AuraSource Inc. Enhances Intellectual Property Portfolio With New Chinese Patents
CHANDLER, AZ--(Marketwired - Aug 27, 2013) - AuraSource Inc. (OTCQB: ARAO) (OTCBB: ARAO), a developer of hydrocarbon clean fuel and mineral beneficiation technology, today announced that it was issued two new Chinese patents covering its Centrifugal Separator (PCT/CN2011/071757) and Centrifugal Jig (PCT/CN2011/071763). These patents were also issued under the Patent Cooperation Treaty ("PCT") process, which provides a unified procedure for filing patent applications to protect inventions internationally.
"These two new patents significantly enhance AuraSource's technology and intellectual portfolio, as management focuses on commercialization," said AuraSource President and CEO Philip Liu. "With the upcoming construction of a large-scale AuraCoal™ demonstration plant in Wuxi, China and commercialization efforts in 2H 2013, these patents on our Centrifugal Separator and Centrifugal Jig were essential, since they are two critical components in the beneficiation process for both our AuraCoal™ and AuraMetal™ technology platforms."
The Centrifugal Jig for mineral applications and the Centrifugal Separator for liquid applications combines the principles of conventional jigs and separators with centrifugal force in order to extend the efficient size recovery of fine mineral and liquid separation processes.
About AuraSource
AuraSource, Inc. is focused on the development and production of environmentally friendly and cost effective industrial energy sources and feedstock used for industrial applications. The Company's core technology includes ultrafine grinding and impurities removal processes, with initial applications in ultra-fine coal water mixture for heavy oil substitution and low-grade iron ore fine and slimes beneficiation.
AuraCoal™ is an ultra-low ash, coal-water-slurry mixture that can be used in lieu of heavy oil in a 2:1 ratio and demonstrates compelling economic and environmental benefits; AuraMetal™ improves the grade of ore at a low cost with minimal pollution; and, AuraFuel™ uses a proprietary low-temperature catalytic process to recover oil from shale formations with energy self-sufficiency, minimal water usage, and high oil yields.
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.