GWTI SIGNS NEW SRA AS PART OF THEIR PATENT AGREEMENT WITH UTA
Greenway Technologies, Inc. (OTC: GWTI) has signed a new Sponsored Research Agreement (SRA) with the University of Texas-Arlington (UTA) as part of their existing patent agreement. The SRA outlines specific research tasks to be performed by UTA on Greenway's gas-to-liquids (GTL) and gas-to-hydrogen (GTH) technologies. Key points include:
1. UTA will research Greenway's products and provide findings, including all patent rights and discoveries.
2. The agreement upgrades GWTI's patent rights for discoveries made under the SRA.
3. The contract is for one year, expiring June 1, 2025.
4. All patents resulting from the SRA become Greenway's property.
5. The SRA is part of an ongoing collaboration that supports new product development and protects Greenway's intellectual property rights.
Greenway Technologies, Inc. (OTC: GWTI) ha firmato un nuovo Accordo di Ricerca Sponsorizzata (SRA) con l'Università del Texas-Arlington (UTA) come parte del loro accordo di brevetto esistente. L'SRA delinea compiti di ricerca specifici da svolgere da parte di UTA sulle tecnologie gas-to-liquids (GTL) e gas-to-hydrogen (GTH) di Greenway. I punti chiave includono:
1. UTA condurrà ricerche sui prodotti di Greenway e fornirà risultati, inclusi tutti i diritti di brevetto e le scoperte.
2. L'accordo aggiorna i diritti di brevetto di GWTI per le scoperte fatte nell'ambito dell'SRA.
3. Il contratto ha una durata di un anno, in scadenza il 1° giugno 2025.
4. Tutti i brevetti risultanti dall'SRA diventano di proprietà di Greenway.
5. L'SRA è parte di una collaborazione in corso che supporta lo sviluppo di nuovi prodotti e protegge i diritti di proprietà intellettuale di Greenway.
Greenway Technologies, Inc. (OTC: GWTI) ha firmado un nuevo Acuerdo de Investigación Patrocinada (SRA) con la Universidad de Texas-Arlington (UTA) como parte de su acuerdo de patente existente. El SRA describe tareas específicas de investigación que realizará UTA sobre las tecnologías de gas a líquidos (GTL) y gas a hidrógeno (GTH) de Greenway. Los puntos clave incluyen:
1. UTA investigará los productos de Greenway y proporcionará hallazgos, incluidos todos los derechos de patente y descubrimientos.
2. El acuerdo actualiza los derechos de patente de GWTI para los descubrimientos realizados bajo el SRA.
3. El contrato tiene una duración de un año, con vencimiento el 1 de junio de 2025.
4. Todas las patentes resultantes del SRA pasan a ser propiedad de Greenway.
5. El SRA es parte de una colaboración continua que apoya el desarrollo de nuevos productos y protege los derechos de propiedad intelectual de Greenway.
Greenway Technologies, Inc. (OTC: GWTI)는 텍사스 대학교 알링턴 캠퍼스(UTA)와 기존의 특허 계약의 일환으로 새로운 후원 연구 계약(SRA)을 체결했습니다. SRA는 UTA가 Greenway의 가스-액체(GTL) 및 가스-수소(GTH) 기술에 대해 수행할 특정 연구 작업을 설명합니다. 주요 사항은 다음과 같습니다:
1. UTA는 Greenway의 제품을 연구하고 모든 특허권 및 발견을 포함한 결과를 제공합니다.
2. 이 계약은 SRA 하에서 이루어진 발견에 대한 GWTI의 특허 권리를 갱신합니다.
3. 계약 기간은 1년이며, 2025년 6월 1일에 만료됩니다.
4. SRA에서 발생하는 모든 특허는 Greenway의 소유가 됩니다.
5. SRA는 새로운 제품 개발을 지원하고 Greenway의 지적 재산권을 보호하는 지속적인 협력의 일환입니다.
Greenway Technologies, Inc. (OTC: GWTI) a signé un nouvel Accord de Recherche Sponsorisée (SRA) avec l'Université du Texas-Arlington (UTA) dans le cadre de leur accord de brevet existant. Le SRA décrit des tâches de recherche spécifiques à réaliser par l'UTA sur les technologies gaz-en-liquides (GTL) et gaz-en-hydrogène (GTH) de Greenway. Les points clés incluent :
1. L'UTA recherchera les produits de Greenway et fournira des résultats, y compris tous les droits de brevet et découvertes.
