SAN DIEGO , July 14, 2022 /PRNewswire/ - Greenbutts LLC., (the "Company" or "Greenbutts") a scientific leader in biodegradable filter technology, is pleased to announce that on July 11, 2022, the Canadian Intellectual Property Office granted Canadian Patent No. 2,949,484 for Greenbutts' patent application titled 'Biodegradable Cigarette Filter Tow and Method of Manufacture'.
The patent adds to Greenbutts' proprietary technology stack, offering an all-natural, biodegradable and water dispersing cigarette filter.
This Canadian patent grant follows several other countries including U.K. patent number GB2525363 granted on October 19, 2016 and U.S. patent number 10,076,135 granted on September 18, 2018 .
"Greenbutts' mission started 12 years ago, at a time when the phrase 'single-use plastic' was not used as often as it is today. Our dedication through extensive R&D with our world-class scientific team is now being recognized on a global scale as governments, industry and consumers are all in alignment with a green, clean future, said Tadas Lisauskas , Chief Executive Officer. "We are pleased to announce our third patent issuance of our multi-dimensional biodegradable cigarette filter, which is not only compatible with traditional combustible smoking products but also with heat-not-burn products. This patent has strategic importance to our organization as it comes in full alignment with the Canadian government's decision to ban the manufacture and importation of harmful single-use plastics, a historic move for North America . Our technology is a viable and sustainable alternative to cellulose acetate filters while maintaining the sensory experience, delivering the high-performance filtration capability of a traditional filter. As we continue progressing with our commercialization roadmap, growing our intellectual property portfolio will be an essential factor towards the maturity of the Company, especially with government and industry recognizing Greenbutts as a green alternative to plastic filters." added Mr. Lisauskas.
"Geenbutts is taking another strong step towards its leadership in biodegradable filtration technology." said Luis Sanches , Chief Strategy Officer. "The granting of this new IP by the Canadian Intellectual Property Office is another demonstration that the Company is advancing in becoming the most strategic partner to catalyse the tobacco industry to, once and for all, migrate from single-use plastic to a planet friendly, consumer-aligned and government-supported solution." continued Mr. Sanches.
Greenbutts is currently seeking patent protection for other aspects of its technology.
For information on Greenbutts's technology and commercial announcements, please visit: Greenbutts | Biodegradable Filters
Since 2010, Greenbutts has worked with R&D institutions, international tobacco companies, and industry experts to develop biodegradable filter technology – trademarked as a "Greenbutt". The Company has developed and patented a "zero-plastic" filter, made without any synthetic materials or plasticizers, 100% biodegradable and water dispersing which meets certain industry criteria. The proprietary Greenbutts filter is designed to reduce the significant environmental impact caused by plastic cigarette filter pollution. Over 4 trillion are discarded every year making single-use filters the most littered plastic item in the world. With over a decade of R&D and strong intellectual property, Greenbutts offers the $1 Trillion global tobacco industry a seamless transition to zero-plastic filters while meeting the new global single-use plastic (SUP) legislation initiatives.
This release includes forward-looking information within the meaning of Canadian securities laws and forward-looking statements within the meaning of U.S. securities laws (collectively, "forward-looking information"). Statements containing the words "believe", "expect", "intend", "should", "seek", "anticipate", "will", "positioned", "project", "risk", "plan", "may", "could", "estimate", or, in each case, their negative and words of similar meaning, are intended to identify forward-looking information. Forward-looking information in this release, which includes but is not limited to, trends in the disposable cigarette butts industry and market, including any potential future growth thereof, Greenbutts' plans for research and development and any potential commercialization of products, any potential results from clinical studies that may be undertaken by Greenbutts, any statements as to the efficacy of products that Greenbutts may develop, any future submission by Greenbutts of regulatory approval applications, any future receipt by Greenbutts of regulatory approval for any products that it may develop, any future receipt by Greenbutts of patents that have been applied for or may be applied for in respect of its technologies, the success of Greenbutts' existing and future business strategies and objectives and implementation, including any resulting benefits to Greenbutts' operations or financial and non-financial performance as a result of such strategies and objectives and implementation, completion of financing, and the use of proceeds of a financing, is subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by the forward-looking information. Such risks and uncertainties included but are not limited to, risks related to completion of a financing; dilutive effect of an offering and future offerings; competition from other competitor companies; violations of laws and regulations could result in repercussions; regulatory or political change; requirement of commercial scale and quality manufactured product supply; negative operating cash flow and going concern; limited operating history; requirement for additional capital to continue to develop business and realize on objectives; lack of product revenue; unfavourable publicity or consumer perception; reliance on the capabilities and experience of key executives and management; risk of product liability claims; COVID-19; litigation; conflicts of interest; ability to protect intellectual property; changes in patent law; requirement to share intellectual property to service providers; general economic, market and business conditions; and other factors and risks that cause actions, events or results not to be as anticipated, estimated or intended.
These risks, uncertainties and assumptions could adversely affect the outcome of the plans and events described herein. In addition, even if the outcome of the plans and events described herein are consistent with the forward-looking information contained in this release, those results or developments may not be indicative of results or developments in subsequent periods. Forward-looking information contained in this release is based on the beliefs and expectations of Greenbutts' management, which Greenbutts believes are reasonable as of the current date, and are subject to significant business, social, economic, political, regulatory, competitive and other risks, uncertainties, contingencies and other factors. Many assumptions are based on factors and events that are not within the control of Greenbutts and actual future results may differ materially from current expectations. Except as required by applicable law, Greenbutts assumes no obligation to update or revise any forward-looking information in this release to reflect new events or circumstances.
