Lil
03-22-2006, 08:18 AM
Business Editors / Energy Writers
NEW YORK--(BUSINESS WIRE)--March 22, 2006--
Veridium Corporation (OTC Bulletin Board: VRDM) today
announced its execution of a license agreement with General
Ultrasonics Corporation, a development stage company that owns
patented technologies that use ultrasonic energies to enhance physical
and chemical reactions and to synthesize clean fuels from qualified
carbon-based, hydrocarbon-based, and other liquids, solids and gases.
Under the terms of the license agreement, Veridium has the right
to use the General Ultrasonics technologies on all applications
involving the processing of wastes such as industrial wastes,
municipal solid wastes, sewage, residential wastes, and agricultural
wastes.
General Ultrasonics' technologies use high intensity ultrasonic
energies to enable a new type of hydrogen reformation that is capable
of significantly reducing the scale at which hydrogen production is
cost-effective. This reduction in scale is made possible by a
demonstrated 25% reduction in the temperatures required to affect the
reformation reaction as compared to standard steam reformation of
natural gas (SRNG), and even greater gains as compared to partial
oxidation processes (POX). In standard SRNG and POX processes, the
reformation reaction is catalysed chemically. The General Ultrasonics
process leverages mechanical processes to generate ultrasonic energies
that in turn catalyze the reformation reaction at lower temperatures.
General Ultrasonics' reformation process was designed to produce
hydrogen out of a variety of carbonaceous and hydrogen-containing
feedstocks. Initial testing on General Ultrasonics' prototypes has
demonstrated that hydrogen production at small scales with varied
carbonaceous feedstocks is achievable with the technology.
Kevin Kreisler, GreenShift's chairman and chief executive officer,
said that "I believe that the efficiency gains of the General
Ultrasonics technologies also make possible substantial new
opportunities to safely and cost-effectively convert wastes into clean
fuels and clean energy. This is a critical technology for Veridium's
portfolio. We intend to support the development of the technology in
ways that first bring additional production improvements to the
ethanol production industry. Veridium's first goal with the license
will be to develop and deploy an application that converts discarded
corn stalks and other related by-products into clean fuels and/or
energy."
Veridium and General Ultrasonics are both portfolio companies of
GreenShift Corporation (OTC Bulletin Board: GSHF), a publicly traded
business development company whose mission is to develop and support
companies and technologies that facilitate the efficient use of
natural resources and catalyze transformational environmental gains.
About Veridium Corporation
Veridium Corporation (OTC Bulletin Board: VRDM) is a publicly
traded industrial waste recycling company and holds the rights to more
than a dozen proprietary universal processing, water purification,
emissions control and waste recycling technologies.
Veridium's business model is based on the engineering and
marketing of green innovations and processes that enhance
manufacturing efficiencies, improve resource utilization and minimize
waste. Veridium's mission is to deliver consumer oriented Natural
Solutions(TM) based on an array of green technologies and applied
engineering expertise that reduce waste at the source and make it
easier for people and businesses to recycle and reuse resources.
Veridium plans to focus on the continued acquisition, development and
marketing of benchmark green technologies and products that accomplish
the following key goals:
-- Reduce the volume of waste generated by residential and
commercial consumers;
-- Increase the convenience and decrease the cost of recycling by
residential and commercial consumers; and,
-- Increase the cost-efficiency of processing certain types of
industrial wastes.
Veridium is about 70% owned by GreenShift Corporation (OTC
Bulletin Board: GSHF), a publicly traded business development company
whose mission is to develop and support companies and technologies
that facilitate the efficient use of natural resources and catalyze
transformational environmental gains.
Safe Harbor Statement
This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities Act
of 1933 and the Securities Exchange Act of 1934, as amended by the
Private Securities Litigation Reform Act of 1995. Those statements
include statements regarding the intent, belief or current
expectations of Veridium Corporation, and members of their management
as well as the assumptions on which such statements are based.
Prospective investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve risks
and uncertainties, and that actual results may differ materially from
those contemplated by such forward-looking statements. Important
factors currently known to management that could cause actual results
to differ materially from those in forward-statements include
fluctuation of operating results, the ability to compete successfully
and the ability to complete before-mentioned transactions. The company
undertakes no obligation to update or revise forward-looking
statements to reflect changed assumptions, the occurrence of
unanticipated events or changes to future operating results.
