PolyKinetix™, Inc., is pleased to announce that the Company has received a Memorandum of Understanding (MOU) describing the pathway to grant its first technology license to NexState Energy Corporation, developer of the Virtual Landfill Terminal (VLT®), a total waste solution designed to create electricity, petrochemical intermediates, and fuel, with the opportunity to provide a zero emissions footprint.

This MOU outlines the means for PolyKinetix™ to grant a technology license to NexState in support of future commercial-scale design and construction of multiple waste plastics and/or rubber conversion facilities with domestic and international deployment.

The PolyKinetix™ Solution

PolyKinetix™ is a second-generation technology company focused on demonstrating and licensing the world’s first truly continuous and self-cleaning process for conversion of non-recyclable plastics, end-of-life tires, and compounded industrial rubber products to petrochemical and lubricant intermediate products within well-established commodity markets.

We offer an opportunity to create a profitable and sustainable enterprise to build wealth among our stakeholders, deploying transformational technology to mitigate the deterioration of our global environment, and contribute to the betterment of human health. Given the reduction in capital cost, PolyKinetix™ systems offer an improved economy of scale, bridging the gap to serve individual industrial generators of polymer waste without the need to aggregate enormous quantities of waste for conversion at remote locations.

Now operated by third parties at the commercial scale, Generation One technology, described in patents authored by the PolyKinetix™ Founder, was the world’s first truly continuous process for conversion of waste plastics. PolyKinetix™ Generation Two improvements offer a broader desirable scope of waste consumed as its raw material and substantial elimination of operational downtime. PolyKinetix™ is on the path to globally licensing its Generation Two technology to industrial and governmental organizations needing to adopt sustainable, profitable, and non-disposal means to eliminate waste and minimize carbon footprints. Generation Two technology provides an alternative to landfilling and burning of non-recyclable wastes from littering on the personal scale to uncontrolled land disposal and ocean dumping in the international arena.