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Greenway Technologies, Inc. (GWTI)

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0.0598-0.0002 (-0.25%)
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Previous Close0.0600
Open0.0565
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.0565 - 0.0598
52 Week Range0.0100 - 0.0900
Volume1,350
Avg. Volume310,015
Market Cap20.341M
Beta (5Y Monthly)0.80
PE Ratio (TTM)N/A
EPS (TTM)-0.0080
Earnings DateNov 23, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
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  • GTWI Patent Evolution Continues
    GlobeNewswire

    GTWI Patent Evolution Continues

    ARLINGTON, Texas, March 31, 2021 (GLOBE NEWSWIRE) -- Greenway Technologies, Inc. (OTCQB: GWTI), (the “Company”), an advanced gas-to-liquids (“GTL”) technology development company, today announced the issuance of United States Patent 10,907,104, the fourth patent relating to the company’s proprietary G-Reformer™ technology which allows for the conversion of natural gas into synthesis gas. The G-Reformer™ units can be coupled with Fischer-Tropsch reactor/catalyst modules and then deployed to field locations to process a variety of natural gas streams including pipeline gas, associated gas, flared gas, vented gas, coal-bed methane and/or biomass gas. When derived from any of these natural gas sources, the liquid fuels created are incrementally cleaner than conventionally produced oil-based fuels. The technology is also capable of producing high value chemicals including n-Hexane, n-Heptane, n-Octane, n-Decane, n-Dodecane, and n- Tridecane as well as alcohols ethanol and methanol. The newly issued patent extends the methods and details of generating syngas using the apparatus described in a previously issued patent No. 10,633,594, the company’s third patent. As described in the patent, methane, oxygen, and steam are continuously injected into the combustion section of the apparatus to generate carbon monoxide along with unreacted methane and steam. The carbon monoxide, unreacted methane, and steam then enter the catalyst chamber where these components react to generate syngas. The pressure inside the reaction vessel is controlled at no higher than 5 psig. In a statement, Ray Wright, co-founder and chairman of the board said “This fourth patent is further evidence of the uniqueness of the innovative technology developed by Greenway, in conjunction with the University of Texas at Arlington, over the past 10 years. We believe that this technology will ultimately be used to provide incrementally cleaner fuels while minimizing the environmental impact, consistent with worldwide green initiatives.” About Greenway Technologies, Inc. Based in Arlington, Texas, the Company, through its wholly owned subsidiary, Greenway Innovative Energy, Inc., is engaged in the research and development of proprietary GTL syngas conversion systems that can be scaled to meet oil and gas field production requirements. The Company’s patented technology has been integrated into its recently completed first-generation commercial G-Reformer™ unit, a unique component used to convert natural gas into synthesis gas. When combined with a FT reactor and catalyst, G-Reformer™ units can be deployed to process a variety of natural gas streams including pipeline gas, associated gas, flared gas, vented gas, coal-bed methane, and biomass to produce fuels including gasoline, diesel, jet fuel, and methanol as well as valuable chemical outputs. When derived from natural gas, these fuels are incrementally cleaner than conventionally produced oil-based fuels. Notice Regarding Forward-Looking Statements: This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the ongoing effects of the pandemic on delays and orders regarding Greenway's proprietary gas-to-liquids system, potential business developments and future interest in our clean fuel technologies. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic and political conditions, the continuation of the JV with the University of Texas at Arlington, and the ongoing impact of the pandemic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. CONTACT: Kent Harer, PresidentGreenway Technologies, Inc.(800) 289-2515 Investors & Analysts Contact:Greenway Investor Relations800-289-2515ir@gwtechinc.comSEC filings can be found at:http://gwtechinc.com/SEC-filings/ For more information, visit GWTI's website: www.gwtechinc.com ###

  • GWTI Notified of GTL Patent Allowance
    GlobeNewswire

    GWTI Notified of GTL Patent Allowance

    ARLINGTON, Texas, Jan. 05, 2021 (GLOBE NEWSWIRE) -- Greenway Technologies, Inc. (OTCQB: GWTI), an advanced gas-to-liquids (GTL) technology development company, today announced receipt of a Notice of Allowance from the U.S. Patent and Trademark Office (USPTO) for another of its United States utility patent applications relating to its GTL fuel conversion technology. Hunter Adams, of “AdamsIP”, Greenway’s patent attorney stated that, “a Notice of Allowance refers to an application for which a USPTO examiner has determined that all pending claims meet conditions for patentability. The allowed patent complements GWTI’s existing patent portfolio,” he added. The company’s Fractional Thermal Oxidation™ GTL technology generates incrementally cleaner liquid fuels as well as high-value chemicals and alcohols. The high purity chemical outputs include n-Hexane, n-Heptane, n-Octane, n-Decane, n-Dodecane, and n-Tridecane. In addition, alcohols produced include ethanol and methanol. The system also produces pure laboratory grade water.The company plans further additions to its patent portfolio as it begins commercial deployment of its unique technology to address industrial and governmental carbon emission reduction requirements.The company’s technology, developed through a joint venture with the University of Texas Arlington (UTA), has broad GTL applications including reducing flared and vented gas pollution, processing bio-fuels, coal-bed methane, associated gas, and other gas sources into incrementally cleaner fuels and chemicals. The company was founded to create fuels with a reduced carbon footprint that will represent green sources of energy developed from natural gases.About Greenway Technologies, Inc.Based in Arlington, Texas, the company, through its wholly-owned subsidiary, Greenway Innovative Energy, Inc., is engaged in the research and development of proprietary GTL syngas conversion systems that can be scaled to meet oil and gas field production requirements. The company’s patented technology has been integrated into its recently completed first-generation commercial G-Reformer® unit, a unique component used to convert natural gas into synthesis gas. When combined with a FT reactor and catalyst, G-Reformer® units can be deployed to process a variety of natural gas streams including pipeline gas, associated gas, flared gas, vented gas, coal-bed methane, and biomass to produce fuels including gasoline, diesel, jet fuel, and methanol as well as valuable chemical outputs. When derived from natural gas, these fuels are incrementally cleaner than conventionally produced oil-based fuels.Notice Regarding Forward-Looking Statements:This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the ongoing effects of the pandemic on delays and orders regarding Greenway’s proprietary gas-to-liquids system, potential business developments and future interest in our clean fuel technologies.Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic and political conditions, the continuation of the JV with the University of Texas at Arlington, and the ongoing impact of the pandemic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.CONTACT:Kent Harer, President Greenway Technologies, Inc. (800) 289-2515Investors & Analysts Contact: Greenway Investor Relations (800) 289-2515 ir@gwtechinc.com SEC filings can be found at: http://gwtechinc.com/SEC-filings/For more information, visit GWTI's website: www.gwtechinc.com

