Mining Giant Hails Cost Savings With Prolong
July 04 2005 - 7:00AM
PR Newswire (US)
Mining Giant Hails Cost Savings With Prolong World's Largest
Underground Mine Expands Use of Prolong Grease IRVINE, Calif., July
4 /PRNewswire-FirstCall/ -- Prolong Super Lubricants, Inc.,
manufacturer and marketer of patented consumer automotive,
commercial/industrial and household products and a wholly owned
subsidiary of Prolong International Corporation (AMEX:PRL),
(http://www.prolong.com/), announced that the use of its Prolong
Multi-Purpose EP-2 Grease is being expanded in the Codelco copper
mine in El Teniente, Chile after operations management recorded
significant increases in equipment longevity and reduction in
servicing downtime. Super Lubricantes Ltda., Prolong's distributor
in Chile since the late 1990s and their associate distributor
Ingemer, initially introduced Prolong EP-2 Grease to the El
Teniente division of Codelco for use in their huge 10-ton loaders
that scoop up loosened earth. Management was looking for a solution
to the serious problem of inadequate lubrication of brass bearings
at the pivot points of the scoops which were failing at a high
rate, causing costly downtime and refurbishing. Since the
introduction of Prolong's lubrication technology, the bearings have
not been failing and intervals between maintenance work and
downtime have more than doubled. Success with the loader bearings
led the mine management to try Prolong Grease in other applications
with equally impressive results. During a recent visit to El
Teniente operations, both management and line operators
enthusiastically told Prolong's Vice President of Industrial Sales,
Tim Wagner and International Sales Manager, Jeff Victer that
Prolong EP-2 Grease is now being used for bearings in the massive
grinders, some 30 feet across, which are used to break down the
boulder-size ore for processing. These bearings were becoming so
heated they failed, bringing the grinders to a complete and
expensive halt, seriously backing up all mine operations. Prolong
Grease has radically lowered the bearing temperatures, keeping the
grinders operating efficiently and is also being used in the
hydraulic lube network and in stand-alone applications on timing
systems. Codelco, the Corporacion Nacional del Cobre de Chile, a
mining, industrial and commercial company owned by the Chilean
State, is the main copper producer in the world. Its El Teniente
division, located 80 kilometers south of Santiago and 2,500 meters
above sea level, operates the largest underground mine on earth,
producing 334,306 metric tons of copper a year. Codelco also has
three other mining divisions, Norte, Salavador and Andina, all
located in Northern and Central Chile. "It is extremely satisfying
to be able to demonstrate such significant savings in an operation
of this scale, magnitude and technological level," stated Jeff
Victer. We know that there are many more applications for our
grease, hydraulic fluid and gear treatments to help Codelco's
efficiency and profitability." Mining operations were among the
original industrial applications for Prolong starting more than a
decade ago, and Prolong lubrication products with patented AFMT(TM)
(Anti-Friction Metal Treatment) continue to be used in South
Africa's mines and other major mining concerns around the world.
Through Super Lubricantes Ltda., Prolong is aggressively expanding
its Chilean business in both the retail and industrial sectors, a
strong part of the company's long-term strategy for the Latin
American market. Prolong also currently has distribution partners
in Canada, China, Czech Republic, Guatemala, Germany, Hong Kong,
Hungary, Iceland, Italy, Japan, Malaysia, Mexico, The Philippines,
Puerto Rico, South Africa, and the United Kingdom and is actively
seeking well established international trading partners. Prolong
Super Lubricants, Inc. is an operating subsidiary of Prolong
International Corporation. Prolong International Corporation
(AMEX:PRL), a consumer products holding company headquartered in
Irvine, California, through its operating subsidiaries,
manufactures, markets and distributes a complete line of patented
lubricant and proprietary automotive, commercial/industrial and
household products. The company's products are marketed and sold
under the brand name Prolong Super Lubricants(R) and are used in
automotive, industrial and consumer applications. More information
about Prolong International and its products can be obtained at
http://www.prolong.com/. Forward-Looking Statements Certain
statements in this news release that relate to financial results,
projections, future plans, events, or performance, are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended and Section 21E of the
Securities Exchange Act of 1934, as amended and involve significant
risks and uncertainties, including, but not limited to, the
following: competition, cost of components, product performance and
market acceptance of new products. The words "estimate," "project,"
"potential," "intended," "expect," "anticipate," "believe" and
similar expressions or words are intended to identify
forward-looking statements. The Company's actual results could
differ materially from those anticipated in such forward-looking
statements as a result of a number of factors and conditions. These
risks and uncertainties, and certain other related factors, are
discussed in the Company's Form 10-K, Form 10-Q and other filings
with the Securities and Exchange Commission. In light of the
significant uncertainties inherent in the forward-looking
information included herein, the inclusion of such information
should not be regarded as a representation by the Company or any
other person that the Company's objectives or plans will be
achieved. These forward-looking statements are made as of the date
of this release and the Company assumes no obligation to update
such forward-looking statements. CONTACT: Prolong International
Corporation Thomas C. Billstein, Investor Relations, 949-587-2700
DATASOURCE: Prolong Super Lubricants, Inc. CONTACT: Thomas C.
Billstein, Investor Relations of Prolong International Corporation,
+1-949-587-2700 Web site: http://www.prolong.com/
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