Lithium Exploration Group to
Begin Customer Acquisition Efforts Next Month for Distribution of
SonCav Technology
Tempe, AZ July 23, 2017 - InvestorsHub NewsWire --
Lithium Exploration Group Inc. (USOTC: LEXG) announced
today that it will begin initiating discussions with
potential Canadian customers who have inquired about the
SonCav Technology. The company has also invested in an
oil and gas industry database to identify all storage tank
facilities and pipeline operators in Western Canada.
These companies will be the first targets for
distribution in Canada because their requirement to heat and
circulate oil are directly in line with the extensive
testing that was completed earlier this year. The
company has enough performance data from the demonstration testing
to customize a presentation on output to each prospective
customer and intends to use the field unit at the White
Top Field in Q4 to be the final sales tool to show exactly how the
unit can function in person.
We are confident now with initiating these sales calls because
for some of these large midstream companies the sales cycle can be
quite long. By the time we present the technology to the
decision makers the unit in Louisiana should be ready to deploy so
we need to start discussions now, commented CEO Alex Walsh.
From our research and discussions with experts throughout the
industry these companies are at the highest levels and best suited
for the technology today because they dont have their own supply of
natural gas and have a high need to keep their feedstock at a very
specific heat. The SonCav Technology can dial in a specific
heat and flow rate as desired and uses electrical power to run the
motor without the need for natural gas combustion. This
solution will also be looked at favorably by the Alberta and
British Colombia environmental regulators who are cracking down
harder every year on emissions from operations in the oil and gas
industry. Our focus today is to build a list of interested
customers who will become a future revenue stream as SonCav ramps
up their manufacturing capabilities.
About Lithium Exploration Group
Lithium Exploration Group is a US-based exploration and
development company focused on the acquisition and development
potential of lithium brines and other precious metals that
demonstrate high probability for near-term production. Currently
the company is focused testing the Sonic Cavitation Ltd.
technology and the acquisition of oil and gas related assets
in the US and Canada. Lithium Exploration Group is traded on the
OTC Markets under the symbol LEXG.
Website: www.lithiumexplorationgroup.com.
Safe Harbor Statement
This news release contains "forward-looking statements".
Statements in this press release that are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future
testing of the ultrasonic technology.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
mineral exploration and difficulties associated with obtaining
financing on acceptable terms. We are not in control of lithium
prices and these could vary to make development uneconomic. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking
statements.
Although we believe that the beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance that such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all
of the information set forth herein and should also refer to the
risk factors disclosure outlined in our most recent annual report
for our last fiscal year, our quarterly reports, and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission.
Contact Info
Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com