American International Ventures Inc. Acquires Cutting Edge Coal Conversion Technology Patent
LITHIA, September 19, 2018 - American International Ventures Inc. (OTC PINK: AIVN) acquired an undivided 100% right to US Patent number 7,608,170, B1 issued October 27, 2009 from Hydrocarbon Conversion and Sequestration Systems, LLC, a Pennsylvania Limited Liability Company. This patent processes will be used to develop Coal to Liquids plants Worldwide. The process further enhances the abilities of AIVN in Indonesia as part of that nations move toward jobs creation through "value added" processing of low rank coal (LRC) onshore. The patent will also be utilized in building domestic plants in West Virginia and other coal producing states (USA). In acquiring this patent, AIVN continues to build its base of "environmentally responsible energy technologies". AIVN will utilize this Process for Depolymerizing Coal to produce Synthetic Crude Oil, Bunker Fuel, Pitch and "light end" Naphthalene classed derivatives. The overall process can yield up to four (4) barrels Synthetic Crude Oil per ton using (LRC) as a feedstock.
Robert G Polce CEO of American International Ventures Inc. said, "The acquisition of this technology opens up markets and coal reserves that were until now stranded assets for many countries and companies due to the high cost of development."
The scientist that developed the technology and applied for the original patent is Dr. John Ousey Jr. He will work directly with our Chief Technology Officer, Mr. Paul "Mike" Muncy, in review and due diligence regarding technologies which augment the core development of clean coal technologies. AIVN continues to develop projects in the Pacific Rim and more particularly in Indonesia where GeoEnergy, its wholly owned subsidiary, controls mineral interests. John R. Ousey Jr. graduated from LaSalle College (now University), Philadelphia, PA in 1964 with a B.A. in Biology, and a minor in Education. Over the next several years he acquired graduate degrees from Penn State, University Park, PA (M.Ed. in Earth Science, 1968; D.Ed. in Earth Science, 1980) and Drexel University, Philadelphia, PA, (M.S. in Environmental Science, 1977). Dr. Ousey spent most of his career as an educator teaching at the Brandywine Campus (formerly Delaware County Campus) of Penn State University. He taught introductory level and non-major courses in Geology, Physical Geography and Meteorology plus a few STS (science, technology and society) courses. Among the latter courses was one called Energy and Fuels in Society, which helped trigger a long-term interest in the field of energy resources and related technology. For over twenty years, while on the faculty of Penn State, he also engaged in technical consulting in the field of hydrogeology with a local engineering firm. Following his retirement in 2001, he continued to follow the scientific literature in the fields he was interested in and early in 2004 he came up with the idea that ultimately became U.S. Patent No. 7,608,170.
American International Ventures Inc. (AIVN) is a gold and silver mining company with a focus on acquiring mines in operator friendly regions of the United States and Mexico. AIVN flagship mining property "The Mother Lode" in Baja California, Mexico is an enormous mining district, with a rich history starting at the turn of the 20th century when over 200,000 ounces of gold was mined in only 10 years. Only 10% of the property has been tested for gold; the areas that have, return consistently high-grade results.
AIVN wholly owned subsidiary: GEOENERGY is a diversified mining and mineral asset management company that is involved in energy, natural resource and fuel related industries. GEOENERGY (along with its partners and affiliates) control over 1.5 billion tons of Coal and other mineral assets in worldwide (including Indonesia) GEOENERGY has worked to develop technologies which support recent government mandates to create jobs and value-added products that is mandated under new regulations set forth by the Indonesian government to increase the value of raw minerals through processing on shore, for domestic use and export. Our Coal to Liquids business model provides total compliance with these mandates. This technology requires high moisture coal as a feedstock and eliminates expensive Coal Drying Techniques currently utilized.
Cautionary Note Regarding Forward-Looking Statements and Information concerning mineral resources. This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement and cost of mining programs, anticipated exploration and metallurgical test program results, the discovery and delineation of mineral deposits/resources/reserves, the potential for any mining or production are to be considered forward-looking statements. Except as required by the Federal Securities law, AIVN does not undertake any obligation to revise or update any forward-looking statements contained herein after the date hereof.
Company Contact:
Robert G. Polce Jr., Chief Executive Officer
Phone: 813- 260- 2866
Web Site: http://www.aivn.co
