Veridium Executes License For GreenShift's Tornado Generator
The Tornado Generator™ accelerates compressed air to supersonic speeds in a closed cyclonic chamber where the air is powerful enough to almost instantly grind, flash desiccate and atomize solid and liquid wastes and other materials into micron sized powders.
"I am fascinated by the Tornado Generator™ technology," said Kevin Kreisler, Veridium's chairman and chief executive officer. "I have personally extensively researched a great many green technologies and I believe that this technology has staggering application potential because it is robust, it can process a very broad spectrum of materials, it is cost-effective to operate, and it is very scalable - which is extremely important."
"The Tornado Generator™ is one of several key technologies that Veridium intends to acquire as it builds its portfolio of green technology holdings," added Kreisler. "One of the remarkable operating properties of this technology is that it makes the in-line processing of qualified industrial wastes possible - this basically means that several capital intensive and otherwise expensive steps in conventional industrial waste treatment can be entirely by-passed for qualified waste streams. This can have significant positive impacts on the operating costs of industrial waste generators if successfully implemented, and we are extremely excited by this possibility."
GIDC is currently refining the design of a skid-mounted industrial waste processing system for Veridium based on the Tornado Generator™ technology.
Under the terms of the license agreement, Veridium agreed to pay GIDC royalties equal to 3% of all service and product revenue generated by Veridium from the use of the Tornado Generator™ technology.
SOURCE: Veridium Corporation