NITROHEAT DEVELOPS GREEN “ NITROGEN FRACKING” SOLUTION
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Portland, OR, (INVESTOR HANGOUT – 17 April 2015) AUTRIS (OTCQB: AUTR), is proud to announce that it’s wholly owned subsidiary, NITROHEAT has designed an innovative dual action mega pressure nitrogen solution for the fracking and secondary oil recovery operations. The patent pending solution will be marketed under the product name MaxFrack-N2
The MaxFrack-N2-100 is a high-powered self-contained unit that can be operated in remote sites producing high volume, high-pressure nitrogen on demand. The system is capable of producing 170,000 liters per hour of 99% pure nitrogen at pressures up to 5000psi. The unit is supplied on a shipping container platform and includes all equipment necessary to generate the high quality nitrogen on demand making this a total stand-alone solution.
NITROHEAT’s patent pending technology will address both environmental and logistical challenges of drilling operators. This technology will improve productivity and efficiency as well as being environmentally friendly.
Legislation as well as the availability of water has caused numerous challenges for fracking operators. The MaxFrack-N2 from NITROHEAT will allow operators to use Nitrogen as an alternative to water thereby minimizing the environmental impact. In many shale environments, Nitrogen assisted processes have proven to be more effective with lower costs than water treatments.
AUTRIS CEO Derek Naidoo says “This ground breaking technology will elevate the level of the current NITROHEAT business and expand from our automotive and industrial sectors into the oil and gas segments. This opens up an entirely new market with exponential revenue streams. Revenue generation from the MaxFrack-N2 is expected to exceed $100M over the next 5 years. ”
AUTRIS is an OTC publicly traded company. We are a dedicated automotive 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.
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.
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 forward-looking 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
President and CEO
Tel: (800) 931 3472
Fax: (866) 437 1405