Alderox, Inc. News
Alderox, Inc. Completes Successful Trial Project at Chilean Copper Mine
SAN CLEMENTE, Calif., June 24 PRNewswire-FirstCall — ALDEROX, INC. (OTC Bulletin Board: AROX), a world leader in productivity enhancing, environmentally friendly anti-stick release agents and lubricants to the mining sector, announced today that it has successfully completed its first major trial in Chile.
This project was carried out at a large copper mine site in Chile on one of their 60-ton excavator buckets. Due to a large amount of the excavated material containing clay, the excavators were experiencing 15 to 20 tons loss of capacity due to sticking ore. The client proceeded with the trial solely to determine the increased capability of moving material afforded through the use of the Alderox product, which translates directly into increased productivity and profits.
Gordon Davies, President of the Company stated, "During the trial, the mine personnel noted a significant increase in the excavator equipment's capacity to move materials after the Alderox product had been applied." Mr. Davies went on to say, "We have been informed that as a result of this project, Alderox will be included in the Standard Operating Procedures of this mine upon formal acceptance. We further understand that approval of the Alderox product's use will quickly be extended to other areas of the mine, such as on their 240 ton, 340 ton and 420 ton haul trucks, and on other equipment where the reduction/elimination of ore build-up will have significant impact."
Non-disclosure agreements preclude the Company from identifying the specific mine at which the trial project took place.
The Company has also submitted trial proposals for two other mines in Chile and has an upcoming trial project with truck haul fleets transporting materials from the mines to the ports in that country.
About Alderox, Inc.
Headquartered in San Clemente, CA with offices in Colorado, Utah, and Tennessee, Alderox, Inc. manufactures and globally markets its Alderox(R) line of release agents and lubricants to heavy industry. The Company's patented formulations, which are 100% environmentally friendly, biodegradable, non-hazardous and non-toxic, are used to reduce or eliminate the massive problems associated with the build-up of materials in mining haul truck beds and on mining handling equipment.
Alderox, Inc.'s website is located at http://www.alderoxasa.com.
Contact : Mike Davies, CEO, Alderox, Inc., Tel. 949-542-7440
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
SOURCE Alderox, Inc.
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