Strategic Environmental & Energy Resources, Inc. Announces Issuance of a Second Patent Protecting Its V3RU(TM) Oil Field Vapo...
19 Maggio 2014 - 3:48PM
Marketwired
Strategic Environmental & Energy Resources, Inc. Announces
Issuance of a Second Patent Protecting Its V3RU(TM) Oil Field Vapor
Recovery Unit
GOLDEN, CO--(Marketwired - May 19, 2014) - Strategic
Environmental & Energy Resources, Inc. (SEER) (PINKSHEETS:
SENR), a provider of next-generation clean technologies, renewable
fuel and waste management innovations, today announced its MV
Technologies ("MV") subsidiary was just awarded an additional
patent affording significantly expanded coverage for its innovative
V3RU™ (vapor recovery) technology, designed to minimize methane and
other greenhouse gas emissions from oil and gas field
operations. The initial patent was issued June, 2012.
"The V3RU™ was specifically engineered to improve emissions of
methane and other volatile organic compounds (VOC) from lower
producing well sites," said Dr. Michael Readey, Executive Vice
President of SEER. "These smaller wells are economically
viable but cannot justify the more expensive and complex emission
technologies found at larger operations. Our patented system
is uniquely scalable and cost effective for these smaller
wells. It is simple to operate, maintenance free and requires
no electricity, making it an ideal solution for the thousands of
wells in remote locations throughout the country."
"In recent field trials with one of the largest oil and gas
producers here in Colorado, our V3RU™ product has successfully
captured production tank greenhouse gas emissions under a wide
range of operating conditions," added Readey. "Based on these
positive results, we believe the V3RU™ is a very cost-effective
solution to the increasingly stringent regulations targeting oil
and gas operations. We plan to expand our efforts to include
additional field demonstrations with other potential customers and
formally launch the product in the second half of 2014."
"The issuance of a second patent represents much more than
broader coverage for our V3RU™," said J. John Combs III, CEO and
Chairman of SEER. "It represents a commitment and relentless
effort by the Company to further develop and protect a growing
portfolio of innovative and best-available environmental
technologies for multiple and diverse markets. The V3RU™ was one of
the primary reasons we acquired MV, and to see it evolve into what
may be one of the most cost-effective solutions addressing a large
and important segment of oil field emissions is indeed rewarding
for us all, as well as beneficial for the communities where our
customers operate. The timing of our rollout also seems to
coordinate nicely with industry needs as an increasing number of
oil and gas producers are collaborating with various states to
reduce fugitive emissions and improve air quality in the
fields."
About Strategic Environmental & Energy Resources, Inc.
Strategic Environmental & Energy Resources, Inc. (SEER)
identifies, secures, and commercializes patented and proprietary
environmental clean technologies in several multibillion dollar
sectors (including oil & gas, renewable fuels, and all types of
waste management, both solid and gaseous) for the purpose of either
destroying/minimizing hazardous waste streams more safely and at
lower cost than any competitive alternative, and/or processing the
waste for use as a renewable fuel for the benefit of the customers
and the environment. SEER has three wholly-owned operating
subsidiaries: REGS, LLC; Tactical Cleaning Company, LLC; MV
Technologies, LLC; and two majority-owned subsidiaries: Paragon
Waste Solutions, LLC; and ReaCH4biogas ("Reach").
For more information about the Company visit:
www.seer-corp.com
Safe Harbor Statement
This press release contains "forward-looking statements" within
the meaning of various provisions of the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995,
commonly identified by such terms as "believes," "looking ahead,"
"anticipates," "estimates," and other terms with similar
meaning. Although the company believes that the assumptions
upon which its forward-looking statements are based are reasonable,
it can give no assurance that these assumptions will prove to be
correct. Such forward-looking statements should not be construed as
fact. Statements in this press release regarding the cost
effectiveness, impact and ability of the Company's products to
handle the future needs of customers, and plans to conduct
additional field demonstrations and launch V3RU in the second half
of 2014 are forward-looking statements. The information
contained in such statements is beyond the ability of the Company
to control, and in many cases the Company cannot predict what
factors would cause results to differ materially from those
indicated in such statements. All forward-looking statements in the
press release are expressly qualified by these cautionary
statements and by reference to the underlying assumptions.
Contacts: J. John Combs III Chief Executive Officer 720-460-3522
Jay Pfeiffer Pfeiffer High Investor Relations, Inc. Email Contact
303-393-7044
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