Marquis Energy Licenses GreenShift’s Patented Corn Oil Extraction Technology
April 27 2010 - 8:00AM
Business Wire
GreenShift Corporation (OTC Bulletin Board: GERS) today
announced its execution of an agreement with Marquis Energy, LLC
(“Marquis Energy”), pursuant to which GreenShift has granted
Marquis Energy a license to use GreenShift’s patented corn oil
extraction technologies at Marquis Energy’s 100 million gallon
ethanol plant in Hennepin, Illinois.
Under the terms of the agreement, Marquis Energy will operate
its existing facility based on GreenShift’s patented corn oil
extraction technologies. In addition, GreenShift will provide
Marquis Energy with technical support, yield optimization and corn
oil marketing services with a view towards maximizing the
performance and benefits of Marquis Energy’s existing corn oil
extraction installation.
Mark Marquis, President and General Manager of Marquis Energy,
stated that: “We are confident that the license with GreenShift is
a win-win for both companies. The financial structure provides
natural incentives for both Marquis Energy and GreenShift as we
each gain from increased performance, yield and product value.
GreenShift invented and patented its corn oil extraction processes,
and the superior process knowledge and technical expertise of
GreenShift’s team is clear. In only a few weeks, GreenShift was
able to review our currently installed equipment and implement a
technical plan that included a series of adjustments to
systematically improve the reliability and production of our
existing extraction system. Current results indicate that
GreenShift has more than doubled our oil yields. We believe that we
will make more money with GreenShift than without.”
David Winsness, GreenShift’s Chief Technology Officer, added:
“We could not be more pleased to earn Marquis’ business and we are
committed to deliver the level of excellence and value that Marquis
expects.“
GreenShift’s technical services staff are 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 Marquis Energy, LLC
Marquis Energy is a leading ethanol producer in the Midwest and
the company was one of a few producers who were able to remain
profitable through a turbulent 2008 and 2009 renewable fuel
production environment. Marquis Energy’s success is due to the
experiences that the Marquis family’s management team has gained
from growing, buying and selling commodities since 1976, solid
financial planning and a well seasoned operations and logistics
team. These experiences have enabled Marquis Energy to be a top
performer in the ethanol industry and allow continued growth and
success moving forward.
About GreenShift Corporation
GreenShift Corporation (OTC Bulletin Board: GERS) develops and
commercializes clean technologies designed to address the financial
and environmental needs of its clients by decreasing raw material
needs, facilitating co-product reuse, and reducing the generation
of wastes and emissions.
GreenShift’s mission is to build shareholder value by using its
technologies to catalyze disruptive environmental gain. GreenShift
believes that the first, best and most cost-effective way to
achieve this is to develop technology-driven economic incentives
that motivate large populations of people and companies to make
incremental environmental contributions that are collectively very
significant. With adoption by most of the U.S. ethanol industry,
GreenShift’s commercially-available technologies can give way to
disruptive gains by enabling sustainably increased production of
globally-meaningful quantities of renewable fuels for distribution
through existing supply chains.
GreenShift also maintains its strong commitment to continued
innovation and has many additional patents pending for its Backend
Fractionation™ portfolio of strategically-compatible cleantech
designed to continue driving the corn ethanol industry into
increased sustainability and global competitiveness.
Additional information on GreenShift and its technologies 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.
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