View original content:https://www.prnewswire.com/news-releases/greenbutts-announces-grant-of-patent-adds-to-ip-portfolio-301587027.html
The airline industry, as well as the world at large, was grounded once covid hit in March of 2020. Eventually some flights were available in 2020 with enhanced safety precautions, but relatively few people felt like taking the risk.
(Bloomberg) -- With recession fears mounting—and inflation, the war in Ukraine and the lingering pandemic taking a toll—many tech companies are rethinking their staffing needs, with some of them instituting hiring freezes, rescinding offers and making rounds of layoffs.Most Read from BloombergThe Crypto Collapse Has Flooded the Market With Rolex and PatekShock July Stock Rally Was a Monster the Fed May Regret SeeingTrump Can’t Be Blamed by Militia Group at Jan. 6 Trial, US SaysElon Musk’s Antics
Diversification isn't necessary if you know what you're doing, according to the Oracle of Omaha.
The U.S. Federal Aviation Administration (FAA) on Friday approved Boeing’s inspection and modification plan to resume deliveries of 787 Dreamliners, two people briefed on the matter told Reuters. The FAA approved Boeing’s proposal that requires specific inspections to verify the condition of the airplane meets requirements and that all work has been completed, a move […]
formally responded to Twitter lawsuit seeking to force him to go through with his $44 billion takeover of the social-media platform and included counterclaims against the company. It isn’t unusual for counterclaims against a public company to be filed confidentially, pending review for possible redactions of sensitive information. One of the counterclaims by Mr. Musk is expected to center on the allegation that Twitter changed its number of monetizable daily active users shortly after agreeing to the deal, and then didn’t provide thorough responses to requests by Mr. Musk’s team for data on the spam number, according to people familiar with the matter.
NEW YORK—The U.S. Securities and Exchange Commission on Friday added Alibaba Group Holding to a list of Chinese companies at risk of being delisted from the U.S. exchanges if their auditors can’t be inspected before spring 2024. The move comes days after Alibaba said it would apply for a primary listing in Hong Kong, where it obtained a secondary listing in 2019. Securing a primary listing in the Asian financial hub would allow Alibaba’s shares to continue to be traded even if it is booted from the American bourse.
This is the appointment not to be missed: Twitter v. Elon Musk. This expedited trial comes after Musk decided to withdraw his offer of $44 billion, at $54.20 per share, to buy Twitter , which he described as the de facto public town square of our time. The reason for withdrawing given by the CEO of Tesla is that the management of Twitter does not tell the truth about the number of spam bots, or fake accounts, existing on the platform.
More than a year after an activist investor-led shake-up, Exxon Mobil has ticked a lot of boxes to endear itself to its shareholders. Exxon Mobil on Friday said it generated nearly $16.9 billion in free cash flow in the second quarter, the highest since 2008 and roughly $900 million more than analysts polled by Visible Alpha had expected. Quarterly net income for both Exxon and Chevron hit a record—not entirely surprising given that Brent crude prices averaged $113.78 a barrel in the second quarter, a $12 per barrel increase compared with the first quarter.
Moving from a paycheck to multiple retirement income is complicated. Understanding retirement income types and how to manage them can be beneficial.
With world hunger on the rise, innovative companies such as Deere and Corteva could make a difference.
The number of job switchers reporting wage gains has expanded while the number of job stayers reporting wage gains actually contracted as inflation exacts its toll, according to Thursday findings from the Pew Research Center. “Most workers who switched employers continued to experience an increase in real earnings, and amid a surge in demand for new hires, their advantage over other workers in this respect appears to be widening,” researchers Rakesh Kochhar, Kim Parker and Ruth Igielnik wrote.
Semiconductor companies are awaiting signage of the crucial CHIPS Act by President Biden after it passed both the Senate and House of Representatives this week.
Lockheed, Raytheon and others say labor challenges are adding to wider supply-chain problems seen lingering into next year.
Walmart's profit warning Monday raised the alarm for retailers, but subsidiary Sam's Club may be in better shape as inflation sends shoppers searching for value, gas perks, and free samples.
SIGA BioArmor CEO Phil Gomez joins Yahoo Finance Live to discuss the latest on the global monkeypox outbreak and what resources the U.S. currently has available to fight it, including vaccines.
The current and former CEOs of the insurance giant are expected to testify in the trial, in which UnitedHealth is facing off against the U.S. Department of Justice over its effort to buy Change Healthcare.
WILMINGTON, Del. (Reuters) -Elon Musk countersued Twitter Inc on Friday, escalating his legal fight against the social media company over his bid to walk away from the $44 billion purchase, although the lawsuit was filed confidentially. Musk's lawsuit was filed hours after Chancellor Kathaleen McCormick of the Delaware Court of Chancery ordered a five-day trial beginning Oct. 17 to determine if Musk can walk away from the deal. Twitter did not immediately respond to a request for comment.
Retailers are facing a perfect storm of problems this earnings season.
A backlog of customer orders, dealerships’ low vehicle inventory and shoppers willing to pay higher sticker prices have all led to a string of profitable quarters for most global car companies—and are fueling optimism for profits in coming quarters.
The two largest U.S. oil companies, Exxon Mobil Corp and Chevron Corp, posted record revenue on Friday, bolstered by surging crude oil and natural gas prices and following similar results for European majors a day earlier. Exxon outpaced its rivals with a $17.9 billion quarterly profit, the most for any international oil major in history. Chevron, Shell and Total ran to catch up with Exxon's aggressive buyback program, which was kept unaltered.