Greenshift Corporation (GERS)

[Olie77]

30% of the Industry Using Greenshift Technology

If GERS is stating 30% of the industry is using their technology, i take that to mean they have licensed approx 3-4billion gallons. I base this assumption on how they've historically used these terms.

In the past, Greenshift has always tied their percentage of industry penetration to licensed production in gallons.

See below
*for the year 2010 GERS states they have licensed 9% of the industry, corresponding to ~1billion gallons.
*for the year 2011(up to 3q) GERS states they have licensed 15% of the industry, corresponding to ~ 2 bilion gallons.




From 3Q2011

Plan of Operations

Our business continues to improve. We won significant new business during 2011, increasing licensed penetration to more than 15% of the industry and more than doubling the amount of production licensed to use our extraction technologies from 1.0 billion gallons per year (“BGY”) at the end of 2010 to more than 2.0 BGY of ethanol production today.

From 2q2011

During 2010, we licensed our extraction technologies to ethanol producers corresponding to over 1 billion gallons per year (“BGY”) of ethanol production and more than 9% of the industry.