HENDERSON, NV, Aug. 6, 2015 (GLOBE NEWSWIRE) -- Double Crown Resources, Inc. (DDCC), a fully reporting company, today announces late-stage negotiations are currently taking place with a prominent oilfield service company for the employment of Double Crown's patent-pending, intermodal material transport system called Translock². The Translock² units will be used for large scale commodity deliveries by the oilfield service company to oil & gas drilling platforms operated by a major petroleum producer in The Gulf of Mexico. Initial planned arrangements will be for the regular delivery of drilling grade cement to the platforms. This commodity is needed as a vital sealant in off-shore oilfield operations. Fabrication of new Translock² units will commence as soon as possible after contracts are signed which is expected within the month of August. Further developments will be announced as they occur.
For this operation, Double Crown will supply industry-specific Translock² units engineered to the specifications of the drilling company which is one of the industry's top petroleum products producers. As the viability and advantages of Double Crown's advanced technology are proven, long range planning will be for every one of this driller's platforms in The Gulf of Mexico to be served by Translock² units on a regular basis. Translock² offers unparalleled design features with the potential to revolutionize the standards of industrial commodity shipping as they exist today in terms of efficiency, cost & time-savings, product protection, safety and environmental concerns. In this first commercial project one of the major improvements will be the elimination of super sacks which are inefficient to manage, wasteful of excess material and often rupture in handling and transit. Double Crown's management has received many comments from industry leaders indicating that Translock² would provide a very welcome improvement over the use of super sacks for virtually all industrial commodity shipping applications. Furthermore, it has been expressed that super sacks, in many industries, are being phased out. Double Crown's management is confident that the Translock² is a clear solution to that phase-out and intends to prove this in the months to come.
About Double Crown Resources, Inc.
Double Crown Resources, Inc., is a public, fully reporting company in the natural resources industry. In addition to our oilfield services business, we market the patent-pending, multi-advantage container system called Translock². This system is designed for highly efficient, economical and environmentally friendly shipment of aggregate commodities to the oilfield services industry. Additionally, we hold a 100% interest in the Bateman gold and nickel prospect near Thunder Bay, Ontario, Canada. Double Crown Resources, Inc., originally founded in 2006, is based in Henderson, NV with marketing offices in Houston, TX.
Neither this press release nor any related calls or discussions constitutes an offer to sell, or the solicitation of an offer to buy, any securities.
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in the Company's annual report on Form 10-K for the year ended December 31, 2014 as updated from time to time in our filings with the Securities and Exchange Commission. The Company is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this document by wire services or Internet services. For further information about Double Crown Resources, Inc., please refer to its website at http://www.doublecrownresources.com.
CONTACT: Double Crown Resources, Inc. Jerold S. Drew, CEO & Chairman of the Board 10120 S. Eastern Ave. Suite 200 Henderson, Nevada 89052 Phone: (707) 961-6016 Email: email@example.com Source:Double Crown Resources, Inc.