Tetra Technologies, Inc. Acquires Exclusive License for Mass Transfer Technology.THE WOODLANDS, Texas--(BUSINESS WIRE)--July 6, 1998--TETRA Technologies, Inc ("TETRA tetra: see characin.
Any of numerous attractively coloured freshwater South American and African fishes (family Characidae), often kept in home aquariums. Tetras are small, lively, hardy, and unaggressive. " or the "Company") (NYSE-TTI) today announced that it has acquired an exclusive license (in certain applications) for a mass transfer technology patented by RevTech Industries, Inc, Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation).
Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the . The license exclusivity relates to use in manufacturing bromine bromine (brō`mēn, –mĭn) [Gr.,=stench], volatile, liquid chemical element; symbol Br; at. no. 35; at. wt. 79.904; m.p. –7.2°C;; b.p. 58.78°C;; sp. gr. of liquid 3.12 at 20°C;; density of vapor 7. and in the manufacture or reclamation of drilling, workover and completion fluids for oil and gas industry use from brine brine
a salt solution used in the curing of meat. Standard ingredients are sodium chloride (15 to 30%) and sodium nitrate (0.15 to 1.50%) but many other ingredients may be added for special effects.
see artemia. fluids. This exclusive license was granted for worldwide applications.
Allen T. McInnes, chief executive officer, stated, "This high-rate and high-efficiency technology could substantially reduce costs in our completion fluids and PayZone(R) Drill-In Fluids areas. Additionally, this technology could help optimize the production of bromine from our Magnolia, Arkansas This page is under construction.
This article or section is currently in the middle of an expansion or major revamping. However, you are welcome to assist in its construction by editing it as well. assets, or from any known commercial bromine source. We would hope to incorporate this technology into our development plans for Magnolia Magnolia, city, United States
Magnolia (măgnō`lyə), city (1990 pop. 11,151), seat of Columbia co., SW Ark.; inc. 1855. Its oil industry has been important since 1938. or other bromine production areas around the world. TETRA anticipates that it will immediately begin to evaluate the best commercial use of the RevTech technology and the associated equipment, known as Revex(TM) Tube Assembly Units."
TETRA is a specialty inorganic chemical company selling products, process technologies and services to targeted industries, especially oil and gas, agriculture and the environmental market.
This press release includes certain statements that are deemed to be forward-looking statements forward-looking statement
A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . These statements are based on certain assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Investors are cautioned that any such statements are not guarantees of future performances and that actual results or developments may differ materially from those projected in the forward-looking statements. Some of the factors that could affect actual results are described in the section titled "Business Risks" contained in the Company's Annual Report on Form 10-K Form 10-K
A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.
See 10-K. for the year ended December 31, 1997.
CONTACT: TETRA Technologies, Inc., The Woodlands
Geoffrey M. Hertel, 281/367-1983