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Enviro Voraxial Technology signs a purchase agreement with Schlumberger, granting EVTN a worldwide royalty-free license to use patents for the Voraxial Separator outside oil and gas, and manufacturing rights for Schlumberger for three years. The deal is expected to close within three months.
“This agreement provides EVTN with a path to manufacture and sell the Voraxial into the oil and gas market through Schlumberger and to potentially leverage this success into additional growth opportunities in other industries.”filtsep.com
Summarized from public sources; check the original articles before acting on it.