This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Ecosphere Technologies' Recently Announced Contract Validates New Markets For Its Ozonix Technology

STUART, Fla., July 9, 2010 (GLOBE NEWSWIRE) -- Ecosphere Technologies, Inc. (OTCBB:ESPH), a diversified water engineering and environmental services company announces that the first phase of its recently announced contract with Mid-Gulf Recovery Services, LLC calls for Ecosphere to supply its patented mobile Ozonix units to clean marine industrial wastewater throughout the Gulf region for BP. This is the first application of the Ozonix technology outside of the energy business and is part of Ecosphere's plan to deploy the Ozonix technology in many industries to clean wastewater without harmful chemicals in an environmentally friendly way. Ecosphere's Ozonix technology is presently being tested in connection with cleaning oil in the Gulf.

Under the present contract, two initial Ecosphere Ozonix mobile water treatment units will be placed on housing barges to clean grey and black wastewater generated by response personnel servicing the BP clean up efforts in the Gulf states. The first unit is in the gulf now and in the process of being deployed. Ecosphere expects to deliver the second unit within the next 14 days. Ecosphere anticipates that the initial two units will be deployed for a lengthy period of time and that it is hopeful the contract will be expanded to use more units.

Glen Smith, Chief Executive Officer of Mid-Gulf Recovery Services stated, "Working aggressively to respond to the needs of a client in the face of a crisis is the heart of and soul of the Mid-Gulf mind set." After months of evaluating various water treatment technologies and having met with numerous agencies that are part of the process to get our equipment working, Mid-Gulf is pleased to announce the signing of a contract with Ecosphere Technologies to immediately dispatch its mobile Ozonix water treatment units to treat wastewaters being generated on quartering barges. Ecosphere's units will be working in conjunction with other Mid-Gulf equipment we have under a Master Service Contract with BP. Protecting the environment and marine life is our number one priority at Mid-Gulf and together with Ecosphere we will make a difference in the face of this unfortunate disaster," concluded Smith.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
ESPH $0.10 0.00%
AAPL $126.44 0.00%
FB $87.28 0.00%
GOOG $523.40 0.00%
TSLA $280.02 0.00%

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs