In the letter, Matt Nicosia, Chairman and CEO says: “Vivakor is an asset acquisition company that is focused on creating and acquiring innovative technologies that create industry competitive advantages with cutting edge applications and rewarding opportunities. Our focus has always allowed us to have a broad ability to look for technological arbitrage, where others may not have, to create a technological advantage. This corporate directive has transitioned the company through different phases of technological direction as the world continues to be very competitive.
“We have developed a series of technologies that have been industry disruptors. Currently the company has a portfolio of intellectual property that specifically relates to natural resources. We are in the midst of applying and developing these technologies to create and compound shareholder value. We have developed technologies in following three categories: metals extraction, hydrocarbon extraction, upstream product upgrading or product enhancement of hydrocarbon products.
“The company has a series of patents and patent pending innovations which achieve our objectives. The management investment focus of such technology depends on the opportunities that are mainly dictated by macroeconomic issues as our end products are mainly a form of commodity. Technology development this past year has created more opportunities for the company's technologies and we have expanded or focus to include these value creations. Such technologies include the acquisition of the ammonia patents, which use specific nano metallic technology to increase the output of ammonia from natural gas, and the carbon nanotube sponge technology license for decreasing the cost of upgrading crude oil. During this next year, many of the fruits from management's efforts are anticipated to come to fruit on from the hydrocarbon extraction technology, both from oil sands and oil waste remediation. New technology developments in the EOR (enhanced oil recovery), petroleum upgrading sectors, and land asset acquisitions will be pushed forward this year.
“Monetisation of our technologies and assets is our focus and priority. This coming year, monetisation opportunities may arise and management will actively seek and adapt such events to our business model to create further asset and shareholder value. We project a very intense global economic growth and instability in commodities outlook for 2018 that will require international diversity to maximise our technological advantages which would ultimately result in healthy technological development, further extraction machine deployment, and greater shareholder value.”