FORT WORTH, Texas, Oct. 16, 2014 (GLOBE NEWSWIRE) -- UMED Holdings, Inc. (OTCQB:UMED), through its wholly-owned subsidiary Greenway Innovative Energy, Inc. (GIE) announced today the issuance by the US Patent Office of an additional patent that covers its mobile Gas-to-Liquids ("GTL") conversion unit for the purpose of converting natural gas to clean synthetic fuels.
US patent number 8,795,597 covers claims associated with the process of transforming natural gas into hydrocarbon in a portable and mobile conversion unit. The process involves removing sulfur from the natural gas and converting it into synthetic gas. The synthetic gas will polymerize in a Fischer-Tropsch reactor, which includes catalyst filled pipes, creating a clean synthetic liquid fuel, which will be passed through a fractionation tower. The process is intended to produce high quality synthetic fuels focusing primarily on diesel and jet fuel.
The Greenway mobile Conversion Units will encompass several proprietary technological advancements, be relatively inexpensive to operate, dependable, long lived, and highly autonomous, requiring minimal oversight.
Ray Wright, President of Greenway said, "We continue to work diligently at building our patent estate and intellectual property portfolio to protect our GTL technology. This patent is another very important component in this increasingly competitive environment of finding alternatives to traditional energy sources."
About UMED Holdings, Inc.
UMED Holdings, Inc., is a Fort Worth, Texas-based global diversified holding company that owns and operates businesses in a variety of industries including energy, oil and gas, aerospace, food and beverage, and mining. Visit http://umedholdings.com to learn more.
About Greenway Innovative Energy, Inc.
Greenway Innovative Energy, Inc., located in Fort Worth, TX is comprised of oil and gas professionals developing mobile, small-scale Gas-to-Liquid (GTL) conversion units intended to take advantage of the abundant supply of natural gas resources throughout the world by way of improved and environmentally conscience technology. The advancement of this technology will enable natural gas producers to achieve stronger financial performance through conversion of natural gas to clean synthetic fuels. The conversion unit will be particularly useful in its application to stranded gas fields or stored gas facilities. Visit http://greenwaygtl.com to learn more.
Forward Looking Statements
This document contains forward-looking statements and information as that term is defined in the Private Securities Litigation Reform Act of 1995, and, therefore, is subject to certain risks and uncertainties. There can be no assurance that the actual results, business conditions, business developments, losses and contingencies and local and foreign factors will not differ materially from those suggested in the forward looking statements as a result of various factors, including market conditions, competition, advances in technology and other factors.
CONTACT: Carmel Advisors, LLC Brian Barnes 858-314-3390 877-412-3025 (Toll Free) firstname.lastname@example.org UMED Holdings, Inc. Contact Investor Relations 817-346-6900