CENTENNIAL, COLORADO -- (Marketwired) -- 07/10/15 -- Blue Water Petroleum Corp. (BWPC) would like to announce that it has finalized the initial design to operate its patented mobile microwave system in the USA, which is used for the remediation and upgrading of crude oil sludge. The mobile unit can remediate 1,000-2,000 barrels of waste oil on a daily basis and typically produces a minimum 50% "clean" saleable product all the while providing safe disposal of the effluents.
BWPC's microwave treatment liquefies, separates and upgrades crude oil sludges and creates a marketable product while substantially reducing hazardous environmental waste. A full description of the technology can be found on a Form 8K filed with the SEC, at www.sec.gov on June 24, 2015.
BWPC was founded in 2009 and is based in Centennial, Colorado and focuses on innovative oilfield technologies that add value to crude oil, and on the acquisition, exploration and development of oil and gas properties. BWPC's joint venture partner, VEP, is based in Limassol, Cyprus and develops microwave applications and other technologies for the oil industry.
Forward-Looking Statements
Statements in this press release that are not strictly historical in nature are forward-looking statements. These statements are only predictions based on current information and expectations and involve a number of risks and uncertainties. Forward-looking statements in this release include that we are about to manufacture our products, we can compete in the energy storage business, and our products will provide an energy storage solution to industry. The Company's products involve detailed proprietary and engineering knowledge and specific customer adoption criteria, hence factors that could cause actual results to be materially different include that we may be unsuccessful in raising any additional capital needs that may arise; we may not have sufficient capital to develop, produce and deliver orders; orders that are placed may be cancelled; product may not perform as well as expected; markets may not develop as quickly as anticipated or at all; or that the productive capacity of the company may not be large enough to handle market demand. Further, we are reliant on certain key employees who may leave the Company and we may be unable to protect or defend our intellectual property. Investors are cautioned against placing undue reliance on forward-looking statements. Refer to all public filings and risk factors included in the 8-K, 10-Q and 10-K as filed with the SEC.
Contacts:
Blue Water Petroleum Corp.
Tom Hynes
CEO
1-303-930-2218
ir@bwpet.com
www.bwpet.com
