Sunday, August 23, 2015 11:36:12 PM
FORT WAYNE, Ind., March 5, 2012 /PRNewswire/ -- Freedom Energy Holdings, Inc. (Pink Sheets: FDMF.PK) today provided a corporate update outlining all the ongoing projects that involve the company's proprietary technology KC-9000®.
The last several months has been extremely rewarding on a couple of different fronts. There have been several parties that have expressed some confusion regarding the recent press releases regarding our flagship technology KC-9000®. KC-9000® is to be tested at several locations in the Middle East. The objective of these trials is to show the effectiveness of the KC-9000®'s ability to remove the hydrocarbons from oil soaked drill cuttings or otherwise referred to in the United States as drill tailings. In short, the mud and gravel that is removed in the well drilling process.
In the United States wells are drilled with water, air or another type of drilling mud and stored in pits on site. The procedure in the Middle East uses oil to drill, as it is more available and less costly than importing water. Consequently, it creates an environmental problem to dispose of the cuttings. A very expensive method of removing the hydrocarbons is currently being used and even then the current technology does not reach satisfactory levels.
Laboratory tests have shown the KC-9000® to effectively and efficiently remove the hydrocarbons to levels that are satisfactory for easy disposal. A concentrated form of KC-9000® is being shipped presently to our agent in Dubai for these trials. For security reasons, the locations or countries that these trials are to be conducted have not been disclosed but all funding has been received by the Company to include travel expenses for Senior Management to attend these trials. More information will be released as it is made available.
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