Eco Innovation Group Receives Notice of Allowance from USPTO Covering Glytech, LLC Supercritical Plant Extraction Technology
Eco Innovation Group, Inc. (OTC: ECOX) announced on March 17, 2022, that it has received a Notice of Allowance from the USPTO for a patent on a new plant extraction method utilizing Glytech's supercritical glycerin extraction technology. CEO Julia Otey-Raudes highlighted the technology's potential to reduce waste in cannabis extraction and improve product standardization. This patent aligns with ECOX's focus on sustainable development and positions the company favorably within the cannabis and broader extraction industry.
- Received USPTO Notice of Allowance for a patent, enhancing competitive advantage.
- Potential to reduce waste in cannabis extraction using innovative technology.
- Alignment with green and sustainable development strategy.
- None.
VAN NUYS, Calif., March 17, 2022 /PRNewswire/ -- Eco Innovation Group, Inc. (OTC: ECOX) ("ECOX" or the "Company"), an innovative company aggregating investments in new technologies that promote environmental and social well-being and the advancement of green energy solutions, today announced that it has received a Notice of Allowance from the United States Patent and Trademark Office (USPTO) for its patent covering methods of extraction of plant materials obtained using Glytech's supercritical glycerin extraction technology exclusively licensed to ECOX.
"We are delighted to hear this positive news from the U.S. patent office," said Julia Otey-Raudes, Chief Executive Officer of Eco Innovation Group, Inc. "Glytech continues to make significant progress in making the technology available to the extraction industry including cannabis, perfumes, cosmetics and other products. The plant extraction method promises to reduce waste from vaping cannabis and to provide better standardization of extracts in products. "We believe Glytech's promising extraction performance and favorable safety profile, coupled with its differentiated mechanism of action, position supercritical glycerin plant extraction as a key method to be considered in the cannabis and marijuana extraction industry," said Otey-Raudes.
This decision by the U.S. patent office represents a key milestone in the alignment of ECOX's global patent strategy with our green and sustainable development path."
About Glytech, LLC
On December 16, 2020, Eco Innovation Group, Inc. entered into a Global Exclusive License Agreement with Glytech LLC, a California limited liability company ("Glytech"), and Demitri Hopkins, the coinventor with Michael Willems of the Glytech supercritical plant extraction technology ("Hopkins"). Under the terms of the Exclusive License Agreement, the Company exclusively acquired a license to the intellectual property rights from Hopkins and Glytech to commercialize the extraction technology.
About Eco Innovation Group
Eco Innovation Group was founded by Inventors and Business Professionals to help nurture and catalyze the most innovative and impactful products and services, and to deliver those innovations to the world, improving the quality of life in our communities and the world around us, while delivering value to our shareholders. At ECOX, we are dedicated to developing and commercializing successful products. But we will never lose sight of the fact that we exist, first and foremost, to help people and improve life on the planet we all share. We take our Social Responsibility Contract seriously in all our endeavors. It is not only what we do. It is who we are. For more information, visit www.ecoig.com.
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FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.
Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.
Corporate Contact:
Eco Innovation Group, Inc.
Julia.Otey@ecoig.com
www.ecoig.com
Public Relations:
EDM Media, LLC
https://edm.media
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SOURCE Eco Innovation Group
