Rival Technologies Inc. Announces Positive Test Results for TRU Oil Sand Technology.LAS VEGAS -- Rival Technologies Inc., (OTCBB OTCBB
See OTC Bulletin Board (OTCBB). :RVTI) reports its oil and gas subsidiary, TRU TRU True
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TRU Transformer Rectifier Unit Oiltech Inc. has obtained positive results from tests performed at the Alberta Research Council Alberta Research Council (ARC) is an Alberta government funded applied research and development (R&D) corporation. Overview
As a result of initiative on the part of Henry Marshall Tory ARC was established in 1921 (as the Alberta Council of Scientific and (ARC). Tests have proven a decrease in sulfur content of 67 percent and a reduction in total acid number of 88 percent using the TRU process.
TRU Oiltech continues to evaluate the process parameters and expects to achieve its target of lighter, low sulfur, low acid product from heavy crude oil Heavy crude oil or Extra Heavy oil is any type of crude oil which does not flow easily. It is a relative term, compared to light crude oil, but relates to specific technical issues of its own on production, transportation, and refining. and oil sand bitumen bitumen (bĭty`mən) a generic term referring to flammable, brown or black mixtures of tarlike hydrocarbons, derived naturally or by distillation from petroleum. . TRU Oiltech is planning further tests at ARC, and expects a provisional patent filing by the end of March.
"These are excellent results and lead me to believe that our TRU process will become an important upgrading technology for heavy oil and oil sand bitumen producers," said Sandy Constable, President of TRU Oiltech Inc.
On behalf of the Board of Directors
Robin J. Harvey, President
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Rival Technologies Inc. (OTC Bulletin Board OTC Bulletin Board
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