GOLDEN, Colo. – Strategic Environmental & Energy Resources, Inc. (SEER) (OTC: SENR), a provider of next-generation clean technologies, renewable fuel and waste management innovations, today announced that a large and leading independent oil and gas producer has given the Company’s MV Technologies subsidiary an order for four Mobile V3RU™ systems. The patented and proprietary systems are designed to control venting of methane emissions and other volatile compounds from storage tanks at lower-producing wells, enabling producers to comply with increasingly stringent air quality regulations throughout the United States.
MV’s Mobile V3RU™ system is a fully automated and instrumented version of the Company’s standard V3RU™ product. This configuration allows operators to easily mobilize the unit throughout oil and gas fields and rapidly evaluate a large number of well sites to determine where more permanent V3RU™ control solutions are necessary to comply with emission regulations.
“Colorado recently adopted the nation’s most stringent emission regulations targeting methane and other hydrocarbon vapor emissions from oil and gas production sites,” said J. John Combs III, CEO of SEER. “Our V3RU™ system has been rigorously and successfully field-tested with a large industry partner. It has proven to be simple, reliable and highly effective at reducing harmful greenhouse gas emissions. We are excited to move beyond the test phase and deploy the solution with our first customer to solve a very challenging compliance issue facing the oil and gas industry nationwide.”
Combs added, “Our patented V3RU™ product was designed specifically to address methane vapor emissions from smaller, remotely located wells where more expensive, service-intensive vapor recovery systems are not a viable option. This represents a significant percentage of the more than 52,000 total active wells now operating in Colorado, and we believe the V3RU™ is the most cost-effective and reliable solution available for these wells. It is simple to operate, maintenance free and requires no electrical power, making it an ideal solution for the many thousands of smaller wells in remote locations in the Rocky Mountain region and throughout the country.”
About Strategic Environmental & Energy Resources, Inc.
Strategic Environmental & Energy Resources, Inc. (SEER) identifies, secures, and commercializes patented and proprietary environmental clean technologies in several multibillion dollar sectors (including oil & gas, renewable fuels, and all types of waste management, both solid and gaseous) for the purpose of either destroying/minimizing hazardous waste streams more safely and at lower cost than any competitive alternative, and/or processing the waste for use as a renewable fuel for the benefit of the customers and the environment. SEER has three wholly-owned operating subsidiaries: REGS, LLC; Tactical Cleaning Company, LLC; MV Technologies, LLC; and two majority-owned subsidiaries: Paragon Waste Solutions, LLC; and ReaCH4biogas (“Reach”).
For more information about the Company visit: www.seer-corp.com
Safe Harbor Statement
This press release contains “forward-looking statements” within the meaning of various provisions of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, commonly identified by such terms as “believes,” “looking ahead,” “anticipates,” “estimates,” and other terms with similar meaning. Although the company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Such forward-looking statements should not be construed as fact. Statements in this press release regarding the Company’s plans to present at the LD Micro Conference are forward-looking statements. The information contained in such statements is beyond the ability of the Company to control, and in many cases the Company cannot predict what factors would cause results to differ materially from those indicated in such statements. All forward-looking statements in the press release are expressly qualified by these cautionary statements and by reference to the underlying assumptions.
J. John Combs III
Chief Executive Officer
Pfeiffer High Investor Relations, Inc.