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Green EnviroTech Holdings, Corp. Files Comprehensive Patent for its GEN 1 End of Life Tire Processing Solution as a First Step to Building Plants Across the World

11/14/2017 | Press Release

JAMESTOWN, Nov. 14, 2017 -- Green EnviroTech Holdings Corp. (“Green EnviroTech” or “the Company”) (OTC: GETH), a technology company focusing on solutions to environmental and societal challenges, is pleased to announce that it has filed a comprehensive patent for its GEN 1 End of Life Tire Processing Solution

“I am delighted to announce that we have completed this important step to protect the intellectual property we have developed in the design of our GEN 1 End of Life Tire Processing Solution,” said Chris Bowers, CEO of Green EnviroTech. “Dealing with scrap tires is a global challenge, as more than 1 billion tires are discarded every year, in addition to the billions of tons of scrap tires that are already sitting in landfills, monofills and dumps. Our filing of this patent will not only support our ambitions in becoming a market leader in the handling of scrap tires in the United States, but will also enable Green EnviroTech to work with potential partners to license our technology and build GEN 1 End of Life Tire Processing Plants throughout the world.”

The Green EnviroTech GEN 1 End of Life Tire Processing Solution integrates, in a unique and proprietary manner, several technologies that have been proven at the required processing scale, complemented by a unique control system. This approach enables Green EnviroTech to produce high quality oil and carbon black end products.  Nearly all of the equipment in our GEN 1 Solution will be manufactured in the USA; our plants will be constructed by our Strategic Partners - BHP Engineering and Construction, and Schneider Electric.

Gary De Laurentis, Chairman of Green EnviroTech, added, “This patent is the culmination of many years of work by the GETH team who have been focused on perfecting a financially viable GEN 1 End of Life Tire Processing Solution.  It gives me great satisfaction to have achieved this significant milestone.”

About Green EnviroTech Holdings
Green EnviroTech Holdings Corp. (GETH) is first and foremost a technology company. Our mission is to find, develop and implement practical, economical solutions to address environmental issues associated with the production of waste, energy, water and food; and to create jobs and stimulate economic growth in the local communities where we operate as we strive to achieve this mission.

Forward Looking Statements 
This press release contains forward-looking statements that relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

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