OAKDALE, Dec. 23, 2013 (GLOBE NEWSWIRE) -- Green EnviroTech Holdings Corp. (OTC QB: GETH) is pleased to announce the company received confirmation from the U.S. Patent Office that their innovative GETH Technology qualifies under the status of "patent pending." Significantly, the patent retains an 18 month non-disclosure period, meaning the patent's content will not be made public for this period.
Lou Perches, COO of GETH states, "The patent pending status was the final step in our preparation to commence manufacturing. With the rapid advancement in pyrolysis technology we are clearly a leader in a highly profitable conversion technology industry."
"The U.S. Patent Office confirmation solidifies GETH as the first to go to market with this unique conversion technology.As evidenced by the oil purchase contract from ConocoPhillips (NYSE: COP) through our strategic partner Ebbros Energy LLC, GETH oil has been proficiently validated. The utility patent secures our intellectual property and confirms to our shareholders that we continue to execute on our business plan, says Gary De Laurentiis, CEO of GETH.
"In addition to receiving our utility patent pending status, the company received notification from a State of California Regional Air Board that the permit to construct the first conversion plant in, California was approved. These two substantial events enable GETH to showcase the technology and demonstrate that the company can produce and deliver oil as per our contract. GETH is in the final stages to implement our technology," added Gary De Laurentiis.
About: Green EnviroTech Holdings Corp.
Green EnviroTech Holdings (GETH) is an innovative conversion technology company which holds a patent pending process for transforming waste tires and mixed plastics, destined for landfills, into high-grade oil. The company has received a contract to purchase GETH oil from a major oil company.The GETH process helps solve America's environmental issues. Each GETH system converts 510,000 tires per year into 17,220 barrels of oil and by-products (Syngas, Carbon and Steel). The process also converts 12,000,000 pounds of mixed post-consumer plastics per year, not currently recycled, and produces 32,500 barrels of oil and by-products. The GETH process produces no emissions.
For further information about the Company, visit www.greenenvirotech.com and/or email info@greenenvirotech.com.
Media services by: Vitello Capital Ltd and 18KT.tv LLC
Safe Harbor Statement:
GETH cautions that statements made in press releases constitute forward-looking statements, and makes no guarantees of future performances and actual results/developments may differ materially from projections in forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the time statements are made.