EVTN To Supply Voraxial for Uranium One - Honeymoon Uranium Project
01 Marzo 2010 - 7:03AM
PR Newswire (US)
FORT LAUDERDALE, Fla., March 1 /PRNewswire-FirstCall/ -- Enviro
Voraxial Technology, Inc. (OTCBB: EVTN) announced today that it has
received a purchase order from Uranium One, Inc. to supply a
Voraxial Organic Recovery System for the Honeymoon Uranium Project.
Uranium One is among the top 10 Uranium producers in the world.
Uranium One is developing the Honeymoon Uranium Project. The
Honeymoon Uranium Project, located in the uranium-producing state
of South Australia, is an advanced in situ recovery (ISR) project.
The benefits of ISR include 1) No movement of ore, overburden or
waste rock required, 2) No tailings, 3) Environmentally friendly,
4) Less time required for permitting and construction and 5) Low
operating and capital costs. Planned technical processes for
uranium extraction have been confirmed through the operation of a
demonstration plant and a field leach trial over an 18 month
period. Steady state production levels are expected to be 880,000
pounds U3O8 per year. The purchase order was received through
EVTN's relationship with Ausenco, one of the top companies listed
on the Australian Securities Exchange . The Ausenco Group is a
leading provider of engineering, project management and operation
solutions for the global resources and energy sectors. The
Voraxial ®1000 Separator will be installed to extract an oily,
aqueous solvent stream from the uranium extraction, process water.
EVTN's Voraxial ® Separator was selected based on its
important economic benefits. These advantages include a significant
reduction in energy, space and maintenance requirements. The
Voraxial ® Separator represents a major advance in fluid and
fluid/solid separation technology. Separation is a critical process
across many of the world's most important industries. This purchase
order represents another multi-billion dollar industry that can
benefit from the advantages of EVTN's Voraxial ® Separator.
The Voraxial is being used for various separation processes
including oil exploration and production, produced water, refinery,
mining, water treatment, among others. About Uranium One, Inc.:
Uranium One Inc. is a Canadian-based company with a primary listing
on the Toronto Stock Exchange and a secondary listing on the JSE
Limited (the Johannesburg stock exchange). The Company is one of
the world's largest publicly traded uranium producers with a
globally diversified portfolio of assets located in Kazakhstan, the
United States, South Africa and Australia. http://www.uranium1.com/
About Ausenco: Ausenco Group is one of the top companies listed on
the Australian Securities Exchange (ASX), the Ausenco group is a
leading provider of engineering, project management and operation
solutions for the global resources and energy sectors. The group
combines the expertise, experience and resources of five
significant global engineering and project management service
businesses. The Ausenco group of companies has delivered on some of
the most complex and challenging projects around the world, to a
broad global client base ranging from leading multi-nationals to
mid-level and junior resource companies. Headquartered in Brisbane
Australia, the group has around 2,200 people across 13 countries
around the world. http://www.ausenco.com/ About EVTN: Enviro
Voraxial Technology, Inc. (OTCBB "EVTN") is the Fort Lauderdale,
Florida based developer and manufacturer of the Voraxial ®
Separator, a mechanic separator that separates contaminants at high
volumes with less space, energy and weight than conventional
equipment. The Voraxial Separator benefits include: high
volume/small footprint, no pressure drop requirement, 2-way or
3-way separation, handles fluctuations in flow rate and oil
concentration without any adjustments, high "g" force and less
maintenance than conventional equipment. These benefits result in
significant cost savings to the customer, both acquisition and
operating cost. The separation market encompasses a series of
multi-billion dollar segments, spread globally across many
industries and applications. As the developer of this patented
separation technology, the economic implications for EVTN should be
significant. EVTN's Voraxial ® separation systems have
completed projects with many of the world's top industrial
companies, including ConocoPhillips, Cameco, Repsol, US Navy and
Transocean. EVTN was originally founded as a high precision
aerospace manufacturer that built the gyro platforms for the Hubble
space telescope as well as missile and satellite components. EVTN
re-invested its profits along with equity investors (that include
two European Intuitions) toward the development of the
Voraxial ® Separator. The Voraxial ® is now successfully
commercialized and is the exclusive focus of EVTN's business. EVTN
owns significant IP surrounding the Voraxial ®.
http://www.evtn.com/ 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. DATASOURCE: Enviro Voraxial Technology,
Inc. CONTACT: John A. DiBella, Enviro Voraxial Technology,
Inc.,+1-954-958-9968, jdibella@evtn.com Web Site:
http://www.evtn.com/
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