SAN DIEGO, July 14, 2022 /CNW/ - Greenbutts LLC., (the "Company" or "Greenbutts") a scientific leader in biodegradable filter technology, is pleased to announce that on July 11, 2022, the Canadian Intellectual Property Office granted Canadian Patent No. 2,949,484 for Greenbutts' patent application titled 'Biodegradable Cigarette Filter Tow and Method of Manufacture'.
The patent adds to Greenbutts' proprietary technology stack, offering an all-natural, biodegradable and water dispersing cigarette filter.
This Canadian patent grant follows several other countries including U.K. patent number GB2525363 granted on October 19, 2016 and U.S. patent number 10,076,135 granted on September 18, 2018.
"Greenbutts' mission started 12 years ago, at a time when the phrase 'single-use plastic' was not used as often as it is today. Our dedication through extensive R&D with our world-class scientific team is now being recognized on a global scale as governments, industry and consumers are all in alignment with a green, clean future, said Tadas Lisauskas, Chief Executive Officer.
"We are pleased to announce our third patent issuance of our multi-dimensional biodegradable cigarette filter, which is not only compatible with traditional combustible smoking products but also with heat-not-burn products. This patent has strategic importance to our organization as it comes in full alignment with the Canadian government's decision to ban the manufacture and importation of harmful single-use plastics, a historic move for North America. Our technology is a viable and sustainable alternative to cellulose acetate filters while maintaining the sensory experience, delivering the high-performance filtration capability of a traditional filter. As we continue progressing with our commercialization roadmap, growing our intellectual property portfolio will be an essential factor towards the maturity of the Company, especially with government and industry recognizing Greenbutts as a green alternative to plastic filters." added Mr. Lisauskas.
"Geenbutts is taking another strong step towards its leadership in biodegradable filtration technology." said Luis Sanches, Chief Strategy Officer.
"The granting of this new IP by the Canadian Intellectual Property Office is another demonstration that the Company is advancing in becoming the most strategic partner to catalyse the tobacco industry to, once and for all, migrate from single-use plastic to a planet friendly, consumer-aligned and government-supported solution." continued Mr. Sanches.
Greenbutts is currently seeking patent protection for other aspects of its technology.
For information on Greenbutts's technology and commercial announcements, please visit:
Greenbutts | Biodegradable Filters
Since 2010, Greenbutts has worked with R&D institutions, international tobacco companies, and industry experts to develop biodegradable filter technology – trademarked as a "Greenbutt". The Company has developed and patented a "zero-plastic" filter, made without any synthetic materials or plasticizers, 100% biodegradable and water dispersing which meets certain industry criteria. The proprietary Greenbutts filter is designed to reduce the significant environmental impact caused by plastic cigarette filter pollution. Over 4 trillion are discarded every year making single-use filters the most littered plastic item in the world. With over a decade of R&D and strong intellectual property, Greenbutts offers the $1 Trillion global tobacco industry a seamless transition to zero-plastic filters while meeting the new global single-use plastic (SUP) legislation initiatives.
This release includes forward-looking information within the meaning of Canadian securities laws and forward-looking statements within the meaning of U.S. securities laws (collectively, "forward-looking information"). Statements containing the words "believe", "expect", "intend", "should", "seek", "anticipate", "will", "positioned", "project", "risk", "plan", "may", "could", "estimate", or, in each case, their negative and words of similar meaning, are intended to identify forward-looking information. Forward-looking information in this release, which includes but is not limited to, trends in the disposable cigarette butts industry and market, including any potential future growth thereof, Greenbutts' plans for research and development and any potential commercialization of products, any potential results from clinical studies that may be undertaken by Greenbutts, any statements as to the efficacy of products that Greenbutts may develop, any future submission by Greenbutts of regulatory approval applications, any future receipt by Greenbutts of regulatory approval for any products that it may develop, any future receipt by Greenbutts of patents that have been applied for or may be applied for in respect of its technologies, the success of Greenbutts' existing and future business strategies and objectives and implementation, including any resulting benefits to Greenbutts' operations or financial and non-financial performance as a result of such strategies and objectives and implementation, completion of financing, and the use of proceeds of a financing, is subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by the forward-looking information. Such risks and uncertainties included but are not limited to, risks related to completion of a financing; dilutive effect of an offering and future offerings; competition from other competitor companies; violations of laws and regulations could result in repercussions; regulatory or political change; requirement of commercial scale and quality manufactured product supply; negative operating cash flow and going concern; limited operating history; requirement for additional capital to continue to develop business and realize on objectives; lack of product revenue; unfavourable publicity or consumer perception; reliance on the capabilities and experience of key executives and management; risk of product liability claims; COVID-19; litigation; conflicts of interest; ability to protect intellectual property; changes in patent law; requirement to share intellectual property to service providers; general economic, market and business conditions; and other factors and risks that cause actions, events or results not to be as anticipated, estimated or intended.
These risks, uncertainties and assumptions could adversely affect the outcome of the plans and events described herein. In addition, even if the outcome of the plans and events described herein are consistent with the forward-looking information contained in this release, those results or developments may not be indicative of results or developments in subsequent periods. Forward-looking information contained in this release is based on the beliefs and expectations of Greenbutts' management, which Greenbutts believes are reasonable as of the current date, and are subject to significant business, social, economic, political, regulatory, competitive and other risks, uncertainties, contingencies and other factors. Many assumptions are based on factors and events that are not within the control of Greenbutts and actual future results may differ materially from current expectations. Except as required by applicable law, Greenbutts assumes no obligation to update or revise any forward-looking information in this release to reflect new events or circumstances.
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