GWTI Elects New Member to the Board Of Directors, Acting President of GWTI Resigns
Greenway Technologies (OTC: GWTI) has announced significant changes to its leadership. Robert Kevin Jones, a major shareholder and creditor, has been elected to the Board of Directors. Concurrently, Kent Harer has resigned from his position as Acting President. The company, based in Arlington, Texas, specializes in advanced gas-to-liquids (GTL) and gas-to-hydrogen (GTH) technology development through its subsidiary, Greenway Innovative Energy.
GWTI's core technology includes the patented G-Reformer® unit, which converts natural gas into synthesis gas. This innovation can be applied to various natural gas streams, producing cleaner fuels like gasoline, diesel, and jet fuel, as well as valuable chemicals. The company's technology also facilitates hydrogen creation without additional processing steps.
Greenway Technologies (OTC: GWTI) ha annunciato importanti cambiamenti nella sua leadership. Robert Kevin Jones, un grande azionista e creditore, è stato eletto nel Consiglio di Amministrazione. Contestualmente, Kent Harer si è dimesso dalla sua posizione di Presidente ad interim. L’azienda, con sede ad Arlington, Texas, si specializza nello sviluppo di tecnologie avanzate di gas-to-liquids (GTL) e gas-to-hydrogen (GTH) attraverso la sua controllata, Greenway Innovative Energy.
La tecnologia principale di GWTI comprende l'unità brevettata G-Reformer®, che converte il gas naturale in gas di sintesi. Questa innovazione può essere applicata a vari flussi di gas naturale, producendo combustibili più puliti come benzina, diesel e carburante per jet, oltre a sostanze chimiche preziose. La tecnologia dell'azienda facilita anche la creazione di idrogeno senza ulteriori passaggi di lavorazione.
Greenway Technologies (OTC: GWTI) ha anunciado cambios significativos en su liderazgo. Robert Kevin Jones, un importante accionista y acreedor, ha sido elegido para formar parte de la Junta Directiva. Al mismo tiempo, Kent Harer ha renunciado a su cargo como Presidente en funciones. La compañía, con sede en Arlington, Texas, se especializa en el desarrollo de tecnologías avanzadas de gas-a-líquidos (GTL) y gas-a-hidrógeno (GTH) a través de su subsidiaria, Greenway Innovative Energy.
La tecnología central de GWTI incluye la unidad patentada G-Reformer®, que convierte gas natural en gas de síntesis. Esta innovación puede aplicarse a diversos flujos de gas natural, produciendo combustibles más limpios como gasolina, diésel y combustible de aviación, así como productos químicos valiosos. La tecnología de la empresa también facilita la creación de hidrógeno sin pasos adicionales de procesamiento.
Greenway Technologies (OTC: GWTI)는 리더십에 대한 중요한 변화를 발표했습니다. 주요 주주이자 채권자인 로버트 케빈 존스가 이사회에 선출되었습니다. 동시에 켄트 하러는 임시 회장직에서 사임했습니다. 텍사스 주 알링턴에 본사를 두고 있는 이 회사는 자회사인 Greenway Innovative Energy를 통해 가스-액체(GTL) 및 가스-수소(GTH) 기술 개발에 전문화하고 있습니다.
GWTI의 핵심 기술에는 천연 가스를 합성 가스로 변환하는 특허받은 G-Reformer® 장치가 포함되어 있습니다. 이 혁신 기술은 다양한 천연 가스 흐름에 적용할 수 있으며, 휘발유, 디젤 및 항공 연료와 같은 더 깨끗한 연료와 가치 있는 화학 물질을 생산합니다. 회사의 기술은 추가 가공 단계 없이 수소 생성도 용이하게 합니다.
Greenway Technologies (OTC: GWTI) a annoncé des changements significatifs au sein de sa direction. Robert Kevin Jones, un actionnaire et créancier majeur, a été élu au Conseil d'Administration. Parallèlement, Kent Harer a démissionné de son poste de Président par intérim. L’entreprise, basée à Arlington, Texas, se spécialise dans le développement de technologies avancées de gaz-en-liquide (GTL) et de gaz-en-hydrogène (GTH) à travers sa filiale, Greenway Innovative Energy.
