MOORESVILLE, N.C., Feb. 22, 2011 /PRNewswire/ -- Anpath Group, Incorporated, reported today that its wholly-owned subsidiary, EnviroSystems, Inc. (ESI) has registered its GeoTru™ Concentrated Geobiocide with the U.S. Environmental Protection Agency (EPA).
GeoTru is an environmentally friendly biocide designed for the control of microorganisms in oil and gas production operations, including enhanced recovery systems, and industrial water systems. GeoTru is formulated to be easy to handle and ship because of its favorable toxicity profile compared to other biocides used for the same purpose; it is not reactive with typical down-hole chemistries and is equipment-compatible.
One of the most promising trends in the U.S. energy supplies sector is the development of new extraction techniques, such as hydraulic fracturing, which have resulted in a massive boost in natural gas productivity from shale deposits and other unconventional sources once thought unattainable. The $4.7B global well-stimulation material industry has grown at a double-digit annual rate and should continue to grow for years to come. Experts now believe that U.S. natural gas reserves are sufficient to meet the demand for the next 100 years. For example, according to a study by Penn State University, the Marcellus Shale formation (located in several states including New York, Pennsylvania, and West Virginia) may contain up to 1,300 trillion cubic feet of natural gas; potentially worth $2 trillion, creating 180,000 jobs and $4 billion in additional tax revenues.
Drilling for domestic reserves of natural gas has expanded exponentially in recent years with more wells in all parts of the country; however, within highly populated states this drilling boom has prompted increased calls from citizens, environmental groups, and various government sectors, for tighter regulation of the industry. The U.S. Congress is considering a bill that would give the EPA industry oversight requiring oil and gas companies to disclose use of all their conventional chemicals, including biocides that are currently used in the drilling process and pose possible problems with the nation's water supplies.
This offers a market opportunity in the energy sector for EnviroSystems' new proprietary GeoTru Concentrated Geobiocide. The company believes GeoTru Concentrate will aid oil & gas companies to get ahead of the regulatory trends and help reduce growing environmental and safety concerns, and assist to fully capitalize on the tremendous growth of domestic energy resources and drilling opportunities.
About Anpath Group, Incorporated:
Anpath Group, Inc. (Anpath), through its wholly-owned subsidiary EnviroSystems, Inc., produces cleaning and disinfecting products that it believes will help prevent the spread of infectious microorganisms while minimizing the harmful effects to people, equipment or the environment. Visit www.anpathgroup.com for more information.
EnviroSystems, Inc. is focused on safe infection prevention technologies that the company believes will position the company in the forefront of the industry at a time when there is rapidly growing awareness of the critical need to prevent biological risks — both natural and man-made. Visit www.envirosi.com for more information.
Forward Looking Statements:
This release may contain forward-looking statements, which reflect expectation or belief by Anpath Group, Inc. concerning future events that involve risks and uncertainties. Anpath Group can give no assurance that the expectations reflected in forward looking statements will prove correct and various factors could cause results to differ materially from Anpath Group expectations, including, but not limited to U.S. EPA and state registration of Anpath Group's products, foreign registration of its products, its ability to carry out its business plan, successful development and commercial acceptance of its products, ability to fund development of its technology, the risk that products may not result from development activities, protection of its intellectual property, need for regulatory approvals, and other factors discussed in periodic Anpath Group, Inc. filings with the Securities and Exchange Commission. Forward-looking statements are qualified in their entirety by the above cautionary statement. Anpath Group assumes no duty to update its outlook or other forward-looking statements as of any future date.
SOURCE Anpath Group, Inc.