This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

EVTN Team Voraxial ® Gives Thanks To Wendy Schmidt And The X PRIZE Foundation

Stocks in this article: EVTN

FORT LAUDERDALE, Fla., Oct. 19, 2011 /PRNewswire/ -- Enviro Voraxial Technology, Inc. (OTCOB: EVTN) extends its gratitude to the Wendy Schmidt Oil Cleanup X Prize Foundation for developing, organizing and administering a worldwide competition for oil spill recovery. EVTN was honored to be selected as one of 10 finalists from among 350 international contenders for the $1.4 Million Wendy Schmidt Oil Cleanup X CHALLENGE.  The 10 finalists included a diverse group of domestic and international companies, some with decades of oil spill response experience.  

Since the Voraxial 8000 can process and separate much greater volumes of oil and water than any known mechanical separator of its size or energy consumption, Team Voraxial entered the competition fully anticipating that they had a potential winner.  The Submersible Voraxial 8000 performed flawlessly during the competition.  However, as occasionally happens during initial test conditions, an auxiliary pump used to transfer the output of the Voraxial to a holding tank was compromised and unable to deliver more than a small percentage of the Voraxial's total output.  The holding tank is where the measurement of the captured oil for the test was conducted.  This resulted in test results that did not measure the actual Voraxial performance.  Even though Team Voraxial did not ultimately win the X Prize, they came away with an even stronger conviction that the Voraxial represents the highest performance oil/water separation technology available for oil spill cleanup applications.  The visibility afforded by the X PRIZE to demonstrate the Voraxial 8000 has already resulted in increased inquiries and project reviews from both oil spill response companies and the oil exploration and production industry.

EVTN is the developer and manufacturer of the Voraxial® Separator, a high volume, compact separation device that separates contaminants from water.  The compactness, light weight and low energy requirements of the Voraxial® enables it to be installed on new vessels or retrofitted on existing vessels for oil spill response.  Additionally, similar to other auxiliary equipment on vessels such as firefighting hoses, the Voraxial's® small footprint allows it to be secured on vessels, such as tug boats and supply vessels, without interfering with the main function of the vessel.  Multiple Voraxial® 8000 models, each capable of processing 7,000,000 gallons of oily water per day, can easily be retrofitted on an average size supply vessel and quickly convert them into a high volume oil spill recovery vessel.  EVTN is in discussions to pursue this oil spill solution to protect a large region from multiple simultaneous Deepwater Horizon disasters.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,471.17 +71.50 0.44%
S&P 500 1,923.99 +19.98 1.05%
NASDAQ 4,369.5520 +53.4780 1.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs