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PCT LTD Installs a Large Volume Hydrolyte® System

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beer$$money Member Level  Wednesday, 02/12/20 09:35:28 AM
Re: Trying to do DD post# 54120
Post # of 111262 
PCT LTD Installs a Large Volume Hydrolyte® System with Option
Agreement for 4 additional LVH Systems with Oil & Gas Industry Customer
LITTLE RIVER, SC, February 25, 2019--- PCT LTD (OTC Pink: PCTL), through its operating
subsidiary, Paradigm Convergence Technologies Corporation (PCT Corp), a leader in environmentally
safe, non-toxic, antimicrobial solutions announced today it has sold and is currently installing a large
volume C-104 Hydrolyte® Systems to an existing customer, H2S Safe Treat, Inc. of Ada, OK (H2S).
H2S requested and has agreed to an option to purchase four more C-104 Systems at the agreed pricing
schedule on or before September 15, 2019. H2S currently operates a lower volume C-102 system
purchased in July 2018 for the generation of fluids used in its proprietary treatment process, which
removes environmentally and commercially harmful Hydrogen Sulfide (H2S) from crude oil and natural
gas. H2S is expanding the beta field-testing of its proven treatment and decontamination processes as it
moves toward commercial scale operations.
Aaron Vogt, CEO of H2S, stated, “We are very pleased with the performance of the PCT equipment and
systems in our initial beta field tests. Those tests are being expanded from single to multiple well and
subsequently to multiple field operations. The, reliability, technical support and ease of operation of PCT
systems convinced us to name PCT as our systems supplier for the expanded field-testing program and
commercial roll-out. This is why we have agreed to option the purchase of 4 additional systems to
provide the increasing volume of fluids we will require over the coming months.’
Gary Grieco, Chairman & President of PCT Ltd, noted that, “if the purchase options are exercised by
H2S, it will increase our sales of Large Volume Systems from $60,000 to over $180,000 for the current
year”. PCT’s Large Volume Hydrolyte® Systems are now being used to control bacteria and
contamination problems in both the Agricultural and Oil & Gas markets. The ability to produce
thousands of gallons per day, per system, allows the Hydrolyte® fluid solutions to be used to treat existing
oil or gas wells to reduce hydrogen sulfide in “sour wells,” to reduce maintenance problems, and to
disinfect fracking water used in hydraulic fracturing.



https://www.para-con.com/images/docs/PCTL-02.25.19.pdf

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