AuraSource Inc. Enhances Intellectual Property Portfolio With New Chinese Patents
27 August 2013 - 11:33PM
Marketwired
AuraSource Inc. (OTCQB: ARAO) (OTCBB: ARAO), a developer of
hydrocarbon clean fuel and mineral beneficiation technology, today
announced that it was issued two new Chinese patents covering its
Centrifugal Separator (PCT/CN2011/071757) and Centrifugal Jig
(PCT/CN2011/071763). These patents were also issued under the
Patent Cooperation Treaty ("PCT") process, which provides a unified
procedure for filing patent applications to protect inventions
internationally.
"These two new patents significantly enhance AuraSource's
technology and intellectual portfolio, as management focuses on
commercialization," said AuraSource President and CEO Philip Liu.
"With the upcoming construction of a large-scale AuraCoal™
demonstration plant in Wuxi, China and commercialization efforts in
2H 2013, these patents on our Centrifugal Separator and Centrifugal
Jig were essential, since they are two critical components in the
beneficiation process for both our AuraCoal™ and AuraMetal™
technology platforms."
The Centrifugal Jig for mineral applications and the Centrifugal
Separator for liquid applications combines the principles of
conventional jigs and separators with centrifugal force in order to
extend the efficient size recovery of fine mineral and liquid
separation processes.
About AuraSource
AuraSource, Inc. is focused on the development and production of
environmentally friendly and cost effective industrial energy
sources and feedstock used for industrial applications. The
Company's core technology includes ultrafine grinding and
impurities removal processes, with initial applications in
ultra-fine coal water mixture for heavy oil substitution and
low-grade iron ore fine and slimes beneficiation.
AuraCoal™ is an ultra-low ash, coal-water-slurry mixture that
can be used in lieu of heavy oil in a 2:1 ratio and demonstrates
compelling economic and environmental benefits; AuraMetal™ improves
the grade of ore at a low cost with minimal pollution; and,
AuraFuel™ uses a proprietary low-temperature catalytic process to
recover oil from shale formations with energy self-sufficiency,
minimal water usage, and high oil yields.
For more information about AuraSource, please visit
www.aurasourceinc.com.
SAFE HARBOR STATEMENT
This Press Release may contain certain forward-looking
statements within the meaning of the Securities Litigation Reform
Act of 1995. AuraSource has tried, whenever possible, to identify
these forward-looking statements using words such as "anticipates,"
"believes," "estimates," "expects," "plans," "intends," "potential"
and similar expressions. These statements reflect AuraSource's
current beliefs and are based upon information currently available
to it. Accordingly, such forward-looking statements involve known
and unknown risks, uncertainties and other factors which could
cause AuraSource's actual results, performance or achievements to
differ materially from those expressed in or implied by such
statements. AuraSource undertakes no obligation to update or
provide advice in the event of any change, addition or alteration
to the information catered in this Press Release including such
forward-looking statements.
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