UPDATES? Additional Patents or Patent Licensing?

If, as the previous blog suggests we are about to get an update on our Patents pending - the SkunK thinks that is likely to mean one of two things.

First of all some of our other patents (besides the two already received) may have been approved. This would be good news.

The second option may be we have news about negotiations for Patent licensing. This is where Greenshift makes a deal with a competitor to pay Greenshift for the use of its corn oil extraction technologies. This would be great news since it would likely involve cash flow, something very welcome in GERS-land. However, it would also involve passing additional information to our competitors.

Who could be involved in patent licensing negotiations with Greenshift?? Well, from previous Greenshift filings we have this:

"While each of the competing extraction providers has copied our patent-pending extraction technologies, they have done it poorly; their average yield is about 25% of our proven yield. The competing installations that we have seen also increase the host ethanol facility's use of fossil fuel, thereby reducing the net value of the oil that they are able to extract. Conversely, we reduce the utility costs of our ethanol clients by about 10%."

"Issued patents can be expected to have significant negative consequences for unauthorized use of our technologies by third parties." A p.11

http://www.greenshift.com/pdf/GERS_10K_2008_4_15_09.pdf
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We also have this from the 1Q:

"Focus exclusively on servicing the growth needs of our extraction technologies while facilitating the development of other clean technologies in our portfolio by issuing an early adopter license for use of our Cellulosic Corn(TM) technologies (not including extraction) to a qualified corn ethanol producer to finance and administer early stage development activities." 1Q p24

What does this mean?? Well, I see no signs Greenshift is about to offer licensing agreements to our competitors. So If the SkunK had to make a guess about what would be in an update of information about other GERS patents - or actions to protect the ones already received . . . I think licensing is possible but less likely at this point.

My best guess as always,
SkunK