SOURCE: NRG Resources, Inc.
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March 06, 2006 08:00 ET
Russian Railway Successfully Tests TVT 24-7
SANTA ANA, CA -- (MARKET WIRE) -- March 6, 2006 -- NRG Resources, Inc. (OTC: NRRI) announced
today that the Department of Capital Development of the Russian Railways
approved full-scale diesel engine testing of NRGZ 24-7 based on the
positive results obtained on laboratory testing.
The Russian Scientific Research Institute of Railroad Transportation, an
internationally acclaimed research facility, completed the testing. The
study was initiated to determine the improved component wear and function
characteristics of TVT 24-7 (formerly NRG 24-7) when added to different
lubricants used by the Russian railroads, and also studied these
characteristics when used with different paired metals.
The conclusion of the report states, "Based on positive results of
laboratory tests, we approve the diesel oil M14B2 comprising 7% of the
metal conditioner NRGZ 24-7 lubrication for trials on full-scale diesel
engines."
The Institute's report also contains observations concerning startling
reductions in wear characteristics of certain metals. For example, the
report states that NRG 24-7 at 7% additive reduces wear of cast iron and
alloy A020-1 by one order of magnitude (90%), does not influence the wear
of nitride steel, and cuts the wear of bronze by several hundred percent.
Other tests indicate that as little as 3% NRG 24-7 when added to
lubricating oil significantly reduced the operating temperatures of the oil
by 75 degrees Fahrenheit.
Having inherited a massive operating infrastructure, the Russian Railway is
an extensive organization, spanning eleven time zones and containing almost
as much railroad tracks than the rest of the world combined. The Russian
Railway has indicated that it plans to begin full-scale diesel engine
tests.
"We believe that the positive results obtained by The Russian Scientific
Research Institute of Railroad Transportation will move us closer to a
long-term lubricant supplier relationship with the railroads, and put us on
the fast track with other state and private sector organizations in the
CIS," remarked Tony Vanetik, CEO of NRG Resources, Inc.
NRG Resources, Inc. has a licensing agreement with Green Star Products,
Inc. (see GSPI press release dated Nov. 2, 2005, "GSPI Completes Joint
Venture To Distribute Lubrication Products Worldwide") and produces the
antifriction products from a new blending and bottling facility in Chula
Vista (San Diego County), California.
About NRG Resources, Inc.
Orange County, California-based NRG Resources, Inc. is a business that
manufactures and markets a proprietary line of oil additives and lubricants
for industrial and commercial applications. The Company also owns a wholly
owned subsidiary, NRG Resources Kazakhstan, Inc., whose principal activity
is the exploration of oil and gas in Kazakhstan. For more information,
please visit the Company's website at www.nrglc.com or send an email to
info@nrglc.com
Forward-Looking Statements.
This announcement contains forward-looking statements, which can be
identified by the use of forward-looking terminology such as "may,"
"expect," "anticipate," "estimate," "continue," "believe," "plan," "hope,
"intend," or other similar words. We have made forward-looking statements
with respect to the following, among others: our goals and strategies; our
ability to earn sufficient revenues to operate and retain the human
resources that we have recruited or are in the process of recruiting; our
ability to continue to operate and/or develop our existing lubricants
business; our ability to continue as a going concern. These statements are
forward-looking and reflect our current expectations. These
forward-looking statements are subject to a number of risks and
uncertainties, some of which are beyond our control. Forward-looking
statements in this announcement are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Although NRG Resources, Inc. believes the expectations reflected in such
forward-looking statements are based on reasonable assumptions, it can give
no assurance that its expectations will be attained. Investors are
cautioned that all forward-looking statements involve high risks and
uncertainty, including without limitation, our limited operating history,
the costs and risks of exploring and developing new oil and natural gas
reserves, our continued operations of our lubricant business, our future
capital needs, our ability to retain qualified management and consultants,
etc. These forward-looking statements, as well as statements which address
operating performance, events or developments that we believe or expect to
occur in the future, including those that discuss strategies, goals,
outlook or other non-historical matters, or which relate to future sales or
earnings expectations, cost savings, awarded sales, volume growth, earnings
or a general belief in our expectations of future operating results, are
forward-looking statements. The forward-looking statements are made on the
basis of management's assumptions and estimations. As a result, there can
be no guarantee or assurance that these assumptions and expectations will
in fact occur. The forward-looking statements are subject to risks and
uncertainties that may cause actual results to materially differ from those
contained in the statements. Some, but not all of the risks, include our
ability to obtain future sales, our ability to successfully integrate
acquisitions, changes in worldwide economic and political conditions,
including adverse effects from terrorism or related hostilities including
increased costs, reduced production or other factors, costs related to
legal and administrative matters, our ability to realize cost savings
expected, inefficiencies related to production that are greater than
anticipated, changes in technology and technological risks, foreign
currency fluctuations, increased fuel costs, the presence of downturns in
customer markets where the company's goods are sold, financial and business
downturns of our customers or vendors, and other factors, uncertainties,
challenges. NRG does not intend or undertake any obligation to update any
forward-looking statements.