Date: October 27, 2008
Source: CleanTech Biofuels, Inc.
CleanTech Biofuels Finalizes Transaction With World Waste Technologies
CleanTech Biofuels, Inc. (OTC Bulletin Board: CLTH), formerly a sublicensee of World Waste Technologies' patent (U.S. Patent No. 6,306,248 and Patent Cooperation Treaty, International Application No. PCT/US01/50049, Method for Transforming Diverse Pulp and Paper Products into a Homogenous Cellulosic Feedstock), announces that it has acquired that patent. CleanTech Biofuels is now able to file new United States and international patents based on the combined technologies described in the patent and those of Biomass North America Licensing.
CleanTech CEO, Ed Hennessey, noted, "We are very excited to have completed this transaction, as this acquisition creates many new opportunities for our company."
The newly acquired patent relates to the proprietary Pressurized Steam Classification process that CleanTech uses for cleaning and separating municipal solid waste into its component parts. This process creates a homogenous biomass that can be used as a renewable feedstock for the production of alternative energy in a variety of different applications. CleanTech is implementing its technology at a commercial site in Chicago, Illinois and is evaluating a number of additional sites for commercial development.
About CleanTech Biofuels, Inc.
CleanTech Biofuels, Inc. is a development stage company with technology that the company believes is capable of converting municipal solid waste into ethanol and other renewable energy products. By using the existing infrastructure for municipal solid waste collection and disposal to collect biomass at low or possibly negative feedstock cost, the Company expects to achieve profitability quickly relative to other energy producers who must develop their infrastructure to collect and transport more expensive feedstocks such as sugar cane, corn or even switchgrass, wood waste, or corn stover.
Safe Harbor:
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development, and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the Company's SEC reports.
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