Lithium Exploration Group Points to Upside Potential of Technology Application
(firmenpresse) - SCOTTSDALE, AZ -- (Marketwired) -- 08/05/13 -- Lithium Exploration Group Inc. (OTCQB: LEXG) today outlined the advantages of the Ultrasonic Generator Technology currently in development for waste water treatment and oil upgrading applications.
Each unit is estimated to have the ability to treat up to 1,000 m3 (tons) of waste water from oil and gas production daily. The reaction is mechanically induced, therefore the process will be extremely efficient. The existing products on the market use natural gas combustion as the heating source.
The technology has mobile capabilities, allowing it to be applied at remote locations, which in turn reduces hauling costs for crude oil, "frac water," and produced water.
The ability to upgrade crude oil or treat waste water depending on the user's needs is a huge advantage over competing products on the market.
"We feel that by executing on efforts that we have already made to enter the disposal market, and by applying this groundbreaking technology, we should be able to not only compete with Secure, Tervita, and Newalta, but we should be able to outperform them. Quite simply, we will be able to provide a better product at a lower cost to consumers," commented CEO Alex Walsh.
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: .
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, including but not limited to the completion, testing, transportation, and final installation of the unit.
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.
Shanon Chilson
480-641-4790
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Datum: 05.08.2013 - 07:00 Uhr
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News-ID 1251642
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