TSX Venture Exchange Symbol: SNV
CALGARY, April 8, 2014 /CNW/ - Sonoro Energy Ltd. ("Sonoro" or the
"Company") (TSX-V: SNV) is pleased to announce that as a result of its
continued process development and optimization of its sonic reactor
technology, the Company has been awarded patents in Canada and South
Africa for its SonoAsh fly ash upgrading technology (the "SonoAsh Technology") through its wholly-owned subsidiary, SonoAsh LLC
("SonoAsh"). Patent applications for the SonoAsh Technology are also
pending approval in the U.S., Europe, Russia, South Korea and Taiwan,
where further review is ongoing, and the Company anticipates positive
outcomes in these jurisdictions.
The SonoAsh Technology is applied to low value waste fly ash sources,
removing undesirable components such as mercury, carbon and ammonia and
significantly reducing the average particle size. The SonoAsh
Technology allows SonoAsh to produce a final high value fly ash product
as a Portland cement replacement in concrete manufacturing without
compromising competitive concrete performance properties. These
performance claims have been confirmed by third-party analysis using a
global cement producer.
The Company has tested and optimized the SonoAsh Technology on various
Class F fly ash sources ranging from 4-12% carbon and 100-250 parts per
billion ("ppb") mercury and this technology has consistently produced
an upgraded high value fly ash product with <1% carbon and below
detection levels of mercury (<20ppb).
While the Company's main focus remains bitumen resource development, its
dedicated technology team has developed additional intellectual
property and patents utilizing its current sonic reactor technology
platform (the "Sonic Reactor Technology") which excludes any
technologies related to solvent de-asphalting of heavy oil. The Company
believes it will obtain value from these applications and is currently
undertaking and pursuing projects and partnerships to accomplish this.
The Company is engaging with select companies on various applications
utilizing the Sonic Reactor Technology for paid industrial pilot
testing with a view towards commercial rollout. The Company is excited
about the recent developments with the Sonic Reactor Technology and the
new applications and testing programs underway.
About Sonoro
Sonoro is an international unconventional resource exploration and
development company. Our current focus is a pure play on
bitumen/asphalt resource exploration and development in Iraq. Sonoro
continues the evaluation of resource opportunities in Iraq and under
our asphalt license agreement in the Salah ad Din Province while we
pursue final Federal approvals.
Forward-Looking Information
Certain statements in this news release may constitute "forward-looking
information" ("forward-looking statements") within the meaning of
applicable Canadian securities laws. Forward-looking statements are
often, but not always, identified by the use of words such as
"anticipate", "estimate", "potential", "could", "ongoing",
"prospective", "expected", "believes", "towards" and similar words
suggesting future outcomes. Specific forward-looking statements in this
press release include but are not limited to comments related to the
likelihood of obtaining patent application approvals for the SonoAsh
Technology in certain jurisdictions and the anticipated value of
certain applications that utilize the Sonic Reactor Technology. By
their nature, forward-looking statements are based on current
expectations regarding future events that involve a number of
assumptions, known and unknown risks, and uncertainties. Actual
results, performance or achievements of Sonoro, or the industry, may
vary materially from what is expressed or implied by such
forward-looking statements.
These forward-looking statements are not guarantees of our future
performance and are subject to risks, uncertainties and other important
factors that could cause our actual performance to be materially
different from what we project. These risks and uncertainties include,
but are not limited to: (1) risks associated with obtaining,
maintaining and the timing of receipt of regulatory approvals, permits,
and licenses; (2) uncertainties related to financing of Sonoro's
research and development activities, commercialization activities, and
continued operations through access to capital markets; (3) the risk of
volatile global economic conditions; (4) continued political stability;
(5) continued support from the local communities, (6) operational risks
in development, exploration and production delays or changes in plans
with respect to exploration or development projects or capital
expenditures; (7) the uncertainty of resource estimates, geological
interpretations, estimates and projections in relation to production,
costs and expenses, and health, safety and environmental risks; (8) the
continued ability to obtain qualified staff and equipment in a timely
and cost efficient manner; (9) the risk of commodity price and foreign
exchange rate fluctuations; (10) risks associated with the
implementation of new technology; and (11) ability to develop,
commercialize and market applications using its intellectual property.
Given these uncertainties, you should not rely on forward-looking
statements. These forward-looking statements also represent our
estimates and assumptions only as of the date that they initially were
made. We expressly disclaim a duty to provide updates to any
forward-looking statements, and the estimates and assumptions
associated with them, to reflect events or circumstances or changes in
expectations or the occurrence of anticipated events after the date
they initially were made, except and to the extent required by
applicable law.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE Sonoro Energy Ltd.
