Eco Innovation Group, Inc. (OTC: ECOX) (“ECOX” or the “Company”), an innovative company aggregating investments in new technologies that promote environmental and social well-being and the advancement of green energy solutions, today announced that it has received a Notice of Allowance from the United States Patent and Trademark Office (USPTO) for its patent covering methods of extraction of plant materials obtained using Glytech’s supercritical glycerin extraction technology exclusively licensed to ECOX.
“We are delighted to hear this positive news from the U.S. patent office,” said Julia Otey-Raudes, Chief Executive Officer of Eco Innovation Group, Inc. “Glytech continues to make significant progress in making the technology available to the extraction industry including cannabis, perfumes, cosmetics and other products. The plant extraction method promises to reduce waste from vaping cannabis and to provide better standardization of extracts in products. “We believe Glytech’s promising extraction performance and favorable safety profile, coupled with its differentiated mechanism of action, position supercritical glycerin plant extraction as a key method to be considered in the cannabis and marijuana extraction industry,” said Otey-Raudes.
This decision by the U.S. patent office represents a key milestone in the alignment of ECOX’s global patent strategy with our green and sustainable development path.”
About Glytech, LLC
On December 16, 2020, Eco Innovation Group, Inc. entered into a Global Exclusive License Agreement with Glytech LLC, a California limited liability company (“Glytech”), and Demitri Hopkins, the coinventor with Michael Willems of the Glytech supercritical plant extraction technology (“Hopkins”). Under the terms of the Exclusive License Agreement, the Company exclusively acquired a license to the intellectual property rights from Hopkins and Glytech to commercialize the extraction technology.
About Eco Innovation Group
Eco Innovation Group was founded by Inventors and Business Professionals to help nurture and catalyze the most innovative and impactful products and services, and to deliver those innovations to the world, improving the quality of life in our communities and the world around us, while delivering value to our shareholders. At ECOX, we are dedicated to developing and commercializing successful products. But we will never lose sight of the fact that we exist, first and foremost, to help people and improve life on the planet we all share. We take our Social Responsibility Contract seriously in all our endeavors. It is not only what we do. It is who we are. For more information, visit www.ecoig.com.
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