The company said that the acquisition of FTZ Exchange will help its strategy planning and creation of transaction fee based internet exchanges to sell products and services to business-to-business and business-to-consumer communities.
BioPower Chairman and CEO Robert Kohn said, "I believe that the timing is right to utilize the internet, mobile communications and social networking to greatly enhance transaction fee based exchanges."
The company is a development stage company with a focus on growing biomass. Also, it deals with the sale of biomass products and byproducts.
FTZ currently owns 50% of the QX Health Exchange with Quture, a subsidiary of Techs Loanstar.
BioPower intends to complete ownership of the next exchange to be created by FTZ, which it hopes will be an Energy Exchange.