EVTN Announces New VoraxialÂ® Order from Oil Service Company with Global Operations
FORT LAUDERDALE, Fla., Oct. 5, 2011 /PRNewswire/ — Enviro Voraxial Technology, Inc. (OTCBB: EVTN) announced today that it has shipped a VoraxialÃ‚® 2000 System to an oil and gas service company for a produced water application. The Texas based multi-billion dollar oil service company is a leading provider of consulting, engineering, and technical services worldwide.
The Voraxial 2000 System, designed to be installed on offshore platforms, will be utilized for the separation of oil and sand from produced water. Produced water is a major issue for oil companies as it comprises over 98% of the total waste volume generated by the oil and gas industry. It is estimated that over 211 million barrels of water need to be treated each day in the oil industry. EVTN’s growing penetration into the oil & gas market is resulting in increased sales and deployments. The Voraxial Systems are being used to treat produced water for both offshore and onshore production facilities.
“We are experiencing a greater volume of customer inquiries which is resulting in increasing sales and a growing pipeline of prospective projects. The sales are primarily from the oil industry and include both the Voraxial as a standalone and incorporated within a complete turnkey solution,” said John A. DiBella, COO of EVTN.
The Voraxial was selected for its many benefits including efficient separation without requiring a pressure drop, ease of installation and operation, and its economical benefits – specifically cost savings from the acquisition, installation, operation and maintenance of the equipment. Since the Voraxial is compact, complete turnkey systems can be supplied to treat a variety of fluid streams to reduce the customers treatment cost and increase the separation efficiency. Without creating a pressure loss, the Voraxial provides for quality separation while decreasing the amount of space, energy and weight to conduct the separation – all of which are precious commodities in a variety of markets. EVTN continues to pursue the oil & gas industry but is also receiving request for proposals from other industries such as mining, manufacturing and oil spill industries.
About Enviro Voraxial Technology: EVTN is the developer and manufacturer of the VoraxialÃ‚® Separator, a unique, patented in-line turbo-separator that provides a cost effective method to efficiently separate large volumes of solids and liquids with different specific gravities and without the need of a pressure drop. The Voraxial provides highly efficient bulk separation while requiring less space, energy and weight than conventional separators processing the same volume. The Voraxial is capable of simultaneously separating up to three components, such as oil, water and sand. The Voraxial can be used as a stand-alone separator or incorporated with other equipment to provide a complete turnkey solution that allows customers to treat a variety of fluid streams while reducing treatment cost and increasing separation efficiency.
The separation market encompasses a series of multibillion dollar segments, spread globally across many industries and applications. EVTN continues to pursue the oil & gas industry but is also processing proposals from other industries such as mining, food processing, manufacturing and oil spill industries. EVTN owns significant IP surrounding the Voraxial and has new innovations under development. Please see www.evtn.com for additional information.
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.