SANTA ANA, Calif.--(BUSINESS WIRE)--Greenkraft Inc. (OTCQB: GKIT), a California-based manufacturer of alternative fuel trucks and alternative fuel systems, announced today that its assignment of all rights and patents associated with the Invention “LPG Fuel System” described under Application Number 61908022 was officially filed and recorded with the United States Patent and Trademark Office. This assignment was filed on May 2, 2014 and the filing receipt was mailed to Greenkraft on May 19, 2014. This invention relates to the conversion of vehicles to run on LPG and can be used to produce trucks running on propane fuel and other alternative fuel systems that allow vehicles to run on propane fuel.
Greenkraft believes this patent could provide a competitive advantage as propane fuel is available and costs significantly less than gasoline or diesel currently used throughout USA. The LPG Fuel System invention described above complements Greenkraft’s current product offerings of natural gas fuel systems it currently manufactures.
About Greenkraft, Inc.
Greenkraft, Inc. designs, develops, and manufactures compressed natural gas (CNG) and Liquid Propane Gas (LPG) forward cabin trucks, alternative fuel systems and alternative fuel engines. For more information, please visit our website at www.greenkraftinc.com.
This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Greenkraft believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, fluctuations in energy prices, general economic conditions in markets in which Greenkraft does business, other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.