Planet Resource Recovery, Inc. Issues PetroLuxus(TM) Commercialization Update
11 Agosto 2011 - 3:00PM
Marketwired
Planet Resource Recovery, Inc. (PINKSHEETS: PRRY) is pleased to
issue an update on advancements in the commercialization of
PetroLuxus™ to the Oil & Gas industry and the Environmental
Remediation sector. Over the past few months, the Company has
realized significant advances in its scientific research, increased
its production capacity and launched marketing initiatives to bring
PetroLuxus to the market.
Research Initiatives As the Oil & Gas
industry faces increasing scrutiny of the potential toxic chemicals
currently being used in the production of oil and gas, the Company
launched an expanded research initative to firmly establish why
PetroLuxus works in an environmentally-friendly manner.
Under the direction of Hal Potts, PhD, all previous 3rd party
tests, internal studies and documented pilot studies conducted were
evaluated. The primary mechanisms that make PetroLuxus effective in
the reduction of downtime, reduced maintenance costs and improved
production in oil wells in an environmentally friendly manner were
identified.
- Weak Hydrogen Bonding - PetroLuxus breaks the weak hydrogen
bond that attaches hydrocarbons to mineral surfaces by breaking the
interfacial tension
- Surface alteration - PetroLuxus forms a molecular coating on
mineral and metal surfaces thus protecting the metal surfaces in
equipment and providing a slick surface on minerals.
- Corrosive Inhibitor - PetroLuxus converts extremely corrosive
and deadly H2S (Hydrogen Sulfide) into a friendlier sodium sulfide
that significantly reduces corrosion in equipment.
- Environmentally-friendly - PetroLuxus is an inorganic compound
and thus contains no organic compounds, toxic metals, or their
salts. The environmental component of PetroLuxus is silica, the
same material as found in beach sand. The chemistry of PetroLuxus
poses no threat of persistence in the environment, no
bio-concentration, nor toxicity when used at the recommended
concentrations.
The Company will issue subsequent updates that will elaborate on
these primary mechanisms of PetroLuxus.
It is these characteristics, which leads the Company to believe
that PetroLuxus can be an environmentally-friendly solution to the
currently deployed chemicals in the Oil & Gas Industry.
Production Capacity The Company has
successfully brought its new proprietary manufacturing unit online
to make PetroLuxus. This new unit increases production capacity by
approximately 225% on a daily basis over the original pilot
manufacturing units. The Company will construct additional
manufacturing units as demand for PetroLuxus increases.
PetroLuxus Marketing Initiatives Numerous
marketing initiatives have been launched to bring PetroLuxus to the
Oil & Gas market. We continue our out-reach program to
individual operators, production companies and Oil well service
companies. We are aggressively pursuing potential candidates to
establish our network of Manufacturer's Representatives,
Distributors and Alliance Partners. At present we are in
negotiations with numerous potential Manufacturer's Reps and
Distributors to commence market penetration of PetroLuxus through
their key contacts and current customers.
The Company has additionally enlisted the services of ONLINE
MARKETING RESOURCE GROUP, an online advertising agency and
marketing/PR Firm focused on email, internet and online blog
marketing.
Enrique M. Salinas III, President and CEO, stated, "We are very
pleased with these accomplishments. As we refocus the majority of
our energies on PetroLuxus, these advancements are streamlining our
operations for the broad-scale commercialization of our flagship
product and continued revenue growth."
About Planet Resource Recovery, Inc.
Planet Resource Recovery, Inc. is the developer, manufacturer and
marketer of PetroLuxus™, a Green Technology that maximizes
hydrocarbon recovery in the Oil & Gas industry. Documented well
history case studies indicate deployment of PetroLuxus technologies
has helped Oil & Gas Operators reduce maintenance costs,
decrease downtime and increase oil recovery. For more information
visit: www.planetresource.net.
Safe Harbor Statement
Under The Private Securities Litigation Reform Act of 1995: The
statements in this presentation that relate to the Company's
expectations with regard to the future impact on the Company's
results from new products in development are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. The results anticipated by any or all of these
forward-looking statements may not occur. Additional risks and
uncertainties are set forth in the Company's Annual Report for the
year ended December 31, 2009, the Company's Quarterly Report for
the First quarter ended March 31, 2010. The Company undertakes no
obligation to publicly release the result of any revisions to these
forward-looking statements that may be made to reflect events or
circumstances after the date hereof, or to reflect the occurrence
of unanticipated events or changes in the Company's plans or
expectations.
Contact: Planet Resource Recovery, Inc.
281-213-5622 Email Contact
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