B Green Innovations Inc. (BGNN) wins patent, shares hike
Posted on: August 25th, 2011Written by:
B Green Innovations Inc. (OTCBB: BGNN) shares traveled 57.1% higher Thursday morning to 11-100ths of a cent on word Wednesday of the awarding of a new patent. Volume for the stock totaled 300,000 shares.
A release dated August 24 showed that the company out of Matawan, New Jersey received notification of a patent allowance award for Embedded Recycled Container Sheet. B Green plans to license the technology or create products from the compressed flat composite recycled bottle sheets so as to retain the visible display of the of deformed identifiable bottles, such as cutting boards, baskets, kitchen gadgets, trays, bins, cases, book binders and flower pots.
The invention relates generally to a method of producing composite recycled bottle (also referred to as containers herein) sheets from recycled plastic containers embedded in plastics. This is the fourth B Green Innovations, Inc. patent to be issued.
“The grants of these patents are centrally important to B Green, Inc. not only to preserve its technology but also to leverage offensively in the marketplace,” the release quoted CEO Jerome Mahoney as saying.
The B Green Innovations, Inc. “Go Green” mission from its inception is to create a “Green” company for the development of solutions to eliminate waste from the world’s environment.
