HOUSTON, May 12, 2009 (GLOBE NEWSWIRE) -- SulphCo, Inc. (the "Company" or "SulphCo") (NYSE Amex:SUF), a technology company with a patented ultrasound process designed to desulfurize crude oil products and crude oil, announces that it has entered into a Technology Agreement (the "Agreement") with OMV Refining & Marketing GmbH ("OMV").
Based on results from recent laboratory and field testing of SulphCo's Sonocracking(tm) technology, SulphCo and OMV have entered into the Agreement to evaluate SulphCo's technology in several refining applications. The respective evaluations will be conducted by SulphCo and OMV personnel in OMV's pilot plant facilities during the next two months. The results from these evaluations will help determine the commercial applicability of SulphCo's technology within OMV's applications.
Dr. Larry D. Ryan, SulphCo's Chief Executive Officer, commented, "This is an important step for SulphCo and we are extremely pleased to have entered into the Agreement with OMV, a major integrated oil company. The Agreement demonstrates that meaningful progress towards commercialization of SulphCo's technology is continuing to be made."
About SulphCo, Inc.
Houston-based SulphCo has developed a patented safe and economic process employing ultrasound technology to alter the molecular structure of crude oil and crude oil fractions. The overall process is designed to "upgrade" the quality of crude oil and crude oil fractions by modifying and reducing the sulfur and nitrogen content to make those compounds easier to process using conventional techniques, as well as reducing the density and viscosity. For more information, please visit http://www.sulphco.com/.
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From time to time, the Company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.