great news out today for EVTN
EVTN Announces New Multi-Voraxial? Order to South American National Oil Company FORT LAUDERDALE, Fla., March 7, 2012 /PRNewswire via COMTEX/ -- Enviro Voraxial Technology, Inc. (OTCBB: EVTN) announced today that it has received another multi-unit purchase order for its Voraxial? Separators from a South American National Oil Company. The units were recently shipped. Following record sales in 2011, EVTN projects accelerated growth in 2012 as evidenced by expanding opportunities with some of the world's largest corporations.
These Voraxial? Separators will be installed on a FPSO (FPSO is short for Floating, Production, Storage and Offloading) for an offshore produced water application in South America. EVTN previously shipped multiple Voraxial? Separators to this customer in 2011. EVTN believes there is a high potential for multiple repeat orders over the next several years.
"The customer is pleased with the performance of the Voraxial? and has decided to order additional units for its FPSO," stated John A. DiBella, CEO of EVTN. "The Voraxial? offers the oil industry a cost effective method of processing and treating its wastewater, specifically in its ability to process large volume of liquids with less energy, less space and without any pressure loss."
This order further confirms the expanding commercialization of the Voraxial? Separator in international markets. Sales acceleration is forecasted for 2012 as EVTN is experiencing increased inquiries for its Voraxial? Separators, especially for its larger models, the Voraxial? 4000 and Voraxial? 8000 Separators. The Voraxial? 8000 Separator, which processes up to seven million gallons per day (over 150,000 barrels per day), provides 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.
The South American National Oil Company currently processes several hundred thousand barrels of wastewater per day. Produced water comprises over 98% of the total waste volume generated by the oil and gas industry, making it the largest volume waste stream associated with oil and gas production. Oil reservoirs frequently contain large volumes of water and as oil wells mature, the amount of oil produced from the well decreases while the amount of water needed to be treated increases. The efficient separation of oil from produced water and the environmentally responsible treatment of the remaining water are critical processes in the production of oil. EVTN's Voraxial? Separator offers the industry an economical solution to treat this increasing volume of produced water.
About Enviro Voraxial Technology: EVTN is the developer and manufacturer of the Voraxial? 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 and 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.
