Further Strengthens Proprietary Technology Protection
LAS VEGAS, NV / ACCESSWIRE / March 2, 2021 / Vivakor, Inc. (OTC PINK:VIVK) (the "Company" or "Vivakor"), a socially responsible operator, acquirer and developer of clean energy technologies and environmental solutions, primarily focused on soil remediation, is pleased to announce that the U.S. Patent & Trademark Office has granted Vivakor a second patent, providing key protection to its Remediation Processing Centers (RPCs).
This milestone is an important achievement for Vivakor, because it helps protect the Company's technology has been proven to separate oil from contaminated soil material at its RPC, currently deployed in Kuwait and in Utah. This involves the process of extracting the hydrocarbons from waste that leaves the hydrocarbons intact for reuse.
The RPC has successfully separated soil material that contains more than 20% oil at a rate of 20 tons per hour while maintaining all of the organics within the soil, so it is fully usable and the hydrocarbons intact so they can be made into reclaimed fuels and asphalt. The Company has plans of deploying multiple RPC's over the next year in multiple locations worldwide in furtherance of the Company's mission to utilize clean technology to turn waste material into a valuable fuel or other useful product.
Vivakor Chief Executive Officer, Matt Nicosia, commented, "We are extremely proud to have received our second patent related to our remediation technology. This gives further protection to our proprietary technology, which we believe to be the only system that can clean soil having greater than 7% hydrocarbon contamination, while leaving both the soil and the hydrocarbons intact for recycling and reuse."
About Vivakor, Inc.
Vivakor, Inc. (OTC: VIVK), a clean energy technology and asset acquisition company with a focus in the area of natural resources. Vivakor's corporate mission is to create, acquire and accumulate distinct assets, intellectual properties, and exceptional technologies that produce solid returns to its valued shareholders and partners. The Company currently focuses on bitumen (heavy crude) extraction from shallow, oil-laden areas in Eastern Utah, along with petroleum-based remediation projects across the globe. The technologies utilized are low-cost, proprietary and proving themselves industry disruptive when measured by a number of important factors. The general business model has been to be an acquisition hub, focused on building and acquiring cash-flowing assets in discrete areas that have an acknowledged technological advantage and enable a substantial market opportunity within significant target markets across the globe. Our research, and the technology we acquire are anchored by our relationships with synergistic partners and product-specific commercialization strategies. From the point of product or technology conception, or through acquisition, development and commercialization, we expect to have strategic partners, joint ventures or licensing arrangements in place for many of our products in order to sustain revenue attainment.
For more information, please visit our website: http://vivakor.com
This news release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including economic slowdown affecting companies, our ability to successfully develop products, rapid change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Vivakor's filings with the Securities and Exchange Commission, which factors may be incorporated herein by reference. Forward-looking statements may be identified but not limited by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential," or "continue" and variations or similar expressions. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
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