American Soil Tech Purchases Company

American Soil Technologies in Pacoima has acquired Advanced Fertilizer Technologies Inc., a subsidiary of UTEK Corporation, in a stock transaction. Advanced Fertilizer Technologies has patented technology that provides a cost-effective method for producing fertilizer from plant nutrients containing organic material and waste. “We are very excited to complete this technology transfer with UTEK,” said Carl Ranno, CEO of American Soil Technologies. “By expanding our patent portfolio, we believe we can further strengthen our proprietary position in the green industry.” UTEK is a technology transfer company that arranges for businesses to rapidly acquire technologies from universities and research laboratories worldwide.