This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Converted Organics Licenses Breakthrough “Green” Technology, Retains Leading Expert For New Industrial Wastewater Market Division

Converted Organics Inc. (NASDAQ: COIN) announced today that the Company has entered into an exclusive licensing agreement with Heartland Technology Partners (HTP), LLC to utilize HTP’s patented LM-HT™ Concentrator technology in the U.S. industrial wastewater (IWW) market. The IWW market involves the treatment of waters that have been contaminated by anthropogenic industrial or commercial activities, prior to their reuse or release into the environment. A breakthrough wastewater treatment process, the LM-HT™ Concentrator reduces carbon emissions compared to traditional technologies by using waste heat and renewable energy as thermal fuel.

Rick McEwen, former Co-owner and Vice President of Heartland Technology Partners, has been retained by Converted Organics as General Manager and President of the Company’s new IWW market division.

“Licensing HTP’s LM-HT™ Concentrator technology is the most recent step Converted Organics has taken to strategically expand our core business of converting waste materials into high-grade, environmentally-beneficial products. We believe the opportunity and scalability for this unique technology in the IWW market is enormous, and that pursuing it compliments our core business of developing high-quality organic fertilizer from organic food waste,” said Edward J. Gildea, President of Converted Organics. “We are fortunate to have Rick McEwen directing the growth and development of Converted Organics’ new IWW division. As a 30-year veteran of the solid and industrial waste industries, Rick’s business relationships, contacts and experience are extensive, and will allow us to hit the ground running in this promising new market.”

“Use of the LM-HT™ Concentrator offers significant environmental benefits, as well as certain federal financial incentives, thereby making the technology appealing to prospective customers in a variety of industries, including petrochemical, pharmaceutical, manufacturing, metal processing, food preparation, transportation and energy production,” said Mr. McEwen. “Converted Organics is uniquely positioned to provide industry-differentiating technology for the treatment of industrial wastewater. The flexible fuel source and zero liquid discharge aspects of the LM-HT™ Concentrator technology enable it to be placed in strategic locations of a company’s choosing, potentially eliminating transportation costs and reducing associated greenhouse gases emissions. I look forward to helping Converted Organics become a major player in the IWW market.”

1 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs