Business
Green Star Products Announces New Patent, Initial 2014 Sales and Product Shipments
Green Star Products Announces New Patent, Initial 2014 Sales and Product Shipments.
About this update from Green Star Products, Inc.
[{"type":"text","content":"Today the President of Green Star Products, Inc. (PINKSHEETS: GSPI), Joseph LaStella, assessed the outlook for the second quarter of 2014 for GSPI and reviewed the first quarter accomplishments. Mr. LaStella stated, \"Early in 2011 Green Star announced a new business strategy to increase revenue for the company without requiring additional capital investment by licensing sales of our line of environmentally friendly products to other companies. In 2012 and 2013 we saw significant spending by many of these potential new partners on research into and future marketing of our products. GSPI at that time also formed alliances with other green companies to offer their products to Green Star's customer base as well.\" The first quarter of 2014 has begun to show the results of GSPI's new strategy as follows:1) After nine years of patent pending status, Joseph LaStella, President of Green Star Products, was notified by the US Patent and Trademark Office that his high-tech loop reactor patent was issued on February 11, 2014 (US Pat. #8648209) ?Loop Reactor for Making Biodiesel Fuel?. The loop reactor is the backbone of the highly efficient biodiesel plants manufactured by Green Star Products. Most present day biodiesel production systems require up to three hours and three different processes to convert feedstock oils through a transesterification process to produce crude biodiesel. The loop reactor does all these processes in one step and in less than five minutes. As a result, this patent significantly reduces the capital cost of a biodiesel plant. It also increases plant production capacity with less man power, reduces maintenance costs, reduces final product costs and reduces the carbon footprint of the plant. Although in the United States support for continued use of biodiesel in fuel markets has been weak due to high biodiesel feedstock prices, this is not true for the rest of the world. In countries around the world fuel prices are twice those in the United States. The issuance of this patent continues to propel GSPI into the forefront of this emerging industry. 2) In 2013, GSPI signed an agreement with Modern Spartan Systems, LLC (MSS) for the development and sales of our anti-wear and anti-friction product line, which would be used for high-tech lubrication in military, police, competition firearms and hunting weapons (see http:/...