KEYWORD: NORTH AMERICA NEW YORK UNITED STATES
INDUSTRY KEYWORD: ENERGY CONTRACT/AGREEMENT
SOURCE: Veridium Corporation
CONTACT INFORMATION:
Veridium Corporation
Investor Relations, 888-870-9197 - Extension 291
Fax: 646-792-2636
investorrelations@veridium.com
www.veridium.com
or
CEOcast, Inc. for Veridium
Ed Lewis, 212-732-4300
NEW YORK--(BUSINESS WIRE)--March 22, 2006--
Veridium Corporation (OTC Bulletin Board: VRDM) today
announced its execution of a license agreement with General
Ultrasonics Corporation, a development stage company that owns
patented technologies that use ultrasonic energies to enhance physical
and chemical reactions and to synthesize clean fuels from qualified
carbon-based, hydrocarbon-based, and other liquids, solids and gases.
Under the terms of the license agreement, Veridium has the right
to use the General Ultrasonics technologies on all applications
involving the processing of wastes such as industrial wastes,
municipal solid wastes, sewage, residential wastes, and agricultural
wastes.
General Ultrasonics' technologies use high intensity ultrasonic
energies to enable a new type of hydrogen reformation that is capable
of significantly reducing the scale at which hydrogen production is
cost-effective. This reduction in scale is made possible by a
demonstrated 25% reduction in the temperatures required to affect the
reformation reaction as compared to standard steam reformation of
natural gas (SRNG), and even greater gains as compared to partial
oxidation processes (POX). In standard SRNG and POX processes, the
reformation reaction is catalysed chemically. The General Ultrasonics
process leverages mechanical processes to generate ultrasonic energies
that in turn catalyze the reformation reaction at lower temperatures.
General Ultrasonics' reformation process was designed to produce
hydrogen out of a variety of carbonaceous and hydrogen-containing
feedstocks. Initial testing on General Ultrasonics' prototypes has
demonstrated that hydrogen production at small scales with varied
carbonaceous feedstocks is achievable with the technology.
Kevin Kreisler, GreenShift's chairman and chief executive officer,
said that "I believe that the efficiency gains of the General
Ultrasonics technologies also make possible substantial new
opportunities to safely and cost-effectively convert wastes into clean
fuels and clean energy. This is a critical technology for Veridium's
portfolio. We intend to support the development of the technology in
ways that first bring additional production improvements to the
ethanol production industry. Veridium's first goal with the license
will be to develop and deploy an application that converts discarded
corn stalks and other related by-products into clean fuels and/or
energy."
Veridium and General Ultrasonics are both portfolio companies of
GreenShift Corporation (OTC Bulletin Board: GSHF), a publicly traded
business development company whose mission is to develop and support
companies and technologies that facilitate the efficient use of
natural resources and catalyze transformational environmental gains.
About Veridium Corporation
Veridium Corporation (OTC Bulletin Board: VRDM) is a publicly
traded industrial waste recycling company and holds the rights to more
than a dozen proprietary universal processing, water purification,
emissions control and waste recycling technologies.
Veridium's business model is based on the engineering and
marketing of green innovations and processes that enhance
manufacturing efficiencies, improve resource utilization and minimize
waste. Veridium's mission is to deliver consumer oriented Natural
Solutions(TM) based on an array of green technologies and applied
engineering expertise that reduce waste at the source and make it
easier for people and businesses to recycle and reuse resources.
Veridium plans to focus on the continued acquisition, development and
marketing of benchmark green technologies and products that accomplish
the following key goals:
-- Reduce the volume of waste generated by residential and
commercial consumers;
-- Increase the convenience and decrease the cost of recycling by
residential and commercial consumers; and,
-- Increase the cost-efficiency of processing certain types of
industrial wastes.
Veridium is about 70% owned by GreenShift Corporation (OTC
Bulletin Board: GSHF), a publicly traded business development company
whose mission is to develop and support companies and technologies
that facilitate the efficient use of natural resources and catalyze
transformational environmental gains.
Safe Harbor Statement
This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities Act
of 1933 and the Securities Exchange Act of 1934, as amended by the
Private Securities Litigation Reform Act of 1995. Those statements
include statements regarding the intent, belief or current
expectations of Veridium Corporation, and members of their management
as well as the assumptions on which such statements are based.
Prospective investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve risks
and uncertainties, and that actual results may differ materially from
those contemplated by such forward-looking statements. Important
factors currently known to management that could cause actual results
to differ materially from those in forward-statements include
fluctuation of operating results, the ability to compete successfully
and the ability to complete before-mentioned transactions. The company
undertakes no obligation to update or revise forward-looking
statements to reflect changed assumptions, the occurrence of
unanticipated events or changes to future operating results.
KEYWORD: NORTH AMERICA NEW YORK UNITED STATES
INDUSTRY KEYWORD: ENERGY CONTRACT/AGREEMENT
SOURCE: Veridium Corporation
CONTACT INFORMATION:
Veridium Corporation
Investor Relations, 888-870-9197 - Extension 291
Fax: 646-792-2636
investorrelations@veridium.com
www.veridium.com
or
CEOcast, Inc. for Veridium
Ed Lewis, 212-732-4300