New Recycling Innovation Could Lead to Big Profits for GTSO
SAN JOSE, Calif. -- May 24, 2013
In its quest to deliver promising new recycling innovations to the
fast-growing urban mining industry, Green Technology Solutions, Inc. (OTCBB:
GTSO) is exploring ways to leverage a new innovation that could soon solve the
looming global shortage in raw material supplies.
Researchers from the University of Leuven, Belgium, have developed a process
to separate neodymium and samarium from transition metals such as iron,
manganese and cobalt using ionic liquids. These are the critical elements used
in the construction of permanent rare-earth magnets, which are found in
indispensable electronics from hard drives to air conditioners and even wind
“The usefulness of neodymium and samarium in the microelectronics industry is
outweighed only by their scarcity,” said GTSO CEO Paul Watson. “In a U.S.
government register, these were the only two elements to feature in the
highest supply risk category, and the European Commission has placed them on a
list of critical raw materials.
“The development of a cost-effective, environmentally friendly process to
extract them from recycled electronics could mean billions in profits for
companies in the waste reclamation industry, and even more when you include
plastics,” he said.
GTSO views e-waste recycling as key to supplying future needs, turning waste
bins into the mines of the future. The company is investing time and money in
Latin American e-waste supplies and infrastructure today so that we’ll be able
to capture a major share of the massive U.S. marketplace tomorrow.
Urban mining is key to GTSO’s plans to compete alongside major international
corporations striving for sustainable waste solutions, such as Industrial
Services of America (NASDAQ: IDSA) and Sims Metal Management Ltd. (NYSE:SMS).
Late last year, GTSO acquired the companyGlobal Cell Buyers and soon after
rebranded the company asGreen Urban Mining to handleits domestic recycling
and resale operations.
AboutGreen Technology Solutions, Inc.
Green Technology Solutions, Inc. [www.gtsoresources.com] is a growth-oriented
company exploring rare earth minerals and precious metals production around
the world. To learn more, please visit the website
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meaning of Section 27A of the Securities Act of 1933, as amended, and Section
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Green Technology Solutions, Inc.
Paul Watson, 408-432-7285
President and CEO
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