involvement and a key reason for its partnership with Carbon Green.
Virgin’s two state-of-the-art cars have been designed by celebrated car designer Nick Wirth utilizing the Computational Fluid Dynamics (DFD) concept; a wholly digital approach to development, designing, building and testing cars in computer simulation without the need for expensive and resource-heavy wind tunnel testing. Just like Carbon Green’s technology, it has the ability to change an industry.
The Carbon Green brand mark is prominently featured on the nose and bargeboards of the Virgin Racing cars, as well as on the left-hand-sleeve of all race wear.
John Novak, President & CEO of Carbon Green Inc., commented: “I’m looking forward to attending the Montreal Grand Prix with Virgin Racing as we celebrate the much-welcomed return of the Grand Prix to Montreal after a one-year absence. During the event Carbon Green will be meeting with the media to discuss its cutting edge tire recycling technology that takes discarded tires, which are an environmental hazard, and breaks them down into 100% reusable commodities while preventing substantial greenhouse gas emissions.” He went on to say, “We believe this unique technology will have a profound positive impact on the earth and provides a safe solution for dealing with the over one billion waste tires discarded annually and ten billion waste tires stock piled worldwide. We are extremely proud to have our name and logo featured on the Virgin F1 race car as it confirms Virgin’s commitment to the environment by creating the first ever F1 green technology partnership.”
Virgin is taking a leadership role on corporate responsibility through its many innovative and inspiring initiatives including ‘Virgin’s Earth Challenge’, a world-wide competition to develop a technology that removes greenhouse gases from the atmosphere. By partnering with Virgin Racing, Carbon Green is aligning itself with a company that shares similar values. In London, Virgin Racing CEO, Graeme Lowdon, welcomed Carbon Green to the team: “Carbon Green is a fantastic addition to our new partnership portfolio and we are looking forward to a close relationship in the years ahead. Virgin’s objective is to be at the forefront of developing environmentally friendly business strategies and the group values its association with like-minded partners. The FIA has an impressive environmental policy and through Virgin Racing we hope to develop a strong dialogue, share perspectives and offer a meaningful contribution to the sport, the governing body and our stakeholders beyond pure competition.”
Sir Richard Branson stated, “I am confident that the newly-formed Virgin Racing Formula 1 team will combine the firepower of one of the world’s most recognisable, innovative brands with a thoroughbred motoring pedigree to mount a serious challenge in one of the world’s most prestigious sports.
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