GREENBELT RESOURCES SIGNS
NON-DISCLOSURE AGREEMENT WITH DUCKWEED DAYS
Paso Robles, CA -- March 29,
2018 -- InvestorsHub NewsWire -- Greenbelt Resources
Corporation (OTC:
GRCO) (Greenbelt), the developer of a sustainable ECOsystem
model that transforms waste into revenue generating bioproducts,
today announced that it has signed a non-disclosure agreement (NDA)
with Georgia-based Duckweed DAYS, LLC.
Duckweed DAYS is a new
entity formed by entrepreneurs to commercialize and further the
research carried out by the Andrew J. Young Foundation (AYF)
focused on utilizing duckweed as a vegetable source of rich protein
to fight malnutrition worldwide. The goal of AYF's initiative is to
encourage farmers, both in the U.S. and around the world, to grow
duckweed as a cash crop and sell it into the biobased products
industry. The Duckweed Project features
Greenbelt's ECOsystem model, which will convert the duckweed into
bioethanol and a protein concentrate targeted as a nutritional
supplement for the under nourished around the
world.
"While I am obligated to
caution readers from drawing any premature conclusions from this
announcement, this NDA acknowledges that the Duckweed Project is
moving forward," says Darren Eng, Greenbelt's CEO. "It also
re-emphasizes that Greenbelt's community-focused ECOsystem model is
ideal for farmer initiatives both in the U.S. and around the
world."
The Duckweed Project
plan submitted to the USDA in
2017 expresses AYF's intent to develop 20 deployments over
the next eight to 10 years. Greenbelt's ECOsystem technology
represents about $5.0 million of the $14.0 million budget projected
for each deployment.
Greenbelt's recent efforts
have focused on the integration of a number of sustainable feedstocks such as
trub, winery waste, and
pomegranates into the
ECOsystem model. In this model, feedstocks
generated or produced locally are transformed into revenue-based
resources that are then sold and purchased within the surrounding
community ecosystem.
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About Greenbelt
Resources
Greenbelt Resources
Corporation is an award-winning provider of sustainable energy
production systems focused on delivering modular solutions that
enable the localized processing of locally generated waste into
locally consumed products. Greenbelt designs, develops and
implements technology that makes the production of advanced biofuel
reliable, practical and efficient. Controlled by proprietary
automated controls, Greenbelt's small-scale, end-to-end modular
systems convert food, beverage and other cellulosic wastes into
commercially viable advanced biofuels (bio-ethanol), animal feed,
fertilizer and filtered water. For more information
visit www.greenbeltresources.com.
About the Andrew
Young Foundation
The Andrew J. Young
Foundation is committed to answering these basic questions: did we
feed the hungry? did we clothe the naked, did we heal the sick, and
did we set at liberty to those who were oppressed? The foundation's
projects are geared towards answering these
questions.
The Andrew J. Young
Foundation is a 501(c) (3) community based non-profit public
charity that supports research and development on new technologies
that have the potential to create sustainable jobs and create a
more equitable society by empowering people living in poverty in
rural America, Africa and across the globe. In this pursuit, the
Foundation is currently focused upon finding sustainable solutions
for food security and malnutrition, reengineering agriculture,
traditional medicines, and inclusivity in the financial system for
the impoverished sections of society worldwide. These solutions
would empower underserved populations across the globe, introducing
increased equity and uplifting the quality of life in the society.
For more information visit www.andrewjyoungfoundation.org.
Forward-Looking
Statements & Safe Harbor
This document includes
certain statements, predictions and projections that may be
considered forward-looking statements under securities law. These
statements involve a number of important risks and uncertainties
that could cause actual results to differ materially including, but
not limited to, the supply and demand for biofuels, our ability to
remain technologically competitive and other economic, competitive
and technological factors involving the Company's operations,
markets, services, products and prices.
Contact:
Darren Eng,
CEO
Greenbelt Resources
Corporation
888-995-GRCO (4726 x
101)
darren@greenbeltresources.com