We believe we are emerging as a potential leader in the rapidly growing environmental
and industrial separation industries. The Company has developed, patented and
manufactures the Voraxial® Separator, a proprietary technology that efficiently
separates large volumes of liquid/liquid, liquid/solids or liquid/liquid/solids
fluid mixtures with distinct specific gravities. Management believes this superior
separation quality is achieved in real-time, and in much greater volumes, with
a more compact, cost effective and energy efficient machine than any comparable
product on the market today. Management believes the Voraxial fills a void in
the market; specifically a real-time separation device that separates a large
volume of liquids with a small footprint and without the need of a pressure
drop. We believe the need for such a separation device overlaps many markets.
These benefits result in significant cost savings to the customer, both acquisition
and operating cost.
The Voraxial is capable of processing volumes as low as 3 gallons per minute
as well as volumes over 5,000 gallons per minute with only one moving part.
The Company believes that the Voraxial technology can help protect the environment
and its natural resources while simultaneously making numerous industries more
productive and cost effective.
The size and efficiency advantages provided by the Voraxial Separator to the
end-user have provided us with a variety of market opportunities. We believe
separation of contaminants from water is needed in virtually every industry,
either in the manufacturing or production side of the business or in purifying
the wastewater prior to discharge. Because of the advantages the Voraxial Separator
offers the end user, the Voraxial can be used in many different markets. This
allows the Company to pursue its core market, oil and gas exploration and production,
while responding and selling product to customers in other markets, including,
but not limited to, oil spill, mining, and municipal wastewater. The Company
is focusing its sales activity in the oil & gas exploration and production
market, which also includes the tar sands, Frac water, oil refineries and production
facilities, both offshore and onshore applications.
We have generated limited revenues to date partially due to the time required
to educate the market of our separation technology, partially because of insufficient
funds to adequately market our product; and the time needed to secure and complete
initial projects. However, with the dissemination of the data from our initial
projects, we believe demand and interest for the Voraxial continues to increase.
We are in various stages of negotiations with multiple customers interested
in our Voraxial Separators and Voraxial Separator Systems. While we cannot provide
any reasonable assurances, we believe a percentage of these negotiations will
ultimately be consummated. If we fail to consummate any of these transactions,
we may be required to scale back or cease operations, sell or liquidate our
assets and possibly seek bankruptcy protection.
We are receiving inquiries from customers in various industries. Even though
customers from various industries can utilize the Voraxial, we are currently
focused on developing market channels to penetrate the oil and gas exploration
and production market and more specifically, the produced water market.
We have completed multiple projects and trials to date with the Voraxial Separators
(both offshore platforms and onshore production facilities) including units
to PDVSA, Occidental, Transocean, Tetra Technologies, ConocoPhillips, GE, Sinopec,
and the US Navy.
