Planet Resource Recovery, Inc. Develops New PetroLuxus(TM) Derivative Product for Water -- AquaLuxus
May 03 2012 - 8:00AM
Marketwired
Planet Resource Recovery, Inc. (PINKSHEETS: PRRY) is pleased to
announce the Company has developed a new product for the water
industry derived from the PetroLuxus™ Technology Platform. The new
product, AquaLuxus, is designed to remove heavy metals and
contaminants from water so that industry may reuse the less
contaminated water or render less toxic water for disposal, this is
particularly important in the treatment of flowback and produced
water. AquaLuxus is an Environmentally-friendly product.
Due to a rising demand from customers in the Oil & Gas
industry requesting a solution to address their contaminated water
requirements associated with their operations, Planet embarked on
the new product development.
Under the guidance of our research staff, the Company developed
AquaLuxus from the PetroLuxus Technology Platform utilizing similar
chemistry that allows PetroLuxus products to interact and release
hydrocarbons, AquaLuxus dislodges contaminants and sequesters heavy
metal compounds, while still retaining the Environmentally-friendly
components.
The Company has developed various formulations of AquaLuxus at
our research facility. AquaLuxus is currently undergoing field
testing and studies in several states.
The Company has filed an application with the US Patent Office
for Trademark protection for AquaLuxus.
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 and
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.
281-213-5266 Email Contact
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