Vivakor, Inc. a technology and asset acquisition company with a focus in the area of natural resources, today announced that it has filed for an additional patent regarding its closed-looped hydrocarbon recovery system for oils sands.

Vivakor continues to position itself as a technology leader, having deployed patent-protected technology and equipment that works in the field. This new patent submission expands the Company’s technology patent portfolio and builds upon its barrier to entry in separating itself from the competition. Vivakor’s technology has proven to be environmentally friendly, removing the hydrocarbon-emitting oil sands, leaving behind only clean, dry sand and fresh air.

Vivakor files its third patent application surrounding its oil sands and remediation technology. This most recent patent submission is for System and Method for a Flash Evaporator to Separate Bitumen and Hydrocarbon Condensate. The patent will allow Vivakor to diversify its product offering in Utah; producing both crude oil (as it has been for over a year), and also bitumen feedstock for the over $100 billion asphalt/bitumen market. Letters of support from major  companies have already been secured. This latest process will allow the specialized separating agent to be reused/recycled, and produce both a high-grade fuel and bitumen product.

Matt Nicosia, Chief Executive Officer of Vivakor, commented, “Our ability to continue to expand our technology portfolio is a key differentiator for us and leading to significant revenue opportunities. We are excited to now enter the commercialization phase and accelerate our revenue growth which will drive shareholder equity value.”

About Vivakor, Inc.

Vivakor, Inc. a technology and asset acquisition company with a focus in the area of natural resources. Vivakor’s corporate mission is to create, acquire and accumulate distinct assets, intellectual properties, and exceptional technologies that produce solid returns to its valued shareholders and partners. The company currently focuses on bitumen (heavy crude) extraction from shallow, oil-laden areas in Eastern Utah, along with petroleum based remediation projects across the globe. The technologies utilized are low-cost, proprietary and proving themselves industry disruptive when measured by a number of important factors. The general business model has been to be an acquisition hub, focused on building and acquiring cash-flowing assets in discrete areas that have an acknowledged technological advantage and enable a substantial market opportunity within significant target markets across the globe. Our research, and the technology we acquire are anchored by our relationships with synergistic partners and product-specific commercialization strategies. From the point of product or technology conception, or through acquisition, development and commercialization, we expect to have strategic partners, joint ventures or licensing arrangements in place for many of our products in order to sustain revenue attainment.