GOLDEN, Colo., Nov. 10, 2014 /PRNewswire/ -- Strategic Environmental & Energy Resources, Inc. (SEER) (OTC: SENR), a provider of next-generation clean technologies, renewable fuel and waste management innovations, today announced that the United States Patent and Trademark Office recently issued U.S. Patent No. 8,870,735 entitled "Waste Disposal" to SEER on October 18, 2014 (Patent). International patent applications are being filed for this technology and these inventions. SEER has granted an exclusive and irrevocable license for the medical waste application to its majority-owned subsidiary, Paragon Waste Solutions (Paragon).
"The issuance of this Patent is a milestone for Paragon," said, Dr. Villamagna, CEO of Paragon. It forms the basis for the Paragon technology, which has additional applications in a number of other commercial segments. The issuance of the Patent is the culmination of extensive research and will be a cornerstone of our CoronaLux™ technology IP portfolio. This initial Patent was one of our primary objectives in establishing Paragon as an international leader in the waste destruction and minimization markets," said Mr. Villamagna. "We expect to file for and announce additional patent applications supporting and expanding this revolutionary technology in coming months."
"We are all proud of the entire Paragon team and extremely pleased with the issuance of the Patent," said J. John Combs III, CEO of SEER. "Developing a broad and valuable IP portfolio is at the core of SEER's mission as an emerging clean-technology company. We believe that the Patent, as issued, provides broad coverage for the Company's disruptive waste destruction technology across a diverse range of applications, including several multi-billion dollar markets such as medical and pharmaceutical waste destruction, refinery waste minimization, and volatile organic compound (VOC) gas destruction. Now that the patent has been issued we intend to zealously pursue numerous opportunities to introduce this disruptive technology both in the US and abroad," said Mr. Combs.
About Strategic Environmental & Energy Resources, Inc.
Strategic Environmental & Energy Resources, Inc. (SEER) identifies, secures, and commercializes patented and proprietary environmental clean technologies in several multibillion dollar sectors (including oil & gas, renewable fuels, and all types of waste management, both solid and gaseous) for the purpose of either destroying/minimizing hazardous waste streams more safely and at lower cost than any competitive alternative, and/or processing the waste for use as a renewable fuel for the benefit of the customers and the environment. SEER has three wholly-owned operating subsidiaries: REGS, LLC; Tactical Cleaning Company, LLC; MV Technologies, LLC; and two majority-owned subsidiaries: Paragon Waste Solutions, LLC; and ReaCH4biogas ("Reach").
For more information about the Company visit: www.seer-corp.com
Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of various provisions of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates," and other terms with similar meaning. Although the company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Such forward-looking statements should not be construed as fact. Statements in this press release regarding the issuance of the Patent, the breadth of its protection, and bringing the technology to market are forward-looking statements. The information contained in such statements is beyond the ability of the Company to control, and in many cases the Company cannot predict what factors would cause results to differ materially from those indicated in such statements. All forward-looking statements in the press release are expressly qualified by these cautionary statements and by reference to the underlying assumptions.
J. John Combs III
Chief Executive Officer
Peter Seltzberg, Managing Director
SOURCE Strategic Environmental & Energy Resources