March 29, 2012
Enviro Voraxial Technology, Inc. (OTCOB:EVTN). announced today that it has received an order for its Voraxial® 4000 Separator. The Voraxial® 4000 Separator, which will process up to 17,000 barrels per day (700,000 gallons per day), will be used for oil/water/solid separation at the customers' South American oil production facility. This customer has a significant presence in various Latin American countries with total operating production of over 300 MBOE/D (thousand barrels of oil equivalent per day). The unit was recently shipped.
The characteristics of the Voraxial®, specifically the ability to process a large volume of liquids with low energy requirements, a small footprint and no pressure drop, are increasing the demand of the Voraxial® Separators, including its newly introduced Voraxial® 8000, in the oil & gas exploration and production market. The Voraxial® offers this customer and the oil industry as a whole, a more economical method in treating its wastewater. Customers can experience cost savings from the separation efficiency and through decreased expenses of acquiring, installing, operating and maintaining the equipment.
EVTN offerings include the Voraxial® as a stand-alone unit or a turnkey system. Since the Voraxial® is compact, turnkey systems can be built to meet the customer's specific water management requirements. Pricing for these systems can range from approximately a hundred thousand dollars to multi-million, depending on the customer's needs
Due to contractual agreements, often required by major corporations, the customer name is withheld.
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.
Vice President of Marketing and