Tetra Technologies, Inc. Acquires Exclusive License for Mass Transfer Technology.
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 assets, or from any known commercial bromine source. We would hope to incorporate this technology into our development plans for Magnolia 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. 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 for the year ended December 31, 1997.
CONTACT: TETRA Technologies, Inc., The Woodlands
Geoffrey M. Hertel, 281/367-1983