Valero Energy Corp (VLO)

[Slashnuts]

VLO Settlement With GERS Over Oil Extraction Patents

VLO made a mistake when they purchased an unlicensed oil extraction system called the "Advanced Oil System".

http://ethanolproducer.com/articles/8173/valero-to-invest-in-corn-oil-extraction-at-ethanol-plants

The company selling the system got sued for not having a license with GreenShift (GERS), the inventors of oil extraction technology.

Fast forward to today, the companies have reached a massive settlement. Remaining details are being finalized. GERS ( who just hit a 52 week high today) would like to welcome Valero as one of it's largest licensee's for it's patented oil extraction technology.

https://drive.google.com/file/d/11RERZ9OvsBY4qyIlf-7-fyTSTdfdvG-L/view

In what appears to be part of the settlement, the Advanced Oil System has been pulled off the market.

www.icminc.com/products/advanced-oil-separation-system.html

Interestingly, the AOS Also Vanished From Valero's Website...
All references to the Advanced Oil System have been removed.

(Original link to VLO PR about oil extraction system)
https://www.valero.com/Pages/PageNotFoundError.aspx?requestUrl=https://www.valero.com/NewsRoom/Pages/PR_20110916_0.aspx

https://www.valero.com/_layouts/15/osssearchresults.aspx?u=https%3A%2F%2Fwww%2Evalero%2Ecom&k=aos#k=icm%20aos

Good Luck To All!$!$