PCT Ltd (PCTL)

[jimr1717]

LITTLE RIVER, S.C., February 25 2019 (GLOBE NEWSWIRE) -- 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® System 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 $60,00 to over $180,000 for the current year”. PCT’s Large Volume Hydrolyte® Systems are now being used to remediate infection 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.
$60,000? LMAO What a rehash scam