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GreenShift Patent Application Accepted into Accelerated Green Technology Pilot Program
Thursday, April 29, 2010
New York, NY -- GreenShift Corporation (OTC Bulletin Board: GERS) today announced that today that the U.S. Patent and Trademark Office (“PTO”) has accepted one of GreenShift’s pending corn oil extraction patent applications into the PTO’s Green Technology Pilot Program for accelerated review.
Announced in December 2009, the new program is designed to accelerate the development and deployment of green technology, create green jobs, and promote U.S. competitiveness. Applications accepted into the program pertaining to environmental quality, energy conservation, development of renewable energy, or greenhouse gas emission reduction will be advanced out of turn for examination.
David Winsness, GreenShift’s Chief Technology Officer, said, “We have many patent applications pending covering processes that build on our existing patent portfolio for improving the profitability of corn ethanol facilities. We are pleased that one of our pending applications has been accepted into this important and timely program. We look forward to additional opportunities to deliver our clients the powerful cost advantages made possible by our patented technologies.”
Additional details on the PTO pilot program are available online at the PTO’s website at www.uspto.gov. The PTO’s December 2009 press release announcing the Green Technology Pilot Program is available online at http://www.uspto.gov/news/pr/2009/09_33.jsp. Additional details on the program are available in the Federal Register at http://www.uspto.gov/patents/law/notices/74fr64666.pdf.
About GreenShift Corporation
GreenShift Corporation (OTC Bulletin Board: GERS) develops and commercializes clean technologies designed to address the financial and environmental needs of its clients by decreasing raw material needs, facilitating co-product reuse, and reducing the generation of wastes and emissions.
GreenShift’s mission is to build shareholder value by using its technologies to catalyze disruptive environmental gain. GreenShift believes that the first, best and most cost-effective way to achieve this is to develop technology-driven economic incentives that motivate large populations of people and companies to make incremental environmental contributions that are collectively very significant. With adoption by most of the U.S. ethanol industry, GreenShift’s commercially-available technologies can give way to disruptive gains by enabling sustainably increased production of globally-meaningful quantities of renewable fuels for distribution through existing supply chains.
GreenShift also maintains its strong commitment to continued innovation and has many additional patents pending for its Backend Fractionation™ portfolio of strategically-compatible cleantech designed to continue driving the corn ethanol industry into increased sustainability and global competitiveness.
Additional information on GreenShift and its technologies is available online at www.greenshift.com.
GreenShift’s technical services staff are available at 888-ETHANOIL or firstname.lastname@example.org to respond to quotation requests and to answer any questions about GreenShift’s corn oil extraction and other technologies.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of GreenShift Corporation and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
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