|[December 30, 2013]
GTSO: Major Chilean University to be Involved in Precious Metals Project
SAN JOSE, Calif. --(Business Wire)--
With the global electronic-waste market projected to exceed $20 billion
within the next two years, Green Technology Solutions (News - Alert) (OTCBB: GTSO) is
investigating the potential of a new research and development resource
in Latin America that specializes in metallurgical processes and the
impact it could have for the company in realizing future revenues.
GTSO, through its joint venture partner Chilerecicla,
recently began talks with the Metallurgical Department of the
Universidad de Concepción in Chile about building an e-waste research
and development center. Such a resource would allow GTSO and
Chilerecicla to faster process, sort and grade larger quantities of
collected precious metals from e-waste before shipping to major overseas
For GTSO and its partners, a metallurgical research and development
center in Chile will potentially provide significant returns.
"The Universidad de Concepción possesses an outstanding reputation in
applied research and development in the metallurgical industry," GTSO
CEO Paul Watson said. "Scientists in the Univeridad's Metallurgical
Department have the technical knowledge on the research and development
side to add great value to the Chilean e-waste management industry.
Their involvement would significantly expedite the process of sorting
and grading and enable us to ship the e-waste to overseas smelters much
Urban mining is pivotal to GTSO's vision to compete alongside major
international corporations striving for sustainable waste solutions,
such as Covanta Holding Corporation (NYSE: CVA), Industrial Services of
America (NASDAQ: IDSA) and Sims Metal Management Ltd. (NYSE: SMS). Late
last year, GTSO acquired the company Global Cell Buyers and soon after
rebranded the company as Green
Urban Mining to handle its domestic recycling and resale operations.
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. is a growth-oriented company exploring
rare earth minerals and precious metals production around the world. To
learn more, please visit http://www.gtsoresources.com/investors.html.
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