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Enviro Voraxial Technology, Inc. (EVTN) is Top 10 Finalist for Global Oil Cleanup Challenge – in Play for $1M

|Includes: Enviro Technologies, Inc. (EVTN)

Enviro Voraxial Technology, Inc., a Florida-based cleantech company, today announced that its “Team Voraxial” has manufactured and shipped its high-volume Submersible Voraxial 8000 to OHMSETT (The National Oil Spill Response Research & Renewable Energy Test Facility) in Leonardo, NJ, to compete as a finalist in the $1.4 Million Wendy Schmidt Oil Cleanup X CHALLENGE. Enviro is a Top 10 finalist out of more than 350 international contenders; the company now advances to the final phase of the competition.

The company’s Submersible Voraxial 8000 Separator has the ability to process up to 7 million gallons of oil/water mixture per day. The system is a larger capacity version of the company’s Voraxial series, offering the same performance advantages of the patented Voraxial technology, enhanced with high-volume processing capacity. The Submersible Voraxial 8000 can operate at various ocean depths, allowing for the treatment of both surface and ocean-floor oil spills.

Showcasing the Submersible Voraxial 8000 in action, as a finalist in the competition, represents a tremendous opportunity to generate recognition for the company.

To win the $1 million grand purse, Enviro must demonstrate superior ability to recover oil on the sea-water surface at the highest oil recovery rate (ORR) above 2,500 gallons per minute with an oil efficiency (ORE) of greater than 70 percent. Second place is awarded $300,000 and third place will win $100,000.

Most importantly, Shell said it will work with the X PRIZE Foundation to promote, utilize and bring the winning technologies to market.

“We are beyond excited to demonstrate to the world the Submersible Voraxial 8000 in action,” Laura Di Bella, vice president of Enviro’s marketing and investor relations stated in the press release. “This is undoubtedly a great accomplishment for us and a major advance in the ability to contain and clean major oil spills. We have high hopes for our performance in the finals of this competition.”

The X CHALLENGE was developed by the X PRIZE Foundation, the leading nonprofit organization solving the global challenges by creating and managing large-scale, global initiatives competitions. The expectation of the challenge is to inspire entrepreneurs, engineers and scientists worldwide to develop innovative, rapidly deployable and highly efficient methods of capturing crude oil from the ocean surface.

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