FORT LAUDERDALE, Fla., March 23 /PRNewswire-FirstCall/ -- Enviro Voraxial Technology, Inc. (OTCBB: EVTN) announced today that the Company received a purchase order to deploy a Voraxial® 4000 Separator to the oil & gas exploration and production industry for oil and solids separation.
The Voraxial® 4000 Separator, which processes and separates contaminates from water at rates of 15,000 barrels per day, will be used as a 3-way separator to extract oil and solids from wastewater generated during the production process. A significant quantity of wastewater is produced during the typical oil & gas production operations. The Produced Water Society estimates that over 1 trillion gallons of produced water is generated each year.
The Voraxial was chosen for its ability to efficiently and economically process a large volume of liquids with a small footprint and no pressure drop requirement. The Voraxial's footprint is significantly smaller than competing products allowing the customer to treat the wastewater in a more compact manner. In addition, the customer experiences cost savings on the installation, operation and maintenance of the Voraxial.
About EVTN: Enviro Voraxial Technology, Inc. (OTCBB "EVTN") is the Fort Lauderdale, Florida based developer and manufacturer of the Voraxial® Separator, a mechanic separator that separates contaminants at high volumes with less space, energy and weight than conventional equipment. The Voraxial Separator benefits include: high volume/small footprint, no pressure drop requirement, 2-way or 3 way separation, handles fluctuations in flow rate and oil concentration without any adjustments, high "g" force and less maintenance than conventional equipment. The Voraxial® Separator technology is scaleable and universal in its implementation. These benefits result in significant cost savings to the customer, both acquisition and operating cost.
The separation market encompasses a series of multi-billion dollar segments, spread globally across many industries and applications. As the developer of this patented separation technology, the economic implications for EVTN should be significant. EVTN was originally founded as a high precision aerospace manufacturer that built the gyro platforms for the Hubble space telescope as well as missile and satellite components. EVTN re-invested its profits along with equity investors (that include two European Intuitions) toward the development of the Voraxial® Separator. The Voraxial® is now successfully commercialized and is the exclusive focus of EVTN's business. EVTN owns significant IP surrounding the Voraxial®. EVTN is continuing to develop and market its Voraxial® Separator as stand-alone technology as well as a key component of a turnkey separation system to improve the efficiency of self-contained treatment systems for multiple applications.
Safe Harbor Disclosure -- This Press Release contains or incorporates by reference "forward-looking statements," including certain information with respect to plans and strategies of Enviro Voraxial® Technology, Inc. For this purpose, any statements regarding this announcement, which are not purely historical, are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, including Enviro Voraxial® Technology, Inc. beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and based on information available to Enviro Voraxial® Technology, Inc. as of such date. There are a number of important factors that could cause actual events or actual results of Enviro Voraxial® and its subsidiaries to differ materially from those indicated by such forward-looking statements.
SOURCE Enviro Voraxial Technology, Inc.