GTSO: Advances in Separation Technology Key to 2013 Profits
SAN JOSE, Calif.--(BUSINESS WIRE)-- GTSO Resources, the mining subsidiary of Green Technology Solutions, Inc. (OTCBB: GTSO), believes it has identified the key to a profitable new year: breakthroughs in sorting and separation technologies that will lead to higher, more efficient yields of valuable metals from recyclables.
“Currently, the process of reclaiming materials like gold, palladium, copper and tungsten is very labor-intensive, and the only places where companies are turning a profit on e-waste recycling are third-world countries where cheap labor—often children—is readily available,” said GTSO CEO Paul Watson. “The future of e-waste recycling lies in new technologies capable of breaking down electronics and sorting valuable components quickly and efficiently, and it is these assaying and metallurgical processes that we plan to develop and commercialize in 2013.”
The problem with e-waste that GTSO is working to solve is just that: waste. Current recycling processes waste too many dollars and resources to be profitable. New technology promises to change that, which is why GTSO is pursuing new technologies and innovative processes geared towards efficient and affordable separation of these valuable resources from discarded electronics.
The plan could soon prove to be highly lucrative. 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.
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.
For more information on these initiatives, please visit www.GTSOResources.com/investors.html.
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
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