Enviro Technologies, Inc. provides environmental and industrial separation technology. The Company offers current and potential commercial applications such as oil exploration and production, oil spills, mining, sewage, manufacturing, waste-to-energy, and food processing industries. Enviro Technologies serves customers in the United States.
Average volume for EVTN is 17 thousand shares per day. Today’s press release has caused the volume to spike up to 213 thousand shares hitting a high of $0.07.
Enviro Technologies, Inc. Press Release:
FORT LAUDERDALE, Fla., Aug. 8, 2018 /PRNewswire/ — Enviro Technologies, Inc. (EVTN) announced today that it has begun transitioning its sales and marketing activities to markets outside of oil and gas, which includes but is not limited to industrial wastewater, sewage and mining. Additionally, EVTN announced that it is in the process of completing an estimated two million dollarorder from a $20 billion utility company for a wastewater system that will require multiple Voraxial Separator units. The wastewater system will be used to separate oil and solids from water prior to the water being discharged into the environment.
The Voraxial System will be used to process and separate oil and solids from a flow of about 120 gallons per minute. The System will include different technologies with the heart of the system being comprised of 2 Voraxial 2000 Separators working in parallel with a 3rd Voraxial being utilized to further dewater the reject lines from the System.
“We are pursuing water treatment opportunities for the Voraxial Separator outside of the oil and gas markets. Developing these other markets for the Voraxial Separator coupled with the potential unit sales from the oil and gas market we anticipate from the agreement we signed with Schlumberger can provide us with exciting growth potential,” stated John DiBella, CEO of EVTN.
About Enviro Technologies, Inc.: 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. 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 EVTN 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 EVTN as of such date. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including, without limitation, statements made with respect to expectations of our ability to generate revenues under the manufacturing agreement and license agreement and other risks and uncertainties, all as set forth in our Annual Report on Form 10-K for the year ended December 31, 2017, as filed with the Securities and Exchange Commission. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, many of which are generally outside the control of EVTN and are difficult to predict. EVTN undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.