# Enviro Voraxial Technology sells IP to Schlumberger for $4 million

Enviro Voraxial Technology finalized a purchase agreement with Schlumberger, selling intellectual property for $4 million. $3 million was paid at closing, and $1 million is payable upon completion of asset and service transfer within about 12 months. EVTN received a royalty-free license to use patents outside oil and gas.

- Type: Contract
- Announced: 2017-06-14
- Value: $4.00M
- Status: completed
- Products: Voraxial Separator
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md), [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Enviro Voraxial Technology](https://endata.com/companies/22545.md)
- [Schlumberger](https://endata.com/companies/220.md) (customer)

## Sources

- [filtsep.com](https://www.filtsep.com/content/news/enviro-voraxial-technology-seals-ip-sale-with-schlumberger), 2017-06-14: "We are excited to have finalized this agreement and enter into the next stage of the relationship with Schlumberger."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.