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

Ridgeline Launches Water Storage System

Water storage systems to be manufactured in Wyoming USA

CALGARY, Aug. 23, 2012 /PRNewswire/ - Ridgeline Energy Services Inc. ("Ridgeline" or the "Company") (TSXV: RLE, OTCQX: RGDEF, FSE: RL7) an energy services and water treatment company, today announced the launch of its Zero Evaporative Low Impact Storage System, known as "ZELISS". ZELISS is a further advancement of the ZIETS product announced by Ridgeline in November of 2011. ZELISS systems are being manufactured at Ridgeline's newly opened Deaver, Wyoming USA plant, located in north central Wyoming, near the Montana Stated Line.

Tony Ker, CEO of Ridgeline Energy Services, commented "We are very pleased to announce the launch of our own engineered and manufactured storage system. After over a year of research and direct input from our current clients, I feel that our storage system, which we call ZELISS, will lead applications in the oil and gas industry.

System Overview ZELISS is designed to be installed by two people using only a field grade forklift. ZELISS has the ability to eliminate evaporation, and is integrated with three of Ridgeline's water treatment processes. The main cell of the ZELISS system weighs less than 1300 U.S. Pounds, and the secondary containment is integral to the design. ZELISS is engineered to grow in "cells" and can be scaled up to store millions of gallons of water in a 100% sealed system, with an integrated secondary containment system. It can grow and contract in size daily or even hourly, if required, depending on storage demand, and capacities desired. ZELISS can be heated to temperatures in excess of 90 degrees Celsius, and operate in temperatures below minus 70 degrees Celsius.

Cost Breakthrough

ZELISS is substantially less costly to manufacture and install as compared to the common "steel pool" design. It also eliminates the use of cranes and pickers necessary to install older, obsolete designs. Tony Ker, CEO stated "We are very pleased with our cost of manufacture and assembly. We estimate that the cost of manufacturing will be 60 to 70% less than the cost of current steel "open top" or exposed surface tank designs."

Product Placement

"Ridgeline will deliver the first ZELISS system to our current customers in Texas, and we will also be utilizing ZELISS in a remediation project in California" stated Dennis M. Danzik Ridgeline Director of Engineering and Operations." "Initial reaction to ZELISS has been very strong and exciting. We expect rental revenues to start in September of this year."

Testing and Production

Ridgeline has been working on the development of ZELISS for nearly 14 months, which included customer input from several oil and gas firms, as well as comments and suggestions from some of Ridgeline's over 150 industrial waste water customers.

1 of 2

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

Markets

Chart of I:DJI
DOW 17,751.39 +121.12 0.69%
S&P 500 2,108.57 +15.32 0.73%
NASDAQ 5,111.7330 +22.5270 0.44%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs