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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

ThermoEnergy Corporation Signs Deal To Deploy Mobile Frack Water Production System

WORCESTER, Mass., July 19, 2012 /PRNewswire/ --  ThermoEnergy Corp. (OTCBB: TMEN), a diversified technologies company engaged in the development and sales of wastewater recovery and power generation technologies, has announced the signing of a contract to deliver ThermoEnergy's first commercial frack water production system to an oil and gas services company.  

(Logo: http://photos.prnewswire.com/prnh/20100816/CL50460LOGO )

In early 2012, the company made a strategic decision to focus on providing water generation and treatment services associated with hydraulic fracturing (frack-water) used in recovering oil and gas from shale formations. The estimated market for recycling and the treatment of this water was $18 billion in 2011 and rapidly growing in 2012.

"ThermoEnergy's frack-water units are completely self-contained and can be deployed to multiple locations compared to many of our competitors who only sell stationary units," said ThermoEnergy Chairman and Chief Executive Officer, Cary Bullock.   "We expect to not only sell multiple frack-water units but also to provide recurring revenue services to our clients for a number of hydrofracking applications in oil and gas production."

The contract was awarded to ThermoEnergy following two highly successful pilot tests performed using ThermoEnergy mobile demonstration units.   The first demonstrated technology capable of upgrading local waters for use in fracking operations on a highly economical basis.   The second demonstrated technology for providing an improved and more cost effect approach for treating produced waters associated with oil and gas extraction.  

"ThermoEnergy's proprietary wastewater recovery technologies are particularly well suited for the recovery of frack-grade water from local aquifers as well as for the recovery and recycling of usable water from produced and flowback water created by the hydrofracking process," said Bullock. "These systems will provide major improvements in hydrofracking sustainability and cost efficiencies."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,122.01 +15.31 0.09%
S&P 500 2,000.12 +0.10 0.00%
NASDAQ 4,569.6210 -1.0160 -0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs