Greenlane Renewables Files Additional Patent Application for its New Landfill Gas Upgrading Technology
Greenlane Renewables Files Additional Patent Application for its New Landfill Gas Upgrading Technology |
[24-June-2025] |
~Development of Company's next generation product line continues on pace with product reveal planned for September 2025~ VANCOUVER, BC, June 24, 2025 /CNW/ - Greenlane Renewables Inc. ("Greenlane" or the "Company") (TSX: GRN) (FSE: 52G) is pleased to announce the filing of an additional patent application for its new landfill gas upgrading technology. This new filing adds to the size and strength of Greenlane's intellectual property portfolio, reinforcing technology leadership in the production of renewable natural gas ("RNG"), and builds upon its December 2024 announcement of new patent applications. These innovations relate specifically to proprietary system architecture and process enhancements that optimize oxygen and nitrogen removal, two of the most persistent technical barriers to efficient landfill gas upgrading, while maximizing methane recovery and reducing capital cost. "Greenlane is committed to advancing the technology frontier in biogas upgrading with the aim of coming down the cost curve and going up the performance curve," said Brad Douville, CEO of Greenlane. "We're on pace with the development of our next generation product line that is going to be a difference maker containing even more inventive content than previously announced in December. We want to make RNG projects more accessible and scalable by enabling project owners to enhance revenue generating RNG output from their assets while minimizing upfront investment. The creative process of new product development unlocks new opportunities to innovate. This new filing reflects our team's engineering strength and our focus on delivering real-world breakthroughs." "As landfill gas continues to be the largest feedstock source for RNG production, but also much more difficult to upgrade to pipeline quality RNG than biogas from anaerobic digesters, we remain focused on solving this tough industry challenge. The Company will be accepting orders for its next-generation upgrading technology later this year shortly after its reveal planned for September." About Greenlane Renewables FORWARD LOOKING INFORMATION – This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements contained herein that are not historical in nature contain forward-looking information. Forward-looking information can be identified by words or phrases such as "may", "is expected", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions "can", "may" or "will" happen. In particular, this news release contains forward looking information relating to the Company's intention to reveal the new product line in September 2025 that incorporates content of its patent applications; the anticipated features of the product line, such as the ability to maximize methane recovery performance while minimizing capital expenditure in renewable natural gas production from landfills; expectations that higher performance and lower cost systems enable RNG developers and project owners to enhance their revenue generating RNG output while minimizing upfront investment; statements about the potential adaptability, reliability, cost-effectiveness and optimized performance of future Greenlane technology for a wide range of landfill sites; potential for future RNG production from landfill gas, expectations that landfills will continue to play a dominant role as feedstock source for RNG production and statements that Company will be accepting orders for its next-generation upgrading technology after the planned September 2025 product reveal. The forward-looking information contained herein is made as of the date of this press release and is based on assumptions management believed to be reasonable at the time, including assumptions regarding future industry trends, regulatory developments, the successful commercialization of new technologies, and the Company's ability to execute its strategic plans.While management considers these assumptions to be reasonable based on information currently available to management, there is no assurance that such expectations will prove to be correct. By their nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond the Company's control, could cause actual results to differ materially from the forward-looking information in this press release. Additional risk factors can also be found in the Company's Management Discussion and Analysis, its Annual Information Form and in its base shelf prospectus dated January 4, 2024, all of which have been filed under the Company's SEDAR+ profile at www.sedarplus.com. Readers are cautioned not to put undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. SOURCE Greenlane Renewables Inc. | ||
Company Codes: Toronto:GRN, Frankfurt:52G |