SAN JOSE, Calif.--(BUSINESS WIRE)-- The key to a profitable and scalable urban mining business will be the development of advanced, automated mineral separation technology, said Green Technology Solutions (OTCBB: GTSO) CEO Paul Watson on Friday.
“There are a lot of companies around the world claiming to recover recycled minerals, but very few have hit upon truly scalable, cost-effective methods,” Watson said. “The key to scaling urban mining efforts for electronics is the efficient separation of key minerals, and that’s the problem GTSO is working to solve.”
Electronic products are made from valuable resources and materials, including metals, plastics, and glass, all of which require energy to mine and manufacture. Recycling and reclaiming the minerals in consumer electronics conserves natural resources and helps reduce air and water pollution caused by manipulating virgin materials.
According to the EPA, every one million cell phones recycled, 75 pounds of gold, 772 pounds of silver, 33 pounds of palladium and more than 35,000 pounds of copper can be recovered. GTSO is pursuing new technology to allow the efficient and affordable separation of these valuable resources from discarded electronics.
For more information on these initiatives, please visit www.GTSOResources.com/investors.html.
Urban mining is a major pillar of GTSO’s plans to compete alongside major international corporations striving for sustainable manufacturing solutions, such as Sprint Nextel Corp. (NYSE: S) and Toyota Motor Corporation (NYSE: TM). The company is also exploring traditional mining opportunities in the U.S. and Africa through its joint venture with Diamond V Associates.
About Green 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 our website at www.GTSOresources.com/investors.html.
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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.
Green Technology Solutions, Inc.
Paul Watson, 408-432-7285
President and CEO
Source: Green Technology Solutions, Inc.