AUTRIS Updates Shareholders on 2015 Activities
Apr 16, 2015, 08:30 ET
PORTLAND, Ore., April 16, 2015 /PRNewswire/ -- AUTRIS (OTCQB: AUTR) announces that NITROHEAT, its 100% owned subsidiary has had an exciting start to the year with expansion of its spray painting division focusing on the Automotive and Industrial segments. With the launch of the newly improved product lines, and the expansion and interest from the international markets including Asia, Europe and Australasia, the company looks forward to increasing revenues over the next nine months.
Back in North America the company together with its major distributor, WedgeClamp Systems has installed the NitroMax30 system into a fifty thousand square foot automotive collision facility at Long Beach, California. This will also be used as a showroom and training centre for the USA market.
In Washington the company has supplied the HeatPro200 system for use in the coatings of furniture manufacturing with major improvements in drying time and production. The industrial market for the application of the NitroHeat spray painting division is three times larger than the automotive collision markets.
During the first quarter of 2015 the company registered a patent for the utilization of its Nitrogen Generation technology (MaxFrack) in the oil and gas fracturing ("FRACKING") industry. This is an environmentally beneficial answer to the current hydraulic fracking process used by current operations as very little water and chemicals are required in the process. The company anticipates this to be a very large market as the fracking operations continue to grow in North America.
About AUTRIS
AUTRIS is an OTC publicly traded company. We are a dedicated technology investment company with a current wholly owned subsidiary NITROHEAT (www.nitroheat.com). The company is strategically positioned for additional acquisitions in the automotive and technology sectors. Our focus is to continue the development and growth of NITROHEAT whilst exploring additional opportunities related to nitrogen generator and compressed gas technologies.
About NITROHEAT
NITROHEAT is a wholly owned subsidiary of AUTRIS. NITROHEAT is a manufacturer and distributor of innovative high performance air filtration, heating and nitrogen generation equipment. Manufactured in the USA, the company utilizes a vast equipment reseller network for the distribution of its products. Core Products are the Nitromax30 (heated nitrogen generation), MaxDry 200 (High performance filtration, membrane dryer and compressed air heater) and HeatPro200 (Compressed Air Heater)
The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, the words "may", "will", "should", "expects", "plans", "intends", "anticipates", "believes", "estimates", "predicts", "potential", or "continue" and similar expressions identify forwardlooking statements.
Actual results, performance or events may differ materially from those in such statements due to, without limitation, (i) general economic conditions, including in particular economic conditions in the AUTRIS core business and core markets, (ii) performance of financial markets, including emerging markets, and including market volatility, liquidity. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences.
The matters discussed herein may also be affected by risks and uncertainties described from time to time in AUTRIS filings with the U.S. Securities and Exchange Commission. The company assumes no obligation to update any forward-looking statement
Submitted by AUTRIS
Contact Info:
Derek Naidoo President and CEO
Tel: +1(800)931-3472
Fax: +1(866)437-1405
[email protected]
SOURCE AUTRIS