FORT WORTH, Texas,, Feb. 06, 2018 (GLOBE NEWSWIRE) -- Greenway Technologies, Inc. (OTCQB: GWTI), today announced the formal engagement of Audubon Companies, Inc. as its Engineering, Procurement, Construction (EPC) firm as the company prepares for the completion of its first commercial synthesis gas generating module, called the G-Reformer®, which converts natural gas to synthesis gas. The G-Reformer® is a key component of the company’s gas-to-liquids (GTL) technology solution which is planned for rollout during 2018.
“We have been working with Audubon for three years on a variety of engineering and construction financial studies,” said Ray Wright, President of Greenway Innovative Energy, a wholly-owned subsidiary of Greenway Technologies, Inc. “This three-year relationship has given us confidence in Audubon’s ability to provide project estimation, planning, assistance in component fabrication, final plant design, site preparation, construction, plant management, and ongoing plant operations. They have been, and will continue to be, a strategic part of our engineering and management team.”
David Beck, managing partner at Audubon commented on the engagement stating that “Greenway’s revolutionary patented process has demonstrated the ability to achieve a cost-effective method to generate syngas and produce GTL that the marketplace has not been able to achieve up until now. We are excited and fortunate to be a part of this ground-breaking technology with Greenway Technologies and look forward to our partnership.”
Audubon Companies is a Houston--based, world-leading provider of engineering, consulting, and field services to the global energy industry.
This announcement will be covered at the company’s upcoming shareholder conference call.
Shareholder Conference Call, February 8, 2018
A call has been scheduled to update shareholders on recent events and plans.
Shareholders are invited to call in:
Telephone Number: 319-527-2480
Date: Thursday, February 8, 2018
Time: 3:00 pm CST
Speakers: Pat Six, Chairman and President of GWTI, Ray Wright, President of GIE, Tom Phillips, GIE Vice President of Operations.
Forward-Looking Statements
This document contains forward-looking statements and information as that term is defined in the Private Securities Litigation Reform Act of 1995, and, therefore, is subject to certain risks and uncertainties. There can be no assurance that the actual results, business conditions, business developments, losses, and contingencies, and local and foreign factors will not differ materially from those suggested in the forward-looking statements as a result of various factors, including market conditions, competition, advances in technology, and other factors.