ALPHARETTA, GEORGIA, September 15, 2016 – GreenShift Corporation (OTCQB: GERS) provided an update regarding the ongoing patent infringement action involving GreenShift's subsidiary, GS CleanTech Corporation ("CleanTech"), and its corn oil extraction patents.
In October 2014, the District Court for the Southern District of Indiana ruled in favor of the defendants in CleanTech's pending patent infringement matter on their motions for summary judgment alleging, among other things, that certain of our corn oil extraction patents were invalid (U.S. Patent Nos. 7,601,858 (the "'858 patent"); 8,008,516 (the "'516 patent"); 8,008,517 (the "'517 patent"); and 8,283,484 (the "'484 patent" and, collectively, the "Patents in Suit")). The court ruled last week that the Patents in Suit were additionally unenforceable because of inferences that our inventors and attorneys engaged in inequitable conduct by knowingly withholding material information with an intent to deceive the U.S. Patent and Trademark Office ("USPTO").
Both rulings are appealable. We disagree with the court's conclusions in each ruling, and believe that each decision relied heavily on an erroneous determination that the inventions were reduced to practice in 2003 as a result of limited, small-scale bench testing.— Read more —
ALPHARETTA, GEORGIA, January 20, 2015 – GreenShift Corporation (OTCQB: GERS) announced today that the U.S. Patent and Trademark Office ("USPTO") recently issued Notice of Allowances for the following U.S. Pat. Application Nos.:
Alpharetta, GA, October 27, 2014 – GS CleanTech Corporation, a wholly owned subsidiary of GreenShift Corporation (OTCQB: GERS), today announced that on October 23, 2014 the District Court in Indiana ruled in favor of the defendants on their motions for summary judgment against the corn oil extraction patents that have been issued to GS CleanTech. GreenShift strongly disagrees with the Judge's ruling and intends to mount a vigorous appeal. It is important to note that all patents remain valid until the appeals process is exhausted. This may be an initial victory to GreenShift's opponents, but as the inventors of the corn oil extraction process that has been adopted by the vast majority of ethanol plants, GreenShift expects to ultimately prevail. — Read more —
Alpharetta, GA, May 14, 2014 – GS CleanTech Corporation, a wholly owned subsidiary of GreenShift Corporation (OTCQB: GERS), today announced it has extended its on-going service contract with Sunoco Inc through the end of 2016. The contract calls for GS CleanTech to provide maintenance and corn oil yield enhancements for the Corn Oil Extraction System licensed to Sunoco at its Fulton ethanol plant. — Read more —