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GWTI Name Robert Kevin Jones President

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Greenway Technologies, Inc. (OTC: GWTI) has appointed Robert Kevin Jones as its new President. Mr. Jones, 59, is a major shareholder and board member who has invested significantly in the company. With over 35 years of business leadership experience, he previously founded and grew a healthcare construction company to nearly $100M in revenue.

Greenway, through its subsidiary Greenway Innovative Energy, Inc., is developing proprietary gas-to-liquids (GTL) and gas-to-hydrogen (GTH) systems in collaboration with the University of Texas at Arlington. The company's patented G-Reformer® technology forms the core of these scalable systems, which can produce hydrogen or liquid fuels with associated hydrocarbon chemicals or methanol. These systems aim to solve critical problems in natural gas utilization and transportation, offering efficient conversion with no airborne carbon emissions.

Greenway Technologies, Inc. (OTC: GWTI) ha nominato Robert Kevin Jones come nuovo Presidente. Mr. Jones, 59 anni, è un importante azionista e membro del consiglio che ha investito significativamente nell'azienda. Con oltre 35 anni di esperienza nella leadership aziendale, in precedenza ha fondato e fatto crescere un'azienda di costruzioni nel settore sanitario fino a quasi 100 milioni di dollari di fatturato.

Greenway, attraverso la sua controllata Greenway Innovative Energy, Inc., sta sviluppando sistemi proprietari di gas-to-liquids (GTL) e gas-to-hydrogen (GTH) in collaborazione con l'Università del Texas ad Arlington. La tecnologia brevettata G-Reformer® forma il nucleo di questi sistemi scalabili, che possono produrre idrogeno o combustibili liquidi con i relativi composti chimici degli idrocarburi o metanolo. Questi sistemi mirano a risolvere problemi critici nell'utilizzo e nel trasporto del gas naturale, offrendo una conversione efficiente senza emissioni di carbonio nell'aria.

Greenway Technologies, Inc. (OTC: GWTI) ha nombrado a Robert Kevin Jones como su nuevo Presidente. El Sr. Jones, de 59 años, es un importante accionista y miembro de la junta que ha invertido significativamente en la empresa. Con más de 35 años de experiencia en liderazgo empresarial, anteriormente fundó y desarrolló una empresa de construcción en el sector de la salud hasta alcanzar casi $100M en ingresos.

Greenway, a través de su filial Greenway Innovative Energy, Inc., está desarrollando sistemas propietarios de gas-a-líquidos (GTL) y gas-a-hidrógeno (GTH) en colaboración con la Universidad de Texas en Arlington. La tecnología patentada G-Reformer® forma el núcleo de estos sistemas escalables, que pueden producir hidrógeno o combustibles líquidos junto con compuestos químicos de hidrocarburos o metanol. Estos sistemas buscan solucionar problemas críticos en la utilización y transporte del gas natural, ofreciendo una conversión eficiente sin emisiones de carbono en el aire.

그린웨이 테크놀로지스, Inc. (OTC: GWTI)는 로버트 케빈 존스를 새 사장으로 임명했습니다. 존스 씨는 59세로, 주요 주주이자 이사회 멤버로서 회사에 상당한 투자를 해왔습니다. 35년 이상의 비즈니스 리더십 경험을 가진 그는 이전에 헬스케어 건설 회사를 창립하고 1억 달러에 가까운 매출을 기록하며 성장시켰습니다.

그린웨이는 자회사인 그린웨이 이노베이티브 에너지, Inc.를 통해 텍사스 대학교 아링턴 캠퍼스와 협력하여 독자적인 가스-액체(GTL) 및 가스-수소(GTH) 시스템을 개발하고 있습니다. 특허받은 G-Reformer® 기술은 수소 또는 액체 연료와 관련된 탄화수소 화학물질이나 메탄올을 생산할 수 있는 이 확장 가능한 시스템의 핵심입니다. 이 시스템은 천연 가스의 활용 및 운송에 있어 중대한 문제를 해결하는 것을 목표로 하며, 공기 중 탄소 배출이 없는 효율적인 전환을 제공합니다.

Greenway Technologies, Inc. (OTC: GWTI) a nommé Robert Kevin Jones comme nouveau Président. M. Jones, âgé de 59 ans, est un actionnaire majoritaire et membre du conseil d'administration qui a investi de manière significative dans l'entreprise. Fort de plus de 35 ans d'expérience en leadership commercial, il a précédemment fondé et développé une entreprise de construction dans le secteur de la santé, atteignant presque 100 millions de dollars de revenus.

