NEW YORK, Feb. 07, 2018 (GLOBE NEWSWIRE) -- via NetworkWire – NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Petroteq (TSX.V:PQE) (OTCQX:PQEFF), a client of NNW engaged in the development and implementation of its proprietary environmentally friendly heavy oil processing and extraction technologies.
To view the full publication, titled “Blockchain Patents Filings on the Rise, Innovators take the Lead,” visit: LINK
With its high-value transactions and complicated infrastructure, energy is one of the industries that could most benefit from blockchain software. Petroteq Energy Inc. (TSX.V:PQE) (OTCQX:PQEFF) recognized blockchain’s potential to revolutionize supply chain management as an immense opportunity and was quick to integrate the technology into its operations.
Petroteq is a Canadian company looking to help America tap into its rich and, in some cases, untouched oil and gas deposits. Through the development and implementation of its proprietary environmentally friendly heavy oil processing and extraction technologies, it aims to access new sources of fuel. Its proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures, reducing the impact of an industry often associated with environmental destruction. The company recently received notices of allowance from U.S. and Canadian patent offices covering its oil extraction technology (http://nnw.fm/Ck3dW).
About Petroteq Energy Inc.
The company is engaged in the development and implementation of its proprietary environmentally friendly heavy oil processing and extraction technologies. Petroteq’s proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. Under a joint venture agreement with Recruiter.com and Oilprice.com, the company will publish website-based employment opportunities in the Energy sector. Petroteq is also developing technologies to optimize petrochemical industry workflow processes and will bring a team of professionals to expedite the process. For more information, visit www.PetroteqEnergy.com.
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, please visit https://www.NetworkNewsWire.com.
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
Corporate Communications Contact:
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com