GreenShift '858 Patent Extended

NEW YORK - (Business Wire) GreenShift Corporation (OTC Bulletin Board: GERS) announced today that the U.S. Patent and Trademark Office (“PTO”) has extended the term of U.S. Patent No. 7,601,858, titled "Method of Processing Ethanol Byproducts and Related Subsystems” (the ’858 Patent).

The ‘858 Patent, which was filed on May 5, 2005 and published on February 23, 2006, was previously scheduled to expire on May 5, 2025. The PTO extension pushes the expiration date out by 973 days to January 3, 2028, further strengthening the competitive advantage available to ethanol producers which license GreenShift’s technology.

“Our patented corn oil extraction technologies deliver important and timely benefits to the ethanol industry, facts which have been recognized by the EPA and repeatedly confirmed by the PTO,” said David Winsness, GreenShift’s Chief Technology Officer. “We are thankful for the additional time granted by the PTO and look forward to the continued opportunity to deliver additional value to the industry.”

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SkunK