This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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 Announces New Multi-Voraxial® Order To South American National Oil Company

Stocks in this article: EVTN

FORT LAUDERDALE, Fla., March 7, 2012 /PRNewswire/ -- 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.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

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