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DTRO Deltron Inc (CE)

0.000001
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Deltron Inc (CE) USOTC:DTRO OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

Deltron’s Rebreather Equipment Designed to Aid in Offshore Oil Spill Prevention and Containment

09/06/2010 9:00am

Business Wire


Deltron (CE) (USOTC:DTRO)
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Deltron, Inc. (OTCBB: DTRO), through its Blu Vu Deep Oil and Gas Exploration, Inc. division, is developing innovative rebreather equipment to aid in preventing and containing offshore oil spills. Deltron recognizes the critical need for solutions to improve inspection, maintenance and repair of deep water oil and gas rigs like BP’s Deepwater Horizon. The Company has designed proprietary closed circuit rebreather systems to enable commercial divers to reach greater depths, stay underwater longer, increase productivity while submerged, and reduce decompression and recovery time. Deltron’s solutions are engineered to allow offshore drilling companies to provide more comprehensive equipment inspections and thorough maintenance operations as well as maximizing diving time when needed during critical spill containment maneuvers.

Henry Larrucea, Deltron CEO, commented: “The BP spill and its disastrous effects on the environment and economy of the Gulf of Mexico highlight the urgent need for better deep sea maintenance and prevention solutions for oil and gas exploration and production. Our Blu Vu rebreather technology is designed to maximize dive time and diver efficiency in order to enable offshore drillers to provide better regular inspection and maintenance and fast, effective response to equipment failures, leaks and spills.”

President Obama has signed an executive order establishing the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling to take a comprehensive look at oil and gas industry operations and regulations. It will consider the root causes of the disaster, offer options on safety and environmental precautions to prevent additional spills, and issue a report within six months. President Obama commented that the Commission is to “thoroughly examine the spill and its causes, so that we never face such a catastrophe again.”

Blu Vu Deep Oil & Gas Exploration is a developer of breathing technology for use in extreme environments. Founded in 2007 and led by an internationally renowned deep sea diving expert, Blu Vu designs and develops proprietary closed-circuit rebreathers and components for deep sea oil & gas exploration and production, as well as breathing systems for mining, search and rescue, fire, building safety and hazardous materials applications.

About Deltron, Inc. (DTRO.OB)

Deltron acquires profitable businesses with strong management teams, substantial revenue and established market positions. Wholly owned subsidiary Blu Vu is a developer of proprietary closed circuit rebreather technology and components that go beyond conventional scuba systems to enable commercial and recreational divers to go deeper, stay underwater longer and recover faster. Wholly owned Elasco is a proven innovator in product manufacturing with a 30-year operating history, diverse customer base and vertically integrated manufacturing facility in Garden Grove, California.

This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. DTRO has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions. These statements reflect DTRO’s current beliefs and are based upon information currently available to it.

Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the DTRO’s actual results, performance or achievements to differ materially from those expressed in or implied by such statements. DTRO undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.

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