Avalon Oil & Gas, Inc.’s (AOGN.OB) Paraffin Wax Mitigation Technology
Avalon Oil & Gas, Inc.’s technology arm acquires and develops oil production enhancing technologies from early stage licensing partners. The company's business model is to evaluate the commercialization potential of a technology and its market viability. If warranted, then Avalon will proceed to rapid prototype development and field test of the technology. One of Avalon's licensing partners is UTEK, Inc., a global technology transfer company that enables firms to rapidly acquire innovative technologies from universities and research labs worldwide. Through UTEK, Avalon has acquired a few new oil production technologies. One such technology license acquired by Avalon via UTEK is…