2. L'accord améliore les droits de brevet de GWTI pour les découvertes faites dans le cadre du SRA.
3. Le contrat est d'une durée d'un an, expirant le 1er juin 2025.
4. Tous les brevets résultant du SRA deviennent la propriété de Greenway.
5. Le SRA fait partie d'une collaboration en cours qui soutient le développement de nouveaux produits et protège les droits de propriété intellectuelle de Greenway.
Greenway Technologies, Inc. (OTC: GWTI) hat eine neue Vereinbarung zur geförderten Forschung (SRA) mit der University of Texas-Arlington (UTA) unterzeichnet, die Teil ihrer bestehenden Patentanmeldung ist. Die SRA legt spezifische Forschungsaufgaben fest, die von der UTA zu Greenways Gas zu Flüssigkeiten (GTL) und Gas zu Wasserstoff (GTH) Technologien durchgeführt werden sollen. Wichtige Punkte umfassen:
1. Die UTA wird die Produkte von Greenway erforschen und Ergebnisse liefern, einschließlich aller Patentrechte und Entdeckungen.
2. Die Vereinbarung verbessert die Patentrechte von GWTI für unter der SRA getätigte Entdeckungen.
3. Der Vertrag hat eine Laufzeit von einem Jahr und läuft am 1. Juni 2025 ab.
4. Alle Patente, die aus der SRA resultieren, gehören Greenway.
5. Die SRA ist Teil einer laufenden Zusammenarbeit, die die Entwicklung neuer Produkte unterstützt und die geistigen Eigentumsrechte von Greenway schützt.
- Signing of new Sponsored Research Agreement with UTA strengthens GWTI's research capabilities
- Upgraded patent rights for discoveries made under the SRA
- All patents resulting from the research become Greenway's property
- Continuous flow of work leading to new products and features
- Protection of intellectual property rights for stockholders
- None.
ARLINGTON, Texas, Aug. 13, 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 has signed a new Sponsored Research Agreement (SRA) with the University of Texas-Arlington (UTA) as part of their existing mutual patent agreement.
The agreement between Greenway and UTA, an SRA, outlines and defines specific tasks to be performed by UTA on behalf of Greenway. The agreement also upgrades GWTI’s patent rights for discoveries made under the SRA. UTA agrees to research Greenway’s GTL and GTH products and provide the research to Greenway, including all patent rights and other discoveries made due to the ongoing research. In addition to tasks to be performed, the SRA defines a specific time frame for work on each task and a particular expectation of completion unless the activity is continuous throughout the contract's life. The contract also breaks out budgetary guidelines for each task for the contract term. Items include maintenance and operation of equipment in the Greer Lab at UTA and specific research projects leading to new features and improvements of Greenway’s current and future products. The SRA also provides ongoing consultation with Greenway employees and consultants, plus support interacting with clients. The contract is for a period of 1 year and expires June 1, 2025. Greenway signed a patent agreement with UTA in 2021, in which the SRA is a standard ongoing agreement that is redefined each year, spelling out the next year's research programs. This ongoing agreement defines the patent rights for those patents created from work done under the SRA at UTA. Specifically, all patents become Greenway's property, and all rights are assigned to Greenway based on this agreement. Together, the agreements provide a continuous flow of work that leads to new products and features and protects Greenway’s intellectual property rights for its stockholders.
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 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 removed by truck or rail, eliminating the need for a pipeline where none exists. For GTH, 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 that 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.
Due to numerous factors, actual results could differ from those projected in any forward-looking statements. 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 this news release's beliefs, plans, expectations, and intentions are reasonable, there can be no assurance that such beliefs, plans, expectations, or intentions will prove accurate. Investors should consult all the information set forth herein and 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
FAQ
What is the new agreement GWTI signed with UTA in August 2024?
How long is the new SRA between GWTI and UTA valid?
What are the main benefits for GWTI from the new SRA with UTA?
How does the new SRA with UTA affect GWTI's intellectual property rights?
