|By Business Wire||
|January 28, 2014 06:09 AM EST||
Through its partners in Latin America, Green Technology Solutions (OTCBB: GTSO) is developing a commercial strategy utilizing research and development facilities to better mine rare earths, precious elements and other metals from electronic-waste. The Company believes this approach will enable it to take its share of the growing global electronic-waste marketplace that is projected to reach $11.4 billion this year.
GTSO is currently collaborating with academia and government in Latin America largely through e-waste with partner Chilerecicla to develop an R&D commercialization facility that focuses on the growing impact of e-waste in society.
The R&D commercialization facility would study economics by region and the specific types of e-waste; concentration by e-waste product with a particular focus on the supply chain and how it works for them; and processes of extraction and identifying the most economic ways to recover these minerals.
“We are excited to be working with the R&D commercialization concept in Chile where they not only have a wealth of e-waste, but their government and academia offers tremendous support in the recovery of minerals from e-waste,” GTSO CEO Paul Watson said. “By having a Latin American base of operations for research and development, GTSO would be positioned as a key player in the global urban mining marketplace.”
Urban mining is pivotal to GTSO’s vision to compete alongside major international corporations striving for sustainable waste solutions, such as Covanta Holding Corporation (NYSE: CVA), Industrial Services of America (NASDAQ: IDSA) and Sims Metal Management Ltd. (NYSE: SMS). Late last year, GTSO acquired the company Global Cell Buyers and soon after rebranded the company as Green Urban Mining to handle its domestic recycling and resale operations.
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. is a growth-oriented company exploring rare earth minerals and precious metals production around the world. To learn more, please visit http://www.gtsoresources.com/investors.html.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
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