PORTLAND, Ore., April 16, 2015 /PRNewswire/ -- AUTRIS
(OTCQB: AUTR) announces that NITROHEAT, its 100% owned subsidiary
has had an exciting start to the year with expansion of its spray
painting division focusing on the Automotive and Industrial
segments. With the launch of the newly improved product lines, and
the expansion and interest from the international markets including
Asia, Europe and Australasia, the company looks
forward to increasing revenues over the next nine months.
Back in North America the
company together with its major distributor, WedgeClamp Systems has
installed the NitroMax30 system into a fifty thousand square foot
automotive collision facility at Long
Beach, California. This will also be used as a showroom and
training centre for the USA
market.
In Washington the company has
supplied the HeatPro200 system for use in the coatings of furniture
manufacturing with major improvements in drying time and
production. The industrial market for the application of the
NitroHeat spray painting division is three times larger than the
automotive collision markets.
During the first quarter of 2015 the company registered a patent
for the utilization of its Nitrogen Generation technology
(MaxFrack) in the oil and gas fracturing ("FRACKING") industry.
This is an environmentally beneficial answer to the current
hydraulic fracking process used by current operations as very
little water and chemicals are required in the process. The company
anticipates this to be a very large market as the fracking
operations continue to grow in North
America.
About AUTRIS
AUTRIS is an OTC publicly traded company. We are a dedicated
technology investment company with a current wholly owned
subsidiary NITROHEAT (www.nitroheat.com). The company is
strategically positioned for additional acquisitions in the
automotive and technology sectors. Our focus is to continue the
development and growth of NITROHEAT whilst exploring additional
opportunities related to nitrogen generator and compressed gas
technologies.
About NITROHEAT
NITROHEAT is a wholly owned subsidiary of AUTRIS. NITROHEAT is a
manufacturer and distributor of innovative high performance air
filtration, heating and nitrogen generation equipment. Manufactured
in the USA, the company utilizes a
vast equipment reseller network for the distribution of its
products. Core Products are the Nitromax30 (heated nitrogen
generation), MaxDry 200 (High performance filtration, membrane
dryer and compressed air heater) and HeatPro200 (Compressed Air
Heater)
The statements contained herein may include statements of future
expectations and other forward-looking statements that are based on
management's current views and assumptions and involve known and
unknown risks and uncertainties that could cause actual results,
performance or events to differ materially from those expressed or
implied in such statements. In addition to statements which are
forward-looking by reason of context, the words "may", "will",
"should", "expects", "plans", "intends", "anticipates", "believes",
"estimates", "predicts", "potential", or "continue" and similar
expressions identify forwardlooking statements.
Actual results, performance or events may differ materially from
those in such statements due to, without limitation, (i) general
economic conditions, including in particular economic conditions in
the AUTRIS core business and core markets, (ii) performance of
financial markets, including emerging markets, and including market
volatility, liquidity. Many of these factors may be more likely to
occur, or more pronounced, as a result of terrorist activities and
their consequences.
The matters discussed herein may also be affected by risks and
uncertainties described from time to time in AUTRIS filings with
the U.S. Securities and Exchange Commission. The company assumes no
obligation to update any forward-looking statement
Submitted by AUTRIS
Contact Info:
Derek Naidoo President and CEO
Tel: +1(800)931-3472
Fax: +1(866)437-1405
info@autris.net
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SOURCE AUTRIS