FORT LAUDERDALE, Fla., March 1 /PRNewswire-FirstCall/ -- Enviro Voraxial Technology, Inc. (OTCBB: EVTN) announced today that it has received a purchase order from Uranium One, Inc. (TSE: UUU; JSE: UUU) to supply a Voraxial Organic Recovery System for the Honeymoon Uranium Project. Uranium One is among the top 10 Uranium producers in the world.
Uranium One is developing the Honeymoon Uranium Project. The Honeymoon Uranium Project, located in the uranium-producing state of South Australia, is an advanced in situ recovery (ISR) project. The benefits of ISR include 1) No movement of ore, overburden or waste rock required, 2) No tailings, 3) Environmentally friendly, 4) Less time required for permitting and construction and 5) Low operating and capital costs. Planned technical processes for uranium extraction have been confirmed through the operation of a demonstration plant and a field leach trial over an 18 month period. Steady state production levels are expected to be 880,000 pounds U3O8 per year.
The purchase order was received through EVTN's relationship with Ausenco, one of the top companies listed on the Australian Securities Exchange (ASX: AAX). The Ausenco Group is a leading provider of engineering, project management and operation solutions for the global resources and energy sectors.
The Voraxial®1000 Separator will be installed to extract an oily, aqueous solvent stream from the uranium extraction, process water. EVTN's Voraxial® Separator was selected based on its important economic benefits. These advantages include a significant reduction in energy, space and maintenance requirements.
The Voraxial® Separator represents a major advance in fluid and fluid/solid separation technology. Separation is a critical process across many of the world's most important industries. This purchase order represents another multi-billion dollar industry that can benefit from the advantages of EVTN's Voraxial® Separator. The Voraxial is being used for various separation processes including oil exploration and production, produced water, refinery, mining, water treatment, among others.
About Uranium One, Inc.: Uranium One Inc. is a Canadian-based company with a primary listing on the Toronto Stock Exchange and a secondary listing on the JSE Limited (the Johannesburg stock exchange). The Company is one of the world's largest publicly traded uranium producers with a globally diversified portfolio of assets located in Kazakhstan, the United States, South Africa and Australia. www.Uranium1.com
About Ausenco: Ausenco Group is one of the top companies listed on the Australian Securities Exchange (ASX), the Ausenco group (ASX: AAX) is a leading provider of engineering, project management and operation solutions for the global resources and energy sectors. The group combines the expertise, experience and resources of five significant global engineering and project management service businesses. The Ausenco group of companies has delivered on some of the most complex and challenging projects around the world, to a broad global client base ranging from leading multi-nationals to mid-level and junior resource companies. Headquartered in Brisbane Australia, the group has around 2,200 people across 13 countries around the world. www.ausenco.com
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. 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's Voraxial® separation systems have completed projects with many of the world's top industrial companies, including ConocoPhillips, Cameco, Repsol, US Navy and Transocean. 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®. www.EVTN.com
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.