In February and March of 2014, Lithium Exploration Group (OTCQB: LEXG) and the team from Sonic Cavitation successfully tested the Ultrasonic Generator with fresh water, reaching temperatures in excess of 275 degrees Fahrenheit. The unit was run for five hours at each testing interval to gather data on the performance of the unit, and to ensure there were no mechanical or power-related issues. With fresh water testing completed, Sonic Cavitation has been working with their manufacturing partner over the past few months to design the appropriate discharge vessel to field test the unit with oilfield waste water and frac water. This partner is a global industrial equipment manufacturer, with the ability to mass-produce as required. Field testing for frac water is expected to take place this summer in Texas, concurrent with the delivery of the oil upgrading unit to be tested at LEXG's Wardlow facility.
"The results of the testing this spring were fantastic. We were able to to see, touch, and feel the technology in action and know exactly how and at what rpm levels the generator operates most efficiently," commented CEO Alex Walsh. "Now we need to field test for water purification and oil upgrading, and have third party reports produced on the results. We're excited about the prospect of mass production and scale; and that this technology will not need millions of dollars and years of R&D to produce meaningful revenue and upside. Technologies that impact the oil and gas space are 'hot' right now, and we are on the cutting edge."
About Lithium Exploration Group
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: www.lithiumexplorationgroup.com.
Safe Harbor Statement
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 testing of the ultrasonic technology.
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.
SOURCE: Lithium Exploration Group, Inc.