INSEQ Receives Order for Biodiesel Equipment from NextGen Fuel
NEW YORK--(BUSINESS WIRE)--May 22, 2006--
INSEQ Corporation (OTC Bulletin Board: INSQ) today announced that it is receiving orders from NextGen Fuel, Inc., for the manufacture of NextGen's proprietary biodiesel processing equipment.
The NextGen Fuel process is the leading modular, skid-based biodiesel process available in the rapidly growing global biofuel market. The NextGen process reduces plant capital costs by as much as 50% as compared to traditional approaches and offers significant operating benefits. The process can also be shop-tested with customer-specific feedstocks before it ever leaves the INSEQ plant floor and can be shipped to customers in as little 14 weeks. This allows NextGen and INSEQ to significantly reduce customer risk while speeding their client's time to market. As a result, INSEQ is securing orders to fabricate and ship NextGen process equipment for domestic and international customers.
This process equipment order for biodiesel technology follows the ethanol by-product recovery equipment orders INSEQ has received from Veridium Corporation (OTC Bulletin Board: VRDM).
Veridium has granted exclusive right of first refusal manufacturing rights to INSEQ for the manufacturing of Veridium's patent-pending Corn Oil Extraction Systems(TM) and proprietary DAF Recycling Systems(TM). INSEQ expects to manufacture more than eight Corn Oil Extraction Systems(TM) and two DAF Recycling Systems(TM) for Veridium starting this year. More information on Veridium's technologies is available online at www.veridium.com.
About INSEQ Corporation
INSEQ Corporation is a publicly traded company whose mission is to directly facilitate the efficient utilization of natural resources. More information on INSEQ is available online at www.inseq.com.
INSEQ and Veridium are respectively 80% and 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF) whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
About NextGen Fuel, Inc.
NextGen Fuel, Inc. is a privately held Delaware corporation deploying the world's leading biodiesel process technology. The Company's technology can reduce biodiesel capital and operating costs by as much as 50% over traditional approaches. NextGen not only offers its clients the best of breed and most cost effective technology, it assists its customers with detailed biodiesel project feasibility analysis as well as securing project finance and establishing long-term feedstock and fuel off-take arrangements. NextGen Fuel, Inc. (www.nextgenfuel.com) is a part of the Golden Technology Management portfolio.
About Golden Technology
Golden Technology Management invests in the formation and active management of clean technology companies. www.goldentechpartners.com
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of INSEQ Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Source: INSEQ Corporation
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