Rival Technologies’ goal is to increase shareholder value through investments in emerging technologies with extraordinary market potential.
There is great opportunity within the energy sector worldwide. Our first two acquisitions are focused on technologies that positively impact both the corporate bottom line and the environment. Our business strategy is to complete the development and intellectual property phases of each opportunity, then license the rights to industry partners with a beneficial need to implement the technology.
In September 2005 Rival Technologies Inc., purchased a technology with the potential to provide an upgrading process for heavy crude and oil sands bitumen. TRU Oiltech Inc was created, laboratory scale research and development rejuvenated, resulting in a next generation primary upgrading technology, the TRU™ process. The process cost effectively produces a premium, pipeline grade, synthetic crude oil branded TRULITE™ and is now ready for continuous feed pilot testing by heavy oil producers and refiners worldwide.
Rival Technologies is making steady progress towards commercialization of its patented continuous water injection (CWI) technology. We have completed the development of our prototype products, and are currently field testing commercial applications of the technology.