Health & Fitness
Tue, February 22, 2011Mon, February 21, 2011Sun, February 20, 2011Fri, February 18, 2011Thu, February 17, 2011Wed, February 16, 2011Tue, February 15, 2011Mon, February 14, 2011Fri, February 11, 2011Thu, February 10, 2011Wed, February 9, 2011Tue, February 8, 2011Mon, February 7, 2011Sun, February 6, 2011Fri, February 4, 2011Thu, February 3, 2011GTSO Sees Opportunities in LED Industry Created by China's Rare Earth Export Quotas
Published in Health and Fitness on Friday, February 11th 2011 at 6:11 GMT by Market Wire
SAN JOSE, Calif.--([ BUSINESS WIRE ])--Green Technology Solutions, Inc. (OTCBB:GTSO) is working to develop new sources of rare earth elements outside of China that could help keep LED suppliers safe from shortages caused by new Chinese export quotas. Earlier this week, GTSO announced the execution of a joint venture agreement with Rare Earth Exporters of Mongolia to pursue mining claims and operations inside Chinaa™s neighbor to the north.
[ LEDs Magazine ] reported this month that the LED industry uses a wide and growing range of phosphor materials to convert the light emission from LED chips into a different wavelength spectrum. Many of the phosphors used in LEDs contain rare-earth elements, the availability of which has been cast into doubt by new quotas introduced by China.
China produces 97 percent of the worlda™s rare earths despite controlling only 37 percent of the worlda™s proven reserves. The difficult-to-mine elements are used in the construction of LED televisions and monitors as well as electric cars, iPads, wind turbines, and high-tech weapons. China has slashed its rare earth export quotas three times in the past two years as part of the countrya™s plan to support domestic manufacturing and promote technology transfer to China.
China does not hold all of the worlda™s rare earth deposits, however. Many experts believe that Mongolia, a former Soviet state, contains rare earth deposits that rival those of China. GTSO management is very enthusiastic about the prospects of its new Mongolian joint venture.
The JV plans to convey Mongolian mining products overland by railway for transport to the seaport of Vladivostok, Russia, in order to avoid shipping through China. Destination ports for these mining products are set to include the U.S., Japan and South Korea, checkmating Chinaa™s strategic export policies.
By developing a new source of rare earths outside of China, GTSO aims to counter the threat posed by Chinaa™s near-monopoly over materials critical to LED suppliers worldwide.
For investment information, please visit [ www.RareEarthExporters.com ].
Green Technology Solutions commercializes clean and renewable mining technology and products in a sector that includes Molycorp, Inc. (NYSE:MCP), BHP Billiton (NYSE:BHP), General Dynamics (NYSE:GD) and Toyota Motor Corp. (NYSE:TM).
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. (GTSO) is an OTCQB publicly traded company. OTCQB is the middle tier of the OTC market. OTCQB companies report to the SEC or a U.S. banking regulator, making it easy for investors to identify companies that are current in their reporting obligations. GTSO acquires, develops and implements the newest clean mining technology to enable our partner clients to expand operations throughout the world. Environmental restrictions represent the largest restriction to mining industry growth and operations. GTSO focuses on overcoming these environmental restrictions with brilliant cutting-edge clean mining technology.
For more information, please visit [ http://www.GreenTech-Solutions.com ].
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
