MAHWAH, NJ, April 25, 2022 (GLOBE NEWSWIRE) — Drosrite International LLC, a privately held waste management technology company based in New Jersey, USA, (the “Company”, the “Company” or “Drosrite International”), is pleased to announce today that the first three of seven DROSRITE™ Dross Collection Systems ordered from Radian Oil & Gas Services Company (“Radian” or the “Customer”) have officially passed their site acceptance and are fully operational at the Ma’aden Aluminum Plant (“Ma’aden” or the “Foundry”).
The final commissioning of these three DROSRITE™ systems followed a customer-specified implementation and operational period, during which the technology was used to full capacity and exhibited outstanding results.
The company is also pleased to report that the remaining four systems have already been manufactured and have passed factory acceptance testing. Drosrite International is currently awaiting final shipment to the foundry facility.
“Recent on-site acceptance testing and full commissioning represent a significant milestone for DROSRITE™ technology. After years of use by downstream aluminum producers, this is the first implementation of DROSRITE™ at a major primary aluminum smelter,” said Mr. Alex Pascali, President of Drosrite International. “The fact that two such reputable and demanding companies, Radian and Ma’aden, the largest and most significant end-user facility, have invested in the DROSRITE™ system clearly shows the strength of this technology.”
“It is very important to note that this is, to our knowledge, one of the first salt-free dross recovery systems implemented in a large-scale primary foundry,” Pascali added. “The absence of salt eliminates dangerous salt cakes that are commonly produced by other legacy technologies, such as rotary salt kilns, and would need to be stored or landfilled. Salt-free DROSRITE™ technology also reduces the risk of salt contamination within the plant, while significantly reducing greenhouse gas emissions.In addition, the commissioning of these systems generates recurring income, from routine maintenance and replacement parts. With these first three systems now fully operational, we look forward to installing the remaining four DROSRITE™ systems for these customers.”
About Radian Oil and gas services company
Radian is a private Saudi company that provides technologies that help customers save energy and operate more efficiently through a wide range of solutions while saving fuel, water/electricity and reducing CO2 emissions. Radian is part of the HAKA Group, an established conglomerate founded in 1967 and also based in the Kingdom of Saudi Arabia. The group operates in a wide range of business sectors, from logistics to food and beverage and from construction to real estate, possessing a thriving mix of brands under its umbrella.
Ma’aden is a diversified multi-billion dollar mining company and was established as a Saudi joint-stock company in 1997. Since 2009, Alcoa, the world’s eighth largest aluminum producer, and Ma’aden have formed a joint venture that has aa created the world’s largest, cheapest and most integrated aluminum plant in Ras Al-Khair. Ma’aden is the largest mining company in the Kingdom of Saudi Arabia and one of the world’s most forward-thinking companies in its sector.
About Drosrite International LLC
Drosrite International LLC, is a privately held, US-based company, duly incorporated and existing under the laws of the State of Delaware, providing advanced waste management technologies to the aluminum industry. The Company is duly authorized and has the right to manufacture, market, sell and distribute DROSRITE™ systems and technology. All DROSRITE™ systems supplied by Drosrite International are manufactured in the USA.
The principal business of the Company is to promote, under a limited exclusive agreement, DROSRITE™ systems and technology; a revolutionary salt-free rotary tilting kiln to maximize the recovery of non-ferrous metals from slag.
Drosrite International’s goal is to supply DROSRITE™ systems, together with the complete installation and accessories required for the recovery of aluminum slag. Drosrite International LLC is in discussion with other foundries to provide this type of service on a direct/indirect basis.
This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “have the “intent to”, “expect”, “ongoing” and other similar expressions that constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectations and assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties, including, but not limited to, our expectations regarding market acceptance of our products, our strategy for developing new products and improving the capabilities of existing products, our research and development strategy, the impact of competitive products and pricing, new product development and uncertainties related to the regulatory approval process. These statements reflect the Company’s current views with respect to future events and are subject to certain risks and uncertainties and other risks.
Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by applicable securities laws.
SOURCEDrosrite International LLC
For more information, please contact: Media Relations, Phone: (201) 512-8701, Email: [email protected]
RELATED LINK: www.drosrite-international.com