  • GWTI GTL System Yields High Value Chemicals, Vastly Improved ROI
    GlobeNewswire

    GWTI GTL System Yields High Value Chemicals, Vastly Improved ROI

    ARLINGTON, Texas, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Greenway Technologies, Inc. (OTCQB: GWTI), an advanced gas-to-liquids (GTL) technology development company, today revealed additional information regarding valuable outputs produced by the company’s proprietary G-Reformer™ catalyst reactor and Fischer-Tropsch (FT) technology which combine to form the “Greer-Wright” GTL solution. Originally developed to convert natural gas into ultra-clean synthetic fuel, recent research and development activity has shown that the technology can also generate high-value chemicals and alcohols. The chemical outputs include n-Hexane, n-Heptane, n-Octane, n-Decane, n-Dodecane, and n-Tridecane. Alcohols produced include ethanol and methanol. The company has identified worldwide industrial demand for these outputs which will significantly improve the economic return on investment (ROI) of GTL plants that are based on GWTI’s technology. GWTI is a development-stage company with plans to commercialize its unique and patented technology.These developments are the result of research and development conducted in conjunction with the University of Texas at Arlington. Prior joint efforts resulted in the development of a unique fractionation procedure that the company has named Fractional Thermal Oxidation™ (FTO). FTO utilizes GWTI’s proprietary reformer processes and catalysts to break down and transform natural gas carbon molecules into high-value chemicals and high cetane fuel as an offtake. The company’s technology is field-locatable and can process a variety of gas sources including pipeline gas, stranded gas, coal-bed methane, bio-gas, and flared gas.Flared gas is an area where the company’s technology can reduce a significant amount of atmospheric carbon pollution. The World Bank has recognized the environmental cost of flaring and has formed the Global Gas Flaring Reduction Partnership (GGFR) consisting of oil companies, government agencies, and international organizations. The GGFR seeks to end routine gas flaring and eliminate this source of pollution.The GWTI technology offers a solution to the gas flaring problem by converting flared natural gas into sulfur-free high cetane liquid fuels along with high-value chemicals and pure technical water. In Texas, where GWTI is based, the Texas Railroad Commission (RRC) recently revised its rules for producers to further reduce flaring across the state.In a statement, Ray Wright, co-founder and chairman of the board said “We are pleased to have developed technologies and processes that can end gas flaring using our G-Reformer™ technology, with the added benefit of producing valuable products that can be sold to meet human and industrial needs. We have come a long way through many years of R&D work and we are excited to be close to commercializing our technology.”Kent Harer, GWTI’s president said "The added ability to produce high-value chemicals will add significantly to plant profitability. Our commitment to investments in advanced R&D, and the multiple patents owned by the company have made all of these developments possible. We look forward to showing the world how to make high-demand products in a clean and environmentally responsible manner from natural gas that today is being vented or flared by oil and gas producers. GWTI can dramatically reduce these sources of pollution by using the gas to produce economically significant outputs consisting of chemicals, clean fuel, and technical water. GWTI has the technology to change the world’s view of clean fuels, highlighted by the use of natural gas, in a highly profitable manner.”Mr. Harer concluded, “We are pleased to be the company leading the world in the quest to reduce carbon emissions by utilizing those emissions to create clean products that are in high demand. We will continue to strive to develop technologies by which all renewable and sustainable clean fuel solutions are measured.”About Greenway Technologies, Inc.Based in Arlington, Texas, the company, through its wholly-owned subsidiary, Greenway Innovative Energy, Inc., is engaged in the research and development of proprietary GTL syngas conversion systems that can be scaled to meet oil and gas field production requirements. The company’s patented technology has been integrated into its recently completed first-generation commercial G-Reformer™ unit, a unique component used to convert natural gas into synthesis gas. When combined with a FT reactor and catalyst, G-Reformer™ units can be deployed to process a variety of natural gas streams including pipeline gas, associated gas, flared gas, vented gas, coal-bed methane, and biomass to produce fuels including gasoline, diesel, jet fuel, and methanol as well as valuable chemical outputs. When derived from natural gas, these fuels are incrementally cleaner than conventionally produced oil-based fuels.Notice Regarding Forward-Looking Statements:This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the ongoing effects of the pandemic on delays and orders regarding Greenway's proprietary gas-to-liquids system, potential business developments and future interest in our clean fuel technologies.Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic and political conditions, the continuation of the JV with the University of Texas at Arlington, and the ongoing impact of the pandemic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.CONTACT:Kent Harer, President Greenway Technologies, Inc. (800) 289-2515Investors & Analysts Contact: Greenway Investor Relations (800) 289-2515 ir@gwtechinc.com SEC filings can be found at: http://gwtechinc.com/SEC-filings/For more information, visit GWTI's website: www.gwtechinc.com