Green Planet Growing System Receives Patently Good News
01 5월 2014 - 10:15PM
Marketwired
Green Planet Growing System Receives Patently Good News
TEMPE, AZ--(Marketwired - May 1, 2014) - Green Planet Group,
Inc. (OTC Pink: GNPG) (PINKSHEETS: GNPG) announced today that its
wholly owned subsidiary, Healing the Earth, Inc. (HTE), has
completed an initial patentability search regarding its
revolutionary food growing system. Based upon the results of
the search, patent practitioners at Schmeiser, Olsen & Watts
LLP, the Company's Intellectual Property law firm, have determined
that there are numerous features incorporated in the growing system
that are likely novel and patentable.
Schmeiser, Olsen & Watts LLP is regarded as one of the
leading intellectual property law firms in the U.S., filing patents
for both domestic and foreign protection. A patent search
regarding any IP conflicts was conducted at the United States
Patent Office, which includes U.S. patents as well as a number of
related foreign patents, publications and articles. Karen E.
Jachimowicz, the Company's patent agent, stated, "We have
determined that there are a number of features of the Company's
invention that are not disclosed by the prior art, and the chances
of getting a patent covering its invention are favorable." Ms.
Jachimowicz continued, "We advise that the Company file one or more
patent applications to protect these features of their
invention. Once completed, the inventions will be 'patent
pending'."
After reviewing the patent search results with Schmeiser, Olsen
& Watts, Edmond L. Lonergan, Green Planet Group CEO, said, "We
have approved the preparation of a patent application and are
delighted to hear the positive outcome of this patentability
search. We are committed to protecting the IP inherent in our
revolutionary growing system, which is now under construction."
Healing the Earth, Inc. is building a "proof of concept" growing
system installation in Congress, Arizona to verify the productivity
of the Company's groundbreaking organic growing technology and to
validate its three primary concepts: Food on Demand,
Food at the Point of Consumption and Fast Track
Food.
- This revolutionary growing system produces 100% organic food
naturally, with no GMOs (genetically modified organisms) or
chemical fertilizers.
- The system uses up to 90% less water than conventional growing
methods and plants grow up to 300% faster.
- GNPG projects that revenues from the HTE subsidiary could
exceed $200 million with a net profit of $40 million
within the next five years.
About Green Planet Group, Inc.
The Company is comprised of five wholly owned subsidiaries: one
operating company and four development companies. XenTx
Lubricants, Inc. produces lubricants and additives for gasoline and
diesel engines. Arizona Independent Power Company is a
development stage company holding rights to the Verde Pumped
Storage Project. AAQIS, Inc. is developing a hydrogen
generator which greatly reduces hydrocarbon emissions while
improving fuel efficiency in internal combustion
engines. Green Mining Technologies, Inc. is developing green
technologies for the mining of precious metals. The Company's
Healing the Earth subsidiary is developing a new "fast track"
growing system capable of growing vast amounts of fresh, organic
food.
Forward-Looking Statements
Certain statements contained herein are "forward-looking"
statements (as defined -- Private Securities Litigation Reform Act
of 1995). Green Planet Group, Inc. cautions that the
statements made in this press release constitute forward-looking
statements and no guarantees of future performance and actual
results or developments may differ materially from projections in
forward-looking statements. Forward-looking statements are
based on estimates and opinions of management at time the
statements are made.
Contact: Jim Schoenberger 602 614-0919
Email: jschoenberger@greenplanetgroup.com
Green Planet (CE) (USOTC:GNPG)
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