Schlumberger has purchased the intellectual property of Enviro Voraxial Technology, Inc.’s (EVTN) Voraxial Separator, including patents and trademarks related to the technology, for up to US$4 million.
The Voraxial Separator is an in-line turbo-separator that provides a cost effective method to efficiently separate large volumes of solids and liquids with different specific gravities and without the need of a pressure drop. The Voraxial provides highly efficient bulk separation while requiring less space, energy and weight than conventional separators processing the same volume.
The Voraxial is capable of simultaneously separating up to three components, such as oil, water and sand. It can be used as a stand-alone separator or incorporated with other equipment to provide a turnkey solution that allows customers to treat a variety of fluid streams, EVTN said.
Fort Lauderdale, Florida-based EVTN received a worldwide, royalty-free license to use the underlying patents to market, manufacture and sell the Voraxial Separator for all industries outside of the oil and gas market. EVTN also entered into a supply agreement for certain manufacturing rights.
"We believe this transaction could provide EVTN significant growth potential by expanding the unit sales into the oil and gas market while providing us the opportunity to pursue other markets that can utilize the Voraxial Separator such as mining, sewage and wastewater management," John DiBella, chief executive officer of EVTN, said in a statement.