AuraSource Launches Its Industrial Demonstration Production Line
November 21 2013 - 9:31AM
Marketwired
AuraSource Launches Its Industrial Demonstration Production Line
CHANDLER, AZ--(Marketwired - Nov 21, 2013) - AuraSource, Inc.
(OTCQB: ARAO) (OTCBB: ARAO), a developer of hydrocarbon clean fuel
and mineral material beneficiation technology, today announced that
its 200,000 tons per year AuraCoal production plant is
operational.
The AuraCoal production system processes 200,000 tons of
ultra-fine coal water slurry per year. This significantly improves
the granularity of coal slurry fuel which increases fuel particle
concentration. This production plant is the first industrial
demonstration of AuraSource's patented "ultrafine grinding
technology." This ultrafine grinding technology is currently being
tested for uses in different industries such as metal ore
beneficiation and concrete industrial applications.
Philip Liu, AuraSource's CEO stated: "I am very excited about
the production launch. It confirms our technology on an industrial
scale. This is a major milestone for AuraSource, after years of
investment, we begin our technology commercialization. With this
industrial scale demonstration site, customers can evaluate whether
to license the technology or joint venture with AuraSource."
About AuraSource
AuraSource focuses on the development and production of
environmentally friendly and cost effective industrial energy and
fuel used for industrial applications. AuraCoal, AuraSource's core
technology, includes ultrafine grinding and impurities removal
processes. Initial industrial applications of AuraSource technology
are ultra-fine coal water mixture for heavy oil substitution, and
low grade iron ore fine and slimes beneficiation.
For more information about AuraSource, please visit
www.aurasourceinc.com.
SAFE HARBOR STATEMENT This Press Release may contain certain
forward-looking statements within the meaning of the Securities
Litigation Reform Act of 1995. AuraSource has tried, whenever
possible, to identify these forward-looking statements using words
such as "anticipates," "believes," "estimates," "expects," "plans,"
"intends," "potential" and similar expressions. These statements
reflect AuraSource's current beliefs and are based upon information
currently available to it. Accordingly, such forward-looking
statements involve known and unknown risks, uncertainties and other
factors which could cause AuraSource's actual results, performance
or achievements to differ materially from those expressed in or
implied by such statements. AuraSource undertakes no obligation to
update or provide advice in the event of any change, addition or
alteration to the information catered in this Press Release
including such forward-looking statements.
Eric Stoppenhagen +1-949-903-0468 Email Contact
AuraSource (CE) (USOTC:ARAO)
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