The LC50 test for aquatic toxicity determines the lethal concentration (LC) of a material at which 50% of the specimens (fish or crustaceans)
It was further determined that the LC50 rating of the ProOne’s Drilling Fluid is greater than 750mg/L where materials with and LC50 above 500 mg/L are considered “non-hazardous”
“Major operators throughout the industry have experienced our drilling lubricant as the product that saves them money and solves problems when the drilling gets tough,” says Tim Wagner, ProOne’s Vice President of Research & Development. “We see the LC50 test results providing huge benefits to drillers since they can have all the environmental advantages of a water-based mud while outperforming oil-based mud with improved penetration characteristics.”
Based in Orange County, California, ProOne, Inc. (ProOne), the operating division of ProOne Holdings, Inc., is in the business of developing and marketing high-performance, cost-effective, lubricants and fuel products for commercial, industrial and retail customers. ProOne produces the most advanced and effective drilling lubricant in the world. Approved for use by all major drilling fluid suppliers, ProOne provides the drilling fluid through distributors, such as National Oilwell Varco (NOV/Wilson)
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Statements contained in this news release, aside from those identifying historical facts, are 'forward looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.