West Mountain Environmental Files Lawsuit Against Justin Shen and Easy Clean for Theft of its Intellectual Property
(firmenpresse) - SHANGHAI, CHINA -- (Marketwired) -- 06/13/16 -- West Mountain Environmental Corp. (the "Company") (TSX VENTURE: WMT) announced that the Jiaxing Intermediate Court, in Jiaxing, China has accepted West Mountain Environmental Technology China Co., Ltd''s lawsuit against a former employee Justin Shen and a related company in respect of their illegal use of the Company''s proprietary intellectual property (patents).
"We are appreciative of the Court''s action to hear the case," said Timothy Mahoney, President and CEO, "protecting our Company''s intellectual properties from theft is fundamental to protecting our investment in China and in turn protecting shareholder value. We will pursue every legal avenue to stop Mr. Shen from illegally using our technology."
The Company anticipates conclusion of this case within the next 6 months.
About West Mountain
West Mountain is an established Canadian environmental solutions company specializing in the thermal treatment of a variety of hazardous and non-hazardous waste streams. Through its subsidiaries it employs a unique indirectly heated, closed loop technology that allows it to extract even the most hazardous contaminants from soil and industrial sludge converting much of it into reusable oil and synthetic natural gas that it uses to sustain the process. This methodology offers significant opportunity for greenhouse gas reduction over traditional hazardous waste destruction technologies. The Company''s management team maintains expertise in hazardous waste management and contaminated site remediation with experience spanning North America and 15 countries internationally.
Forward-Looking Statements
This news release contains forward-looking statements, such as the anticipated timing of the completion of law suits, and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. Although West Mountain believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because West Mountain can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. The forward-looking statements and information contained in this news release are made as of the date hereof and West Mountain undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts the responsibility for the adequacy or accuracy of this release.
Contacts:
West Mountain Environmental Corp.
Mr. Timothy Mahoney
President and CEO
561 626 9311
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Datum: 13.06.2016 - 15:40 Uhr
Sprache: Deutsch
News-ID 1441138
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SHANGHAI, CHINA
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Waste Management
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