Lithium Exploration Group Announces Successful Demonstration Testing of Ultrasonic Generator
March 10 2014 - 8:45AM
Marketwired
Lithium Exploration Group Announces Successful Demonstration
Testing of Ultrasonic Generator
SCOTTSDALE, AZ--(Marketwired - Mar 10, 2014) - Lithium
Exploration Group Inc. (OTCQB: LEXG) announced today additional
successful testing of the Sonic Cavitation Ultrasonic Generator in
Houston, TX, this past Friday, March 7, 2014. The prior round of
successful testing was completed on February 12, 2013, in
Houston.
The Ultrasonic Generator was run for 3.5 hours without
mechanical or power related issues. Cavitation reaction was again
controlled, with increases in temperature from an initial 50°F,
quickly to 212°F (the temperature for changing the state of
liquid), and well beyond. "We were able to create 50 times the
amount of steam produced in our February testing, utilizing a
maximum of 38% of the generator motor's power, reaching a high of
only 23KW of energy," noted Dr. Victor Glotov, the inventor of the
technology, who personally led last week's testing.
"We are obviously thrilled at the continued successful testing.
In February, our friends at Sonic Cavitation proved the concept of
a controlled cavitation reaction in the United States, and we at
LEXG were directly involved in making that happen. With this latest
testing, we are informed that several major international players
in the oil & gas and water industries were present, wanting to
experience the technology first-hand," commented CEO Alex Walsh.
"We now look forward for bringing our first field-testing unit to
Canada in short order under our existing agreement for Unit
acquisition."
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 on its Western Canada
lithium assets, testing its Ultrasonic Generator Technology and the
acquisition of oil and gas related assets in Western Canada.
Lithium Exploration Group is a fully reporting company traded on
the OTCQB 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