La technologie clé de GWTI comprend l'unité brevetée G-Reformer®, qui convertit le gaz naturel en gaz de synthèse. Cette innovation peut être appliquée à divers flux de gaz naturel, produisant des carburants plus propres tels que l'essence, le diesel et le carburant pour avions, ainsi que des produits chimiques précieux. La technologie de l'entreprise facilite également la création d'hydrogène sans étapes de traitement supplémentaires.
Greenway Technologies (OTC: GWTI) hat bedeutende Änderungen in seiner Führung angekündigt. Robert Kevin Jones, ein wichtiger Aktionär und Gläubiger, wurde in den Vorstand gewählt. Gleichzeitig hat Kent Harer von seiner Position als amtierender Präsident zurückgetreten. Das Unternehmen mit Sitz in Arlington, Texas, spezialisiert sich auf die Entwicklung fortschrittlicher Technologien zur Gas-zu-Flüssigkeit (GTL) und Gas-zu-Wasserstoff (GTH) Herstellung durch seine Tochtergesellschaft Greenway Innovative Energy.
Die Kerntechnologie von GWTI umfasst die patentierte G-Reformer®-Einheit, die Erdgas in Synthesegas umwandelt. Diese Innovation kann auf verschiedene Erdgasströme angewendet werden und produziert sauberere Kraftstoffe wie Benzin, Diesel und Flugbenzin sowie wertvolle Chemikalien. Die Technologie des Unternehmens erleichtert auch die Erzeugung von Wasserstoff ohne zusätzliche Verarbeitungsschritte.
- Election of Robert Kevin Jones, a major shareholder and creditor, to the Board of Directors
- Patented G-Reformer® technology capable of producing cleaner fuels and valuable chemicals
- Ability to process various natural gas streams, including flared and vented gas
- Technology facilitates hydrogen creation without additional processing steps
- Resignation of Kent Harer as Acting President, potentially losing valuable experience
- Reliance on a single technology (G-Reformer®) for business operations
ARLINGTON, Texas, July 23, 2024 (GLOBE NEWSWIRE) -- Greenway Technologies, Inc. (OTC: GWTI), (“Greenway”), an advanced gas-to-liquids (“GTL”) and gas-to-hydrogen (“GTH”) technology development company, announces that it elected Robert Kevin Jones to the Board of Directors and Kent Harer resigned as Acting President of the Company.
Mr. Jones is one of the largest shareholders and the largest single creditor of Greenway. He previously served on the Board of Directors and brings to the Company his skills and personal connections, which the Board of Directors believes will serve the company well.
Mr. Harer has served in the position of Acting President for many years and brought to Greenway a wealth of experience that has proven very valuable to the Company.
Based in Arlington, Texas, the Company, through its wholly-owned subsidiary, Greenway Innovative Energy, Inc., is engaged in the research and development of proprietary GTL and GTH syngas conversion systems that can be scaled to meet oil and gas field production requirements or the requirements of various processes where natural gas is available. The Company’s patented technology has been integrated into its recently completed first-generation commercial G-Reformer® unit, a unique component used to convert natural gas into synthesis gas. In the case of hydrogen creation, synthesis gas is created and separated into hydrogen gas and CO2 with no additional processing steps required. When combined with an FT reactor and catalyst, G-Reformer® units can be deployed to process a variety of natural gas streams, including pipeline gas, associated gas, flared gas, vented gas, coal-bed methane, and biomass to produce fuels including gasoline, diesel, jet fuel, and methanol as well as valuable chemical outputs. When derived from natural gas, these fuels are incrementally cleaner than conventionally produced oil-based fuels.
Notice Regarding Forward-Looking Statements:
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the ongoing effects of the pandemic on delays and orders regarding Greenway's proprietary gas-to-liquids system, potential business developments and future interest in our clean fuel technologies.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic and political conditions, the continuation of the JV with the University of Texas at Arlington, and the ongoing impact of the pandemic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
CONTACT:
Raymond Wright
Greenway Technologies, Inc.
raymond.wright@gwtechinc.com
For more information, visit GWTI's website: www.gwtechinc.com
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