PORTLAND, Ore., Feb. 23, 2015 /PRNewswire/ -- AUTRIS (OTCQB:
AUTR), is proud to announce that its wholly owned subsidiary,
NITROHEAT has designed an innovative dual action mega pressure
nitrogen solution for the fracking and secondary oil recovery
operations. The patent pending solution will be marketed under the
product name MaxFrack-N2.
The MaxFrack-N2-100 is a high-powered self-contained unit that
can be operated in remote sites producing high volume,
high-pressure nitrogen on demand. The system is capable of
producing 170,000 liters per hour of 99% pure nitrogen at pressures
up to 5000psi. The unit is supplied on a shipping container
platform and includes all equipment necessary to generate the high
quality nitrogen on demand making this a total stand-alone
solution.
NITROHEAT's patent pending technology will address both
environmental and logistical challenges of drilling operators. This
technology will improve productivity and efficiency as well as
being environmentally friendly.
Legislation as well as the availability of water has caused
numerous challenges for fracking operators. The MaxFrack-N2 from
NITROHEAT will allow operators to use Nitrogen as an alternative to
water thereby minimizing the environmental impact. In many shale
environments, Nitrogen assisted processes have proven to be more
effective with lower costs than water treatments.
AUTRIS CEO Derek Naidoo says,
"This ground breaking technology will elevate the level of the
current NITROHEAT business and expand from our automotive and
industrial sectors into the oil and gas segments. This opens up an
entirely new market with exponential revenue streams. Revenue
generation from the MaxFrack-N2 is expected to exceed $100M over the next 5 years."
About AUTRIS
AUTRIS is an OTC publicly traded company. We are a dedicated
automotive technology investment company with a current wholly
owned subsidiary NITROHEAT (www.nitroheat.com). The company is
strategically positioned for additional acquisitions in the
automotive and technology sectors. Our focus is to continue the
development and growth of NITROHEAT whilst exploring additional
opportunities related to nitrogen generator and compressed gas
technologies.
About NITROHEAT
NITROHEAT is a wholly owned subsidiary of AUTRIS. NITROHEAT is a
manufacturer and distributor of innovative high performance air
filtration, heating and nitrogen generation equipment.
The statements contained herein may include statements of future
expectations and other forward-looking statements that are based on
management's current views and assumptions and involve known and
unknown risks and uncertainties that could cause actual results,
performance or events to differ materially from those expressed or
implied in such statements. In addition to statements which are
forward-looking by reason of context, the words "may", "will",
"should", "expects", "plans", "intends", "anticipates", "believes",
"estimates", "predicts", "potential", or "continue" and similar
expressions identify forward-looking statements.
Actual results, performance or events may differ materially from
those in such statements due to, without limitation, (i) general
economic conditions, including in particular economic conditions in
the AUTRIS core business and core markets, (ii) performance of
financial markets, including emerging markets, and including market
volatility, liquidity. Many of these factors may be more likely to
occur, or more pronounced, as a result of terrorist activities and
their consequences.
The matters discussed herein may also be affected by risks and
uncertainties described from time to time in AUTRIS filings with
the U.S. Securities and Exchange Commission. The company assumes no
obligation to update any forward-looking statement
Submitted by AUTRIS
Contact Info:
Derek Naidoo
President and CEO
Tel: 1-(800)-931-3472
Fax: 1-(866)-437-1405
info@autris.net
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SOURCE AUTRIS