Share Name | Share Symbol | Market | Type |
---|---|---|---|
Itronics Inc (CE) | USOTC:ITRO | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0001 | 0.00 | 01:00:00 |
ITRONICS ANNOUNCES CONTRACT TO VALUE ITS INTELLECTUAL PROPERTY TO OBTAIN NON-DILUTIVE FINANCING
Activity Update –
Reno, NV -- September 21, 2022 -- InvestorsHub NewsWire -- Itronics Inc. (OTC:ITRO) announced today that it has signed a contract for valuation of its Intellectual Property and is providing investors an update on current Company progress.
Itronics has entered a Statement of Work Engagement Letter with Fallingst Technologies LLC to develop a valuation of Itronics' Intellectual Property (IP) assets to support a leverage structured, IP-backed non-dilutive financing transaction. Fallingst Technologies works in a strategic partnership with Genoa Capital Partners to enable needed product development and sales generation for technology companies by leveraging their IP assets. Genoa Capital Partners has arranged financing to enable this transaction for Itronics. Fallingst Technologies financing can range from $10 million to more than $100 million.
"The work program is staged to include a valuation to be followed by a funding event," said Dr. John Whitney, Itronics President. "The valuation work is scheduled to start immediately and is expected to be completed before the end of the year. This will be followed by a funding event. Itronics' business is based on use of its proprietary technologies. Completion of this work is expected to significantly increase the value of the Company."
A summary of progress on related Company developments follows:
The benefit of this is, after qualification by an independent third party, the Company can sell Energy Offset Credits. Offset credits are a transferrable instrument certified by governments or independent certification bodies to represent a CO2 emissions reduction. "Rock Kleen projects could generate millions of dollars in Energy Offset Credits for smaller projects while the potential for long term projects is in the hundreds of millions of dollars" stated Dr. Whitney.
"We would like to thank our investors for their continued support" said Dr. Whitney. "Our portfolio of 'Zero Waste Energy Saving Technologies' is making the world cleaner and greener and is now being positioned to enhance the Company's continued drive to profitability."
About Itronics
Headquartered in Reno, Nevada, Itronics Inc. is a 'Zero Waste Energy Saving Technology' Company that produces GOLD'n GRO multi-nutrient liquid fertilizers, silver bullion, and silver-bearing glass. The Company's environmentally friendly award winning GOLD'n GRO liquid fertilizers are used extensively in agriculture in California.
Follow Itronics on Facebook: https://www.facebook.com/itronicsinc
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VISIT OUR WEB SITE: http://www.itronics.com
Contact us (775)-689-7696
("Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.)
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