October 2005

GreenShift introduces new process technology using supersonic air to atomize wastes

Mount Arlington, NJ— GreenShift Corporation announced the execution by its wholly-owned subsidiary, GreenShift Industrial Design Corporation (GIDC), of an Exclusive License Agreement with Vortex Dehydration Technology, LLC (VDT), for certain applications of VDT’s patented and patent-pending Windhexe technology.

The Windhexe technology accelerates compressed air to supersonic speeds in a closed cyclonic chamber where the air is powerful enough to almost instantly grind, flash desiccate and atomize solid and liquid wastes and other materials into micron-sized powders.

Invented by Kansas based farmer and inventor, Frank Polifka, the Windhexe is robust and cost-efficient enough to process most conventional wastes at both centralized disposal facilities and decentralized point-sources. The Windhexe is also capable of direct implementation in manufacturing, mining, and refining processes.

Under the terms of the license agreement, GIDC has been granted certain exclusive rights in return for the payment to VDT of a one-time license fee of 1,000,000 shares of restricted GreenShift common stock, and royalty fees equal to 3% of all gross revenue GIDC generates from the Windhexe.

“GreenShift’s goal is to make it easy and cost-effective for people and businesses to reduce waste and recycle more. This concept is the basis of many of our development plans, and it is the reason why we formed GreenShift Industrial Design,” said Kevin Kreisler, GreenShift’s chairman and chief executive officer.

“Our view is that the Tornado Generator is another ‘killer-app’ green technology,” added Kreisler. “It is capable of reducing the volume of trash by upwards of 90%. It separates petroleum hydrocarbons and other organics from contaminated soils in a nearly instantaneous process that returns clean dirt to the land and allows the organic wastes to be recovered conventionally. And, it flash desiccates and reduces the volume of septic, industrial and hazardous sludges by as much as 80%. While there are many other examples, GIDC will be focusing on a few specific processes that we feel are likely to result in cash flows.”

GIDC initially plans to target key waste and other industrial processing facilities for rapid deployment of specific applications of the Tornado Generator bundled with GIDC’s other licensed technologies, such as Ovation Products Corporation’s patented water purification technology.

Under the terms of the License Agreement, and subject to certain exclusions, GIDC has been granted exclusive rights for certain applications of the Windhexe relating to the GreenShift Applications, or any and all use relating to the following:

  • Wastes that are hazardous or otherwise harmful to human and animal health and the environment;
  • Wastes that are water and/or wastewater (including sedimentary and/or septic material);
  • Wastes that are partially used or discarded metals, chemicals, fuels, plastics, composites, glass, paper, food products and electronics; and
  • Wastes that are or derive from mining waste tailings.

The extraction, processing, separation and/or refining of wastes and/or commodities that are solids, liquids and gases.

All applications relating to the use of the Windhexe in the provision of design and engineering or other services relating to the use of same.

Additional information regarding GreenShift Corporation is available online at www.greenshift.com.

877-777-0737    •     Fax 419-931-0740     •     118 E. Third Street, Suite A   Perrysburg, OH 43551
© Copyright AR Publishing Co. All rights reserved. Any reproduction of content requires written permission.