GERS - NEWS $$ GreenShift Awarded Patent for Corn Oil Extraction

[JohnBo]

GreenShift Awarded Patent (http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42514478#) for Corn Oil Extraction

Date : 10/14/2009 @ 11:45AM
Source : Business Wire
Stock : GreenShift Corporation (GERS)
Quote : 0.005 0.0034 (212.50%) @ 2:59PM


GreenShift Awarded Patent for Corn Oil Extraction


GreenShift Corporation (OTC Bulletin Board: GERS) announced today that the U.S. Patent and Trademark Office (http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42514478#) has issued U.S. Patent No. 7,601,858, titled "Method of Processing Ethanol Byproducts and Related Subsystems” (the ’858 Patent) for the extraction of corn oil to GS CleanTech Corporation, a wholly-owned subsidiary of GreenShift.


GreenShift’s patented and patent-pending corn oil extraction technologies enable GreenShift and its licensees to “drill” into the back-end of first generation corn ethanol plants to tap into a new reserve of inedible crude corn oil with an estimated industry-wide output of about 20 million barrels per year. This corn oil is a valuable second generation feedstock for use in the production of biodiesel and renewable diesel – advanced carbon-neutral liquid fuels, thereby enhancing total fuel production from corn and increasing ethanol plant profits.


“The issuance of the ‘858 Patent is a significant milestone for GreenShift and its stakeholders,” said Kevin Kreisler, GreenShift’s chairman and chief executive officer. “GreenShift has a substantial investment in the development of these important and timely new technologies. We look forward with great anticipation to working with the ethanol industry to press the evolution of corn ethanol forward into enhanced sustainability.”

The ‘858 Patent covers processes for recovering corn oil by evaporating, concentrating and mechanically processing thin stillage, a precursor to the distillers grain co-product of corn ethanol production (“DDGS”). Historically, ethanol production facilities have sold DDGS for animal feed, with all of the oil trapped inside. An estimated 3.4 million tons of corn oil passed unrecovered through the U.S. ethanol industry during 2008 alone.


GreenShift’s portfolio of patented and patent-pending extraction technologies can cost-effectively extract most of this corn oil, thereby increasing biofuel yields per bushel of corn by 7% while reducing the energy consumption and greenhouse gas (“GHG”) intensity of corn ethanol production by an estimated 21% and 29%, respectively.


David Winsness, GreenShift’s chief technology officer and co-inventor (http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42514478#) of GreenShift’s extraction technologies, added that: “There are no other technologies that have been developed for corn ethanol producers that begin to approach even a fraction of these results in the entire history of the ethanol industry. While this patent establishes our dominant ownership and technology leadership in corn oil extraction, we have many more patent applications pending that strengthen GreenShift’s position as a leading technology partner in the ethanol industry.”

GreenShift’s technical services staff is available at 888-ETHANOIL or sales@greenshift.com to respond to quotation requests and to answer any questions about GreenShift’s corn oil extraction and other technologies.


About GreenShift Corporation

GreenShift Corporation (OTC Bulletin Board: GERS) develops and commercializes clean technologies that facilitate the efficient use of natural resources. GreenShift’s revenue model is based on the use of its proprietary technologies to become a leading producer of biomass-derived products, and to do so at reduced cost and risk by extracting and refining raw materials that other producers cannot access or process. Additional information is available online at www.greenshift.com.


Safe Harbor Statement

This press release (http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42514478#) 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.

[JohnBo]

GreenShift Files Infringement Lawsuit against GEA Westfalia
Date : 10/14/2009 @ 3:02PM
Source : Business Wire
Stock : GreenShift Corporation (GERS)
Quote : 0.0041 0.0025 (156.25%) @ 3:59PM


GreenShift Files Infringement Lawsuit against GEA Westfalia





GreenShift Corporation (OTC Bulletin Board: GERS) announced today that its wholly-owned subsidiary, GS CleanTech Corporation, has filed a legal action in the United States District Court (Southern District of New York) against GEA Westfalia Separator, Inc. and others in the industry for infringing on GreenShift’s U.S. patent covering corn oil extraction technology.


