UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): | March 23, 2010 |
CONVERTED ORGANICS INC.
__________________________________________
(Exact name of registrant as specified in its charter)
Delaware | 001-33304 | 204075963 |
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
137A LEWIS WHARF, BOSTON, Massachusetts | 02110 | |
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
Registrants telephone number, including area code: | 617-624-0111 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
On March 23, 2010, Converted Organics Inc. (the "Company") entered into an exclusive irrevocable license agreement with Heartland Technology Partners, LLC ("HTP") to utilize HTP's patented LM-HT(TM) Concentrator technology in the US industrial wastewater market. A breakthrough wastewater treatment process, the LM-HT(TM) Concentrator reduces carbon emissions compared to traditional technologies and uses waste heat and renewable energy as thermal fuel. The agreement further states that the Company agrees to purchase all wastewater concentrators from HTP.
In addition, the Company has hired a senior executive in the waste water processing industry and has begun to develop plans to establish this line of business.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits
99.1 Press release dated March 24, 2010.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CONVERTED ORGANICS INC. | ||||
March 29, 2010 | By: |
/s/ Edward J. Gildea
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Name: Edward J. Gildea | ||||
Title: President and CEO |
Exhibit Index
Exhibit No. | Description | |
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99.1
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Press Release dated March 24, 2010. |