January 27, 2010 (FinancialWire) — InfoSpi Inc. (OTCBB: ISPI), an emerging company in the environmental technologies sector, said it has signed a memorandum of understanding to acquire the business and intellectual property of Integral Bioenergies Systems, SL.

According to InfoSpi, IBS has developed a proprietary technology process that allows the treatment of biomass and sludge obtained at sewage-treatment plants. The company said that the result of such process is a high grade Biofuel fuel from which an insignificant amount is used to drive the plant, leaving the bulk of the production available for sale on the open market.

InfoSpi said that the sludge is currently being sent to land fills around the world. It said that countries expressing serious interest in the recovery technology include Mexico, Brazil, Israel and the United States.

InfoSpi said the deal is expected to be concluded by the end of March 2010.

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