Stratean Inc. Expands Gasification IP with Additional U.S. Patent
Granted U.S. Patent for Gasification Technology and Process for Converting Feedstock to Useable Fuel
SALT LAKE CITY, UT / ACCESSWIRE / May 31, 2016 / Stratean, Inc. (OTC: SRTN), the developer of a patented and revolutionary “stratified” downdraft gasifier, today announced that it has expanded its intellectual property related to gasification technology.
Effective June 7, 2016, the U.S. Patent and Trademark Office issued to Stratean, Inc. U.S. Patent No. 9,359,567, protecting the company’s gasification technology and process for using feedstock comprising gaseous fuel. The patent further protects Stratean’s gasification technology, which is designed and developed to address the growing concern surrounding environmentally-friendly and economically-viable alternatives to traditional waste management processes.
Matthew Schultz, Chief Executive Officer of Stratean, Inc., commented, “This new patent is evidence of the unique value of our innovative gasification technology and production processes as well as the thought leadership we are providing in the quest for clean, renewable energy alternatives. Our patented technologies and processes provide a clear advantage to conventional alternatives and a means to capture and use a significant energy resource in our country’s landfills. Issuance of this patent expands the protection of our innovations as we prepare for commercial production and market introduction of our solution [later this year].”
About Stratean, Inc.
From the trash can to the gas can, Stratean, Inc. has successfully designed, engineered, manufactured and patented a revolutionary ‘stratified’ downdraft gasifier. Our partners, such as Petersen, Inc., ICON Renewables, Combustion Resources and others have worked with us to create a logical solution for profitably handling MSW, Coal, Plastics, Municipal Sewage and many other feedstocks. All with ZERO airborne emissions. We’ve aligned ourselves with research universities such as Utah State University, The University of Utah, and BYU to certify and maximize the efficiencies and production of our technology. To learn more, visit http://www.stratean.com/.
Information about Forward-Looking Statements
Statements in this press release relating to plans, strategies, testing and operational performance, projections of results of specific activities and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. This release contains “forward-looking statements” that include information relating to future events and future financial and operating performance. The words “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for the Company’s products, the introduction of new products, the Company’s ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company’s liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in the Company’s filings with the United States Securities and Exchange Commission (the “SEC”). For a more detailed description of the risk factors and uncertainties affecting the Company, please refer to the Company’s recent SEC filings, which are available at http://www.sec.gov. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Website: http://www.stratean.com
Contact:
Investor Relations:
Brett Maas, Managing Partner, Hayden IR,
(646)536-7331, brett@haydenir.com
SOURCE: Stratean, Inc.
ReleaseID: 440463