HOUSTON, Sept. 1 /PRNewswire/ -- Planet Resource
Recovery, Inc. (Pink Sheets: PRRY) is pleased to announce that
the company has filed a new technology patent application for the
"Treatment of High Paraffin Content in Well Bores." The new
compound formulation is called PetroLuxus PE (Paraffin
Eliminator). The company's Patent Legal Counsel filed the
application with the U.S. Patent and Trademark Office on
August 25, 2010.
The company's latest technology was developed to address the
inherent challenges in the Oil & Gas Industry that restrict oil
production through the accumulation of paraffin wax and asphaltene
deposits. Paraffins and asphaltenes are present in most crude oils.
They precipitate from crude oil as the temperature changes and
falls from higher temperatures at the bottom of the well as the
crude oil is brought to the surface. The paraffin and asphaltene
deposit in the production string, restricting equipment and/or
blocking oil production.
Unlike products currently available, PetroLuxus PE is not
derived from petroleum-based sources. PetroLuxus PE is a
non-petroleum derivative of soybean oil. It is a non-toxic and
biodegradable compound that dissolves paraffin and asphaltene
deposits so that oil production equipment may operate at optimal
efficiency.
Planet Resource Recovery CEO, Kurt
Neubauer stated, "We anticipate PetroLuxus PE to be a
broadly accepted product in the oil patch. It was formulated to
solve a ubiquitous problem in the oil industry. In addition to a
standalone product, PetroLuxus PE can also be used as a complete
system for increased production in combination with PetroLuxus
WC-100. This system provides for a complete solution for clean,
efficient operational equipment. We look forward bringing this
product to market and establishing a new revenue stream for this
new technology."
About Planet Resource Recovery, Inc.
Planet Resource Recovery, Inc. is "Spearheading the Charge for
the Maximum Economic Recovery of our Planet's Resources through
New-Age Products and Technologies!" Technologies developed for and
marketed, is the processes and technologies based on scientific
research and understanding of silicon and siloxane sciences to
enhance the recovery of the planet's resources including metals,
minerals and hydrocarbons and to provide enhanced coatings
resistant to metal corrosion. The thrust is to create new
methodologies to optimize Oil & Gas production, maximize the
harvesting of base and precious metals, the remediation of toxic
heavy metal environmental contamination and the reduction or
elimination of corrosion of metal through the use of proprietary
with breakthrough technologies utilizing advanced science and
chemistry to increase efficiencies, reduce costs, protect the
environment and resources. The development of new chemical
compounds and related processes to maximize efficiencies in the Oil
& Gas Industry, Mining Industry, Environmental Cleanup Industry
and Corrosion Industry through environmentally-friendly,
cost-effective and profitable platforms that are considered
"disruptive technology" and will usher in new paradigm shifts in
industry.
Presently, the company is primarily focused on four distinct
markets: 1) Oil & Gas Industry, 2) Remediation of industry
toxic metals & byproducts, 3) Mining of base and precious
metals and 4) Metal Corrosion Industry. The company has developed
the proprietary compounds and is currently developing their related
processes that will result in new technologies and methodologies
for industry. 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.
SOURCE Planet Resource Recovery, Inc.
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