TSX Venture Exchange Symbol: SNV
CALGARY,
April 8, 2014 /CNW/ - Sonoro Energy
Ltd. ("Sonoro" or the "Company") (TSX-V: SNV) is pleased to
announce that as a result of its continued process development and
optimization of its sonic reactor technology, the Company has been
awarded patents in Canada and
South Africa for its SonoAsh fly
ash upgrading technology (the "SonoAsh Technology") through its
wholly-owned subsidiary, SonoAsh LLC ("SonoAsh"). Patent
applications for the SonoAsh Technology are also pending approval
in the U.S., Europe, Russia, South
Korea and Taiwan, where
further review is ongoing, and the Company anticipates positive
outcomes in these jurisdictions.
The SonoAsh Technology is applied to low value
waste fly ash sources, removing undesirable components such as
mercury, carbon and ammonia and significantly reducing the average
particle size. The SonoAsh Technology allows SonoAsh to produce a
final high value fly ash product as a Portland cement replacement in concrete
manufacturing without compromising competitive concrete performance
properties. These performance claims have been confirmed by
third-party analysis using a global cement producer.
The Company has tested and optimized the SonoAsh
Technology on various Class F fly ash sources ranging from 4-12%
carbon and 100-250 parts per billion ("ppb") mercury and this
technology has consistently produced an upgraded high value fly ash
product with <1% carbon and below detection levels of mercury
(<20ppb).
While the Company's main focus remains bitumen
resource development, its dedicated technology team has developed
additional intellectual property and patents utilizing its current
sonic reactor technology platform (the "Sonic Reactor Technology")
which excludes any technologies related to solvent de-asphalting of
heavy oil. The Company believes it will obtain value from these
applications and is currently undertaking and pursuing projects and
partnerships to accomplish this. The Company is engaging with
select companies on various applications utilizing the Sonic
Reactor Technology for paid industrial pilot testing with a view
towards commercial rollout. The Company is excited about the
recent developments with the Sonic Reactor Technology and the new
applications and testing programs underway.
About Sonoro
Sonoro is an international unconventional
resource exploration and development company. Our current
focus is a pure play on bitumen/asphalt resource exploration and
development in Iraq. Sonoro
continues the evaluation of resource opportunities in Iraq and under our asphalt license agreement
in the Salah ad Din Province while we pursue final Federal
approvals.
Forward-Looking Information
Certain statements in this news release may
constitute "forward-looking information" ("forward-looking
statements") within the meaning of applicable Canadian securities
laws. Forward-looking statements are often, but not always,
identified by the use of words such as "anticipate", "estimate",
"potential", "could", "ongoing", "prospective", "expected",
"believes", "towards" and similar words suggesting future outcomes.
Specific forward-looking statements in this press release include
but are not limited to comments related to the likelihood of
obtaining patent application approvals for the SonoAsh Technology
in certain jurisdictions and the anticipated value of certain
applications that utilize the Sonic Reactor Technology. By their
nature, forward-looking statements are based on current
expectations regarding future events that involve a number of
assumptions, known and unknown risks, and uncertainties. Actual
results, performance or achievements of Sonoro, or the industry,
may vary materially from what is expressed or implied by such
forward-looking statements.
These forward-looking statements are not
guarantees of our future performance and are subject to risks,
uncertainties and other important factors that could cause our
actual performance to be materially different from what we project.
These risks and uncertainties include, but are not limited to: (1)
risks associated with obtaining, maintaining and the timing of
receipt of regulatory approvals, permits, and licenses; (2)
uncertainties related to financing of Sonoro's research and
development activities, commercialization activities, and continued
operations through access to capital markets; (3) the risk of
volatile global economic conditions; (4) continued political
stability; (5) continued support from the local communities, (6)
operational risks in development, exploration and production delays
or changes in plans with respect to exploration or development
projects or capital expenditures; (7) the uncertainty of resource
estimates, geological interpretations, estimates and projections in
relation to production, costs and expenses, and health, safety and
environmental risks; (8) the continued ability to obtain qualified
staff and equipment in a timely and cost efficient manner; (9) the
risk of commodity price and foreign exchange rate fluctuations;
(10) risks associated with the implementation of new technology;
and (11) ability to develop, commercialize and market applications
using its intellectual property.
Given these uncertainties, you should not rely
on forward-looking statements. These forward-looking statements
also represent our estimates and assumptions only as of the date
that they initially were made. We expressly disclaim a duty to
provide updates to any forward-looking statements, and the
estimates and assumptions associated with them, to reflect events
or circumstances or changes in expectations or the occurrence of
anticipated events after the date they initially were made, except
and to the extent required by applicable law.
Neither the TSX Venture Exchange nor its Regulation
Service Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Sonoro Energy Ltd.
