Itronics Inc. (OTC:ITRO) announced today that it has received a confidential intellectual property asset valuation report from Fallingst Technologies LLC.
Fallingst Technologies is a leading technology advisory, asset management and IP valuation & lending services firm that works closely with 'smart tech' companies that are focused on bringing transformational ideas and technologies to the marketplace, particularly the emerging markets. "The firm's independent third-party IP valuation services help clients take advantage of non-dilutive lender and investor financing opportunities," said Joseph Hopkins, CEO of Fallingst.
"The work program is designed to include a comprehensive IP asset valuation to be followed by a funding event," said Dr. John Whitney, Itronics President. "The valuation work has been completed and work is now commencing to establish a project that can be funded using the IP valuation as a security component of the financing. Itronics' business is based on use of its portfolio of proprietary 'Zero Waste Energy Saving Technologies'. Completion of this work is expected to significantly increase the value of the Company."
"We would like to thank our investors for their continued support," said Dr. Whitney. "Our portfolio of 'Zero Waste Energy Saving Technologies' is making the world cleaner and greener and is now being positioned to accelerate the Company's drive to profitability."
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