The complaint alleges that GEA Westfalia Separator, Inc. (“Westfalia”) and others in the industry infringed U.S. Patent No. 7,601,858, titled "Method of Processing Ethanol Byproducts and Related Subsystems” (the “’858 Patent”). The '858 Patent covers processes for recovering corn oil by evaporating, concentrating and mechanically processing thin stillage, a precursor to the distillers grain co-product of corn ethanol production (“DDGS”).


A typical ethanol plant converts each 56-pound bushel of corn it receives into 18 pounds of ethanol, 18 pounds of carbon emissions, and 18 pounds of DDGS. Every kernel of corn has a fat (corn oil) content of about 3.6%. This corresponds to about 2 pounds of corn oil per bushel of corn.


GreenShift’s Intellectual Property Portfolio provides ethanol production facilities with efficient processes for extracting upwards of 1.4 pounds of corn oil per bushel in a way that also reduces the amount of energy needed to refine ethanol out of corn by as much as 9,000 Btu per gallon of ethanol produced. This energy savings corresponds to a dramatic reduction in the fossil fuel consumption and carbon emissions of the host ethanol facility.


The U.S. ethanol industry produced more than 30 billion gallons of ethanol between 1980 and 2004, the year that GreenShift’s team demonstrated, for the first time, the feasibility of GreenShift’s now patented corn oil extraction technology. During that same period, about 7.4 million tons of corn oil passed untouched through the ethanol industry and was fed to livestock for a fraction of its value bound within 65 million tons of DDGS. Further, by leaving the corn oil in its DDGS, the industry was less energy efficient and consumed more energy than necessary to dewater and dry the DDGS.


For context, the ethanol industry has the capacity to produce about 11.5 billion gallons of ethanol during 2009. With a majority of plants adopting GreenShift’s Intellectual Property Portfolio, the ethanol industry could be saving about 100 million MMBtu per year while producing more than 2.8 million tons of inedible corn oil per year. The result at current market prices is staggering: the ethanol industry could be producing an additional $0.13 per gallon of ethanol produced, or over $1.1 billion, in additional profit today by using GreenShift’s patented and patent-pending corn oil extraction technologies. And, this excludes the impact of premiums paid for defatted DDGS in some markets, and the value of shaving tens of millions of metric tons per year of greenhouse gas (“GHG”) emissions off of America’s carbon footprint.


“The economic and environmental benefits to the ethanol industry made possible by our portfolio of patented and patent-pending extraction technologies are remarkable,” said Kevin Kreisler, GreenShift’s chairman and chief executive officer. “These benefits laid dormant for the 24 years that preceded GreenShift’s invention of extraction technology. It is GreenShift's opinion, as outlined in the pleadings, that Westfalia, seven years after it started offering equipment to the ethanol industry, and well after we introduced the market to the benefits of corn oil extraction, took to trivializing our innovations as they solicited and induced many in the ethanol industry into using our now patented technology well after our patent applications were published. GreenShift will protect its investment in its intellectual properties. In the meantime, we will continue to offer our technologies to the ethanol industry in fair, win-win arrangements for all interested parties, while working with targeted strategic partners to bring our innovative technologies to the marketplace.”

GreenShift’s technical services staff is available at 888-ETHANOIL or sales@greenshift.com to respond to quotation requests and to answer any questions about GreenShift’s corn oil extraction and other technologies.


Additional information pertaining to GreenShift’s infringement action against Westfalia is available online at www.greenshift.com in GreenShift’s October 14, 2009 Current Report on Form 8K.


About GreenShift Corporation

GreenShift Corporation (OTC Bulletin Board: GERS) develops and commercializes clean technologies that facilitate the efficient use of natural resources. GreenShift’s revenue model is based on the use of its proprietary technologies to become a leading producer of biomass-derived products, and to do so at reduced cost and risk by extracting and refining raw materials that other producers cannot access or process. Additional information is available online at www.greenshift.com.


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.