GreenShift Corp. (GERS) strikes deal, stock jumps

Posted on: Tuesday, August 16th, 2011
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GreenShift Corp. (OTCBB: GERS) doubled in price to two-100ths of a cent Monday morning, on word of a new licensing and installation agreement. Volume for the stock was six million shares. By late afternoon trading Tuesday, Greenshift stock had given back 50% of the gains.

A news release issued August 15 declared that the company, based in Alpharetta, Ga., announced today its execution of a license agreement with Advanced BioEnergy LLC and the successful commissioning of GreenShift’s patented corn oil extraction technology at Advanced BioEnergy’s 110-million-gallon-per-year ethanol plant in Fairmont, Nebraska.

Under the terms of the agreement, GreenShift has designed and assisted Advanced BioEnergy with the construction of a system based on GreenShift’s patented corn oil extraction process. The system includes use of two Alfa Laval Disc Stack Centrifuges for maximum performance. In addition, GreenShift will provide Advanced BioEnergy with ongoing technical support to maximize the performance and benefits of the new corn oil extraction system.

In the same release, GreenShift Chief Technology Officer David Winsness said, “Ethanol plants need to think differently about by-product management today, GreenShift’s technologies allow licensed producers to get the most out their by-products. A key focal point of our offering is extracting and shifting products into markets where they inherently have higher values, such as, in the case of corn oil, the biodiesel and specialty chemical markets. We are very pleased to be working with Advanced BioEnergy and its progressive, high-caliber team.”

GreenShift Corporation develops and commercializes clean technologies that facilitate the more efficient use of natural resources.

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Category: Alternative Energy Stocks
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