Earth Science Tech Announces and Secures New Provisional Patent for "Hemp Oil Enriched With CBD (Cannabidiol)" Filed With the United States Patent and Trademark Office (USPTO)
BOCA RATON, FL--(Marketwired - October 20, 2014) - Earth Science Tech, Inc. (OTCQB: ETST) ("ETST" or "the Company"), a unique biotechnology company focused on nutraceuticals, bioceuticals and dietary supplements, today announced it has secured, and been assigned, a new provisional patent with the United States Patent and Trademark Office (USPTO) for Hemp Oil Enriched with CBD (Cannabidiol) and Hemp Oil Enriched with Proprietary Additives. The patent was filed on October 8, 2014 by the inventors Dr. Harvey Katz the CEO of Earth Science Tech and Dr. Wei R. Chen the assistant dean of the College of Mathematics and Science at the University of Central Oklahoma (UCO). On October 17, 2014 the inventors Dr. Harvey Katz and Dr. Wei Chen assigned the Provisional Patent to Earth Science Tech, Inc. (ETST).
In order to protect the valuation of this patent and its intellectual properties, ETST cannot completely reveal the full nature of this patent at this time or site any of the claims or studies until the patent or patents are issued by the PTO. There will be a number of new claims on the provisional patent before the final Utility Patent is filed. This will be within the one year time limit for the Utility Patent to be filed. The parties have agreed to an assignment of the relevant patent applications from Dr. Katz and Dr. Chen to Earth Science Tech, Inc. (ETST). Dr. Katz and Dr. Chen have applied for a patent with the United States Patent and Trademark Office (USPTO) to cover Hemp Oil Enriched with CBD (Cannabidiol) and Hemp Oil Enriched with Proprietary Additives Dr. Chen has also done extensive work in the area of laser treatment of breast cancer and is working with a foreign drug company to advance and exploit the technology under development. Dr. Katz is a scientist who works with CBD, is associated with Dr. Chen in various particulars and has made contributions to the formulation of certain potential products. Dr. Chen is a world renowned scientist, researcher and university professor whose laboratory is prominent in various areas including the application of CBD (Cannabidiol). ETST is in the business of manufacturing and marketing products which utilize the CBD component of hemp oil for nutritional and palliative purposes.