Greenway, par l'intermédiaire de sa filiale Greenway Innovative Energy, Inc., développe des systèmes propriétaires de gaz-à-liquides (GTL) et gaz-à-hydrogène (GTH) en collaboration avec l'Université du Texas à Arlington. La technologie brevetée G-Reformer® constitue le cœur de ces systèmes évolutifs, capables de produire de l'hydrogène ou des combustibles liquides avec les produits chimiques hydrocarbures associés ou du méthanol. Ces systèmes visent à résoudre des problèmes critiques liés à l'utilisation et au transport du gaz naturel, offrant une conversion efficace sans émissions de carbone dans l'air.

Greenway Technologies, Inc. (OTC: GWTI) hat Robert Kevin Jones zu seinem neuen Präsidenten ernannt. Herr Jones, 59 Jahre alt, ist ein wichtiger Aktionär und Vorstandsmitglied, der erheblich in das Unternehmen investiert hat. Mit über 35 Jahren Erfahrung in der Unternehmensführung gründete er zuvor ein Bauunternehmen im Gesundheitswesen, das nahezu 100 Millionen Dollar Umsatz erzielte.

Greenway entwickelt über seine Tochtergesellschaft Greenway Innovative Energy, Inc. in Zusammenarbeit mit der Universität von Texas in Arlington proprietäre Gas-to-Liquids (GTL) und Gas-to-Hydrogen (GTH) Systeme. Die patentierte G-Reformer®-Technologie bildet das Herzstück dieser skalierbaren Systeme, die Wasserstoff oder flüssige Brennstoffe mit den dazugehörigen Kohlenwasserstoff-Chemikalien oder Methanol produzieren können. Diese Systeme zielen darauf ab, kritische Probleme bei der Nutzung und dem Transport von Erdgas zu lösen, indem sie eine effiziente Umwandlung ohne Luftschadstoffemissionen bieten.

Positive
  • Appointment of experienced business leader Robert Kevin Jones as President
  • Jones has invested personal capital and raised additional funds for the company
  • Development of proprietary GTL and GTH systems with patented technology
  • Collaboration with University of Texas at Arlington for research and development
  • Potential for efficient conversion of stranded gas to transportable liquids
  • Capability to produce hydrogen at point of consumption, reducing transportation costs
  • Systems operate with high efficiency and no airborne carbon emissions
Negative
  • Company is currently in a pre-revenue state
  • Reliance on development of new technologies may pose risks

ARLINGTON, Texas, Aug. 09, 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 named Robert Kevin Jones President of Greenway.

Mr. Jones, 59 years old, is one of Greenway's largest shareholders. He has invested considerable personal capital into the Company and raised additional capital from investors. He is a member of the Board of Directors and brings his skills and personal connections to the Company, which the Board of Directors believes will serve the company well. Mr. Jones strongly desires to help lead the company from its pre-revenue state to a prosperous and profitable enterprise. Mr. Jones has over 35 years of business leadership experience, having founded and grown his company into one of the largest healthcare construction sector providers for 23 years, with revenues of nearly $100M until his departure in 2021.

Based in Arlington, Texas, the Company, through its wholly-owned subsidiary, Greenway Innovative Energy, Inc., is researching and developing proprietary GTL and GTH systems in association with the University of Texas at Arlington. These relatively small systems can be scaled to meet the natural gas supply wherever it is available. The Company’s patented technology has been integrated into its patented commercial G-Reformer® unit. This unit is the core of a system that can be used to make hydrogen (GTH) or, when combined with a Fischer-Tropsch unit, liquid fuels (GTL), including diesel fuel blend stock, with an associated variety of valuable long-chain hydrocarbon chemicals or methanol. In addition to a robust return on investment, the systems solve a critical problem by enabling conventional transportation of the liquid offtake or by creating hydrogen at the point of consumption. More specifically, GTL can convert stranded gas to a liquid that can be transported by conventional logistical methods, eliminating the need for a pipeline where none exists. For GTH, the hydrogen can be created at the point of use, removing the costly need to compress and transport centrally created hydrogen. Finally, the unit does this in either case with unequaled efficiency and no airborne carbon emissions.

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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FAQ

Who is the new President of Greenway Technologies (GWTI)?

Robert Kevin Jones, 59, has been named the new President of Greenway Technologies (GWTI). He is a major shareholder, board member, and has over 35 years of business leadership experience.

What are the main technologies being developed by Greenway Technologies (GWTI)?

Greenway Technologies (GWTI) is developing proprietary gas-to-liquids (GTL) and gas-to-hydrogen (GTH) systems, centered around their patented G-Reformer® technology.

What are the potential benefits of Greenway Technologies' (GWTI) GTL and GTH systems?

Greenway Technologies' (GWTI) systems can convert stranded gas to transportable liquids, produce hydrogen at the point of use, operate with high efficiency, and have no airborne carbon emissions, potentially solving critical problems in natural gas utilization and transportation.

Is Greenway Technologies (GWTI) currently generating revenue?

No, the press release indicates that Greenway Technologies (GWTI) is currently in a pre-revenue state, with the new President aiming to lead the company to profitability.

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