Umbra Applied Technologies Group Inc (UATG)

[DogsOverPeople]

Umbra Applied Technologies Group, Inc’s (OTC Pink: UATG) subsidiary, H2O Processing, announced today that it has been contracted by Synergy Crude LLC to treat iron contaminated crude oil. Under the agreement, H2O Processing will treat an anticipated 1,500 bbls daily based on existing production. The contract specifies a reduction in iron contamination to under 10 ppm minimum so that product may be retailed to a U.S. pipeline. The newly signed agreement outlines an increase in production of up to 8,000 bbls a day totaling an estimated $15.4 million dollars in annual service contracts. Initial anticipated monthly production is valued to begin at an estimated $250,000. This contract is in addition to the contract announced last week. In total H2O has announced two contracts this month totaling over $30 million.