GTSO: Revenue Streams Open Up In European E-Waste Market

SAN JOSE, Calif.--(BUSINESS WIRE)--

Green Technology Solutions GTSO is using its pathway into the electronic-waste hotbed of Europe as an avenue to capitalize on current rare earth and other mineral commodity trends as it seeks a share of the global e-waste market that is projected to reach $20.25 billion by 2016.

Under their joint venture agreement, GTSO and Chilerecicla have collected a substantial amount of e-waste. The collected material has now gone through a process of sorting and grading. The sorted product will be sent to Europe for final stage smelting later this month where the smelter will extract and recover the precious metals. The company expects a profitability report the following month.

GTSO's channel to Europe through Chilerecicla ensures the company has access to the most advanced market for the recovery of rare earth from e-waste. The European Commission has already approved $54 million in funding for numerous e-waste recovery projects.

“Through research and development and our connection into Europe through Chilerecicla, we feel GTSO is on the cutting edge of capitalizing on minerals and metals trends in the e-waste sector,” GTSO CEO Paul Watson said. “Our focus going forward is maximizing profits through a range of minerals and rare earth's recovery from e-waste.”

Urban mining is pivotal to GTSO's vision to compete alongside major international corporations striving for sustainable waste solutions, such as Covanta Holding Corporation CVA, Industrial Services of America IDSA and Sims Metal Management Ltd. SMS. Late last year, GTSO acquired the company Global Cell Buyers and soon after rebranded the company as Green Urban Mining to handle its domestic recycling and resale operations.

About Green Technology Solutions, Inc.

Green Technology Solutions, Inc. (www.gtsoresources.com) is a growth-oriented company exploring rare earth minerals and precious metals production around the world. To learn more, please visit http://www.gtsoresources.com/investors.html.

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