STUART, Fla., Oct. 4, 2012 (GLOBE NEWSWIRE) -- Ecosphere Technologies, Inc. (OTCBB:ESPH), a diversified water engineering, technology licensing and environmental services company, today announced that the Company and its majority-owned subsidiary, Ecosphere Energy Services, LLC, completed manufacturing, acceptance and delivery of two Ozonix EF80 units to Hydrozonix, LLC in the third quarter of 2012. Additionally, Ecosphere received the purchase order for units 11 and 12 from Hydrozonix. The Company has commenced production of units 11 and 12, and expects them to be delivered in the fourth quarter of 2012.
"I am pleased to announce another delivery to Hydrozonix under our long-term contract," stated Charles Vinick, Chairman and CEO of Ecosphere Technologies. "Hydrozonix now has ten Ozonix EF80 units for their U.S. oil and gas exploration customers, eliminating biocides and scale inhibitors as well as enabling 100% recycling of flowback and produced waters."
Vinick further stated, "Since initiating our license agreement, Hydrozonix has treated more than 14 million barrels (nearly 600 million gallons) of water using Ecosphere's patented chemical-free Ozonix technology. With Hydrozonix, we are well-positioned to continue our growth strategy."About Ecosphere Technologies Ecosphere Technologies, Inc. (OTCBB:ESPH) is a diversified water engineering, technology licensing and environmental services company that designs, develops, and manufactures wastewater treatment technologies for a variety of industrial markets. The Company provides environmental services and technology solutions for large-scale, sustainable applications across industries, nations and ecosystems. Ecosphere is currently driving clean water innovation with its patented Ozonix advanced oxidation technologies and mobile, low-maintenance water treatment systems. Ecosphere's patented Ozonix technology is a high-volume, advanced oxidation process designed to recycle water while reducing liquid chemicals used during water treatment applications. A recipient of Frost & Sullivan's 2012 North American Product Leadership Award in Disinfection Equipment for Shale Oil and Gas Wastewater Treatment, Ecosphere has enabled oil and gas customers to recycle and reuse over 2 billion gallons of water on approximately 600 oil and natural gas wells in major shale plays around the United States since 2008.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV