SO, what happened to the "patent related to its Data Business, for the recovery of tape information."?
JBI has a patent related to its Data Business, for the recovery of tape information.
Also, JBI is in the process of filing 5 separate patents for its Plastic2Oil Processor.
FORM 10-K - Page 15
sec.gov
John Bordynuik, 41, John Bordynuik is the founding CEO and President. Mr. Bordynuik developed highly sophisticated technology to address issues related to MIT and NASA’s legacy computer data contained on 30-40 year old tapes, and has since recovered thousands of tapes from the 1960's to 1990's.
Mr. Bordynuik did not have a contract with, and was not compensated by, MIT.
During 1990-2001, Mr. Bordynuik was employed by the Ontario Legislative Assembly, Queen's Park, Toronto, in Research and Development.
Mr. Bordynuik has recovered data from old media for the past 20 years to amass a large solution and algorithm archive.
Mr. Bordynuik was granted a broad US patent (7,115,872) for a dirty bomb detector in 2006.
Mr. Bordynuik invented the Plastic2Oil process in 2009.
The process was scaled to a 20MT machine operating in Niagara Falls, NY. Mr. Bordynuik has designed further enhancements to the P2O processor, including two columns supporting 4 catalyst trays. In addition, he has added significant technology to guarantee fuel quality, along with installing an inline fuel additive injecting system on both heavy and light fuel condensing systems.
He has also engineered a hot-tap residue removal process. Quality control includes two columns for control and specificity of fuel fractions, a cyclone (particulate removal in vapor), fuel filters (particulate removal in liquid), and a centrifuge (additional redundant particulate trap), as well as column enhancements to guarantee particulate free fuel.
Fuel additives are injected inline while fuel is being produced to increase their effectiveness. The residue removal system now works while the processor is running, so the reactor does not have to be cooled down and stopped to remove residue.
Mr. Bordynuik is qualified and capable to perform his duties on the board because of his many years in the technology sector as an innovator and entrepreneur. Because of his past accomplishments commercializing new technologies, Mr. Bordynuik is quite capable of making decisions for the best interest of the company and, when necessary, to engage third party professionals who will perform their respective duties for the best interest of the company. |
