Movement Industries Corporation (OTC: MVNT) Releases Details on its New Process Solutions Division
Press Release | 11/21/2019
Purchase Orders Pending for Mass Transfer Equipment and Extraction Units
Houston, TX, Nov. 21, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Movement Industries Corporation (OTC PINK: MVNT) (“Movement”), formerly Visual Healthcare Corp, today announced preliminary details on its new process solutions division. The process solutions division will provide engineering, manufacturing, fabrication and installation for mass transfer equipment such as trays, packing, distributors and ancillary hardware for the refining and petrochemical industries, as well as distillation and extraction units for the agriculture industry.
Mass transfer is the physical movement of various masses from one location to another, often involving a change in state, such as from a solid to a liquid or a liquid to a gas. Mass transfer occurs in many processes, including evaporation, drying and distillation. As the mass is moved, it is usually filtered for purification or separated into various forms.
In practical terms, mass transfer involves the separation and extraction of various usable end products from a raw resource such as oil, gas, corn or hemp. Mass transfer has a major role in most industries and establishing a presence in mass transfer will be a move into the petrochemical space, a recession-resistant industry due to government statutes requiring scheduled maintenance of refineries and the role of the industry in producing almost every product used in the world, from gasoline to plastic spoons, jet fuel to electronics.
Mr. Linh Nguyen, CEO of Movement Industries, stated, “Our strategy is to utilize our core manufacturing capabilities to create product lines used in multiple industries to increase our margins, and then to package those products with services to create comprehensive solutions that provide predictable long-term, recurring revenues. Process solutions provide us with a nice entry point into several of our target markets from which we can expand our product and service offerings to increase our revenues per customer.”
Movement has several large purchase orders pending for mass transfer equipment and extraction units and plans to have the engineering designs for several new products completed within the next few weeks. The company has already acquired several machines to manufacture these products and is currently installing them at its main facility in Houston, Texas. The company expects its new division to begin generating revenues early in the first quarter of 2020.
About Movement Industries Corporation, formerly Visual Healthcare Cor
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