March 07, 2012
Enviro Voraxial Technology, Inc. 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. (Previous order pictured above)
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." (See slideshow of past South American Oil order)
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
Enviro Voraxial Technology, Inc. (OTCBB “EVTN”) is a Fort Lauderdale, Florida based CleanTech company that developed and manufactures the Voraxial® Separator, a highly efficient technology for high volume, bulk separation of fluids such as oil and water.
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 & 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.
Safe Harbor Disclosure -- This 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.