ProSep announces $1.3 million gas treatment contract awards

ProSep Inc. (TSX: PRP) (“ProSep” or the “Company”), dedicated to providing process solutions to the oil and gas industry, today announced it was awarded two contracts totaling $1.3 million for gas treatment solutions. The bulk of this amount is for a CO2 gas treatment membrane system to be delivered to a South American gas producer. The second purchase order was awarded by Statoil, Norway’s International energy company and a shareholder of ProSep, for a small proprietary mixing solution to be used in their gas treatment research and development activities. Both systems are expected to be delivered by the end of 2012.
“Our unique gas treatment expertise is increasingly sought after by producers around the world to optimize their production,” said Jacques L. Drouin, President & CEO. “As we build references and performance data, our technologies are gaining interest from new customers and industry leaders such as Statoil, interested in further developing the potential scope of applications of our novel technologies.”

Source: ProSep

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