GTSO Signs Option to Acquire Cutting-Edge Resource Recovery Firm Klean Industries, Inc.
SAN JOSE, Calif.--(BUSINESS WIRE)-- In a move to expand and diversify its clean-tech business, Green Technology Solutions, Inc. (OTCQB: GTSO) today announced the signing of an option to purchase cutting-edge Canadian resource recovery company Klean Industries, Inc.
Based in Vancouver, Klean Industries commercializes cutting-edge waste-stream conversion processes to turn tires, plastics and other petroleum-based refuse into fuel and energy commodities. These innovative technologies are capable of repurposing non-recycled plastics and other waste petroleum, helping to create a reliable source of alternative energy from an abundant, no-cost feedstock and diverting valuable materials from landfills.
In Europe and Asia, waste conversion is already being implemented on a commercial scale, said Klean Industries CEO J. Klinkhamer.
“We specialize in designing commercially viable ecological recovery models that mimic nature in recognizing that waste equals food,” Klinkhamer said. “We help customers reduce environmental management costs while minimizing business risks and environmental liabilities, and we look for opportunities to convert liabilities into assets.”
According to the option agreement, GTSO will have 90 days to conduct a due diligence review of the company to determine the viability of a purchase, joint venture or strategic alliance agreement.
“Klean Industries has engineered a pragmatic, creative approach to solving modern energy and waste issues simultaneously,” said GTSO President and CEO John Shearer. “The acquisition of an emerging business dedicated to the development of innovative new green technologies is an opportunity we’re very much looking forward to exploring in depth.”
Green Technology Solutions invests in early-stage breakthrough products and technologies, developing new ideas into profitable, environmentally sound products and services. Most recently, the company has been working to develop new sources of rare earth resources in developing nations such as Mongolia, Kenya and Botswana. Rare earths are critical to the manufacture of leading-edge green energy solutions including wind turbine generators, photovoltaic solar panels and electric car batteries.
By acquiring Klean Industries, GTSO would gain new business and expertise in a rapidly emerging segment of the green technology sector.
“The exploration of new resources is essential to making green energy cost-competitive with fossil fuels,” Shearer said. “The innovative thinking behind Klean Industries’ business model is exactly what is needed to profitably preserve the planet.”
For more information on GTSO, please visit http://www.greentech-solutions.com/investors.
Green Technology Solutions commercializes clean and renewable technology in a sector that includes Siemens (NYSE:SI - News), General Electric (NYSE:GE - News), Koninklijke Philips Electronics (NYSE:PHG - News) and First Solar (NASDAQ:FSLR - News)
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. (OTCQB: GTSO) is a growth-oriented clean energy company that acquires, develops and implements the latest green technology solutions for the production and distribution of energy. GTSO also pursues the acquisition of rare earths, gold and other materials used in the latest green-tech innovations through its division, Rare Earth Exporters. GTSO is an OTCQB publicly traded company. For more information, please visit our website at [http://www.GreenTech-Solutions.com]. For investment information and performance data, please visit http://www.GreenTech-Solutions.com/investors.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Contact:
Green Technology Solutions, Inc.
John Shearer, 408-432-7285
President and CEO
info@greentech-solutions.com
Based in Vancouver, Klean Industries commercializes cutting-edge waste-stream conversion processes to turn tires, plastics and other petroleum-based refuse into fuel and energy commodities. These innovative technologies are capable of repurposing non-recycled plastics and other waste petroleum, helping to create a reliable source of alternative energy from an abundant, no-cost feedstock and diverting valuable materials from landfills.
In Europe and Asia, waste conversion is already being implemented on a commercial scale, said Klean Industries CEO J. Klinkhamer.
“We specialize in designing commercially viable ecological recovery models that mimic nature in recognizing that waste equals food,” Klinkhamer said. “We help customers reduce environmental management costs while minimizing business risks and environmental liabilities, and we look for opportunities to convert liabilities into assets.”
According to the option agreement, GTSO will have 90 days to conduct a due diligence review of the company to determine the viability of a purchase, joint venture or strategic alliance agreement.
“Klean Industries has engineered a pragmatic, creative approach to solving modern energy and waste issues simultaneously,” said GTSO President and CEO John Shearer. “The acquisition of an emerging business dedicated to the development of innovative new green technologies is an opportunity we’re very much looking forward to exploring in depth.”
Green Technology Solutions invests in early-stage breakthrough products and technologies, developing new ideas into profitable, environmentally sound products and services. Most recently, the company has been working to develop new sources of rare earth resources in developing nations such as Mongolia, Kenya and Botswana. Rare earths are critical to the manufacture of leading-edge green energy solutions including wind turbine generators, photovoltaic solar panels and electric car batteries.
By acquiring Klean Industries, GTSO would gain new business and expertise in a rapidly emerging segment of the green technology sector.
“The exploration of new resources is essential to making green energy cost-competitive with fossil fuels,” Shearer said. “The innovative thinking behind Klean Industries’ business model is exactly what is needed to profitably preserve the planet.”
For more information on GTSO, please visit http://www.greentech-solutions.com/investors.
Green Technology Solutions commercializes clean and renewable technology in a sector that includes Siemens (NYSE:SI - News), General Electric (NYSE:GE - News), Koninklijke Philips Electronics (NYSE:PHG - News) and First Solar (NASDAQ:FSLR - News)
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. (OTCQB: GTSO) is a growth-oriented clean energy company that acquires, develops and implements the latest green technology solutions for the production and distribution of energy. GTSO also pursues the acquisition of rare earths, gold and other materials used in the latest green-tech innovations through its division, Rare Earth Exporters. GTSO is an OTCQB publicly traded company. For more information, please visit our website at [http://www.GreenTech-Solutions.com]. For investment information and performance data, please visit http://www.GreenTech-Solutions.com/investors.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Contact:
Green Technology Solutions, Inc.
John Shearer, 408-432-7285
President and CEO
info@greentech-solutions.com
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