LARGO, Fla., Dec. 4, 2012 /PRNewswire/ -- GDT Tek, Inc., ( GDTK ) which just last month announced on November 13, 2012 it signed a letter of intent with Green USA Recycling Corp (GUSAR), makes an investment into a GUSAR project and plans to build the relationship even further. Therefore GDTK announced today that it has invested $50,000 into a Green USA Recycling, Corp., project in the form of 200,000 shares of restricted stock based on an agreed value of $.25 per share.
This investment is just a precursor to a much more expansive and more integrated relationship. GDTK and GUSAR are both focused on solutions to reducing and eliminating waste and creating energy with the by-products of waste elimination. This expansion of the relationship is just the beginning of the implementation of a new and expansive partnership that will encompass many aspects of both companies' technologies. Both companies have unique technologies with diverse applications that if combined would result in positive impact on the environment and revenue growth potential.
Green USA Recycling, Corp., recycles 100% of waste material thereby eliminating the need for landfills. Green USA Recycling, Corp., manufactures RDF pellets for electric utilities. This new business relationship will result in GDT Tek providing waste heat Phoenix units at their electric generation facilities recovering heat from the operations supplying electricity for the power grid. More information will be forth coming as further steps are implemented in growing this new partnership.
Bo Linton President of GDT TEK, Inc. stated, "This is the first step in solidifying our LOI executed last month, and we are now working on expanding our relationship with Green USA. Once our first facility is operational with Green USA, it will be a showcase site for our pollution free waste heat to electricity technology."
Don Willis President of Green USA Recycling Corp, stated, "Our growing relationship with GDT Tek is important to our plans as we continue to grow our presence in the waste to energy market."
About Green USA Recycling Corp.: an Indiana, based private company (GUSAR) focused on single stream waste recycling technologies and waste to energy technologies. The company recycles waste products to RDF Pellets, Organic Fertilizer, Electricity, and many other products and is driving its adoption by power plants and other waste-heat generating industries.
Green USA Recycling is a Zero Landfill recycler. 100% of the material we receive is recycled for re-use or recycled into energy. Our waste recycling facility will be truly single stream as we take unsorted refuse straight from the waste collection truck and sort that material into recyclable goods. No pre-sorting or curbside programs are necessary. That statement means a great deal to us and is one we are very proud of being able to claim. The average landfills generate 6 million gallons of contaminated groundwater each and every year. With over 50,000 open and closed landfills in the U.S. that means we generate 300 billion gallons of contaminated water each year. That is the U.S alone. The amount of contaminated groundwater created all over the world is staggering. Whether it is an old landfill and the contaminated rainwater seeps directly into our groundwater, or it is a modern landfill and the rainwater is collected and sent to a treatment plant, the result is the same. Contaminated water enters into our water stream. Some will tell you that landfills are safe because they are lined to prevent seepage of contaminated water into our groundwater supply. Don't believe it. Even the liner manufacturers will tell you that liners have a limited lifespan. Liners get punctured by the material in a landfill. Liners degrade and weaken over time. Eventually all liners fail. When they do, the contaminated rainwater they are designed to catch seeps into our groundwater the same as unlined landfills. Lining of a landfill just puts off the problem to a future generation.
Green USA Recycling Corp., website is http://www.greenusarecycling.com/
About GDT Tek, Inc.: is a Florida-based publicly traded company ( GDTK ) focused on renewable and sustainable energy technologies. The company has licensed patented waste heat to electric power generation technology and is driving its adoption by power plants, landfills and other waste-heat generating industries. GDT Tek's waste heat to electricity systems are powerful enough to serve as a primary energy source, highly efficient, immediately cash-flow positive when installed under a Power Purchase Agreement and are scalable with system sizes from 150 KW/Hr to 5000 KW/Hr currently available. The GDT Tek system has been proven through a long-term five year installation at a San Jose, California-area landfill. Waste heat captured from landfill-generated methane gas generator engine exhaust and radiator jacket coolant systems is used by the GDT Tek system to generate electricity which is then sold to the grid. Professor Robert W. Dibble of the University of California at Berkeley assessed the GDT Tek system and stated that "Of the many technologies that I have evaluated over the course of the past several decades, GDT Tek's heat to power conversion solution has proven to be the most reliable, versatile, efficient, lowest emissions, and overall cost-effective solution available in today's changing world market."
RTR Global Investments, LLC is a wholly owned subsidiary of GDT Tek, Inc. Its holds projects, contracts, and power purchase agreements for its parent company GDT Tek, Inc.
GDT Tek, Inc.'s website is www.gdttek.com , which is in the process of being updated; please sign up for our newsletter ( http://www.gdttek.com/info-signup.php ) for future information about the company.
Safe Harbor Statement: This release includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as GDTK or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
