Next Fuel, Inc. (OTCQX: NXFI), which develops and commercializes "clean" energy and related environmental technologies, announced today that they have hired an independent professional engineering firm and have engaged IKOR Industries, Inc., an international filter manufacturer, as the company moves closer to commercializing its Low-Energy Pervaporation (LPV) water treatment technology. Positive results from recently completed bench tests conducted at the University of Wyoming have expedited the construction of the first large-scale prototype which the Company believes will be completed this month. The next step will be field tests this summer..
“The LPV Technology brings an opportunity to expand our energy related technology to clean up water used in oil and natural gas production, including Frac drilling,” stated Chief Executive Officer and Chairman, Robert Craig. “We believe this technology will allow us to treat water that contains the most challenging, high salt- and total dissolved solids used or produced in U. S. oil & gas operations. This new technology could provide the oil and gas industry with a new cost-effective method for treating this type of waste water and dealing with environmental restrictions on their operations”, Mr. Craig concluded.
About Next Fuel, Inc.
Next Fuel, Inc. develops and commercializes innovative energy technologies, including unconventional natural gas production from lower-grade coal, lignite, oil shale and other carbonaceous deposits. The Company is currently in the process of commercializing its Coal-to-Gas (CTG) technology with strategic international partners.
IN addition to the LPV technology the Company has also acquired, or is developing, advanced technologies associated with processes for carbon dioxide conversion and carbon loop closure, and biological fuel cells. In collaboration with leading research institutes, Next Fuel, Inc. is focused upon the identification, development and/or acquisition of a portfolio of growth opportunities with compelling market potential that are consistent with clean energy and environmental stewardship.
Forward-Looking Statements
This announcement contains forward-looking statements, including statements regarding the timing of future products, future tests and future business to be conducted by the Company, all of which involve risks and uncertainties. Actual results could differ materially from those discussed. Factors that could cause or contribute to such differences include, but are not limited to, the ability of the Company and its collaborating partners to successfully develop and commercialize new technologies, the results of CTG field tests, receptiveness of the market to the Company's technologies and services, regulatory standards, and other factors discussed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements are based on information available to the Company as of the date of this news release, and the Company assumes no obligation to update such statements.
For additional information, please contact:
Rob Kindle
Next Fuel, Inc.
(307) 674-2145
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