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NEW YORK, April 22, 2013 (GLOBE NEWSWIRE) -- Bloomberg New Energy Finance, the definitive source of insight, data and news on the transformation of the energy sector, today announced Ecosphere Technologies, Inc., a water engineering, technology licensing and innovative U.S. manufacturing company, as a 2013 New Energy Pioneer. The winners were recognized on stage at the sixth annual Bloomberg New Energy Finance Summit in New York City.
"We are very proud to be a recipient of Bloomberg's prestigious New Energy Pioneer Award," said Dennis McGuire, Founder and Chief Executive Officer of Ecosphere Technologies. "This award is further recognition and validation of Ecosphere's patented Ozonix® technology and our ability to cost-effectively treat and recycle wastewater for the oil and gas industry without the use of harmful chemicals."
McGuire continued, "Demand for wastewater treatment continues to grow within the oil and gas industry, and because water treatment is a critical component to many industries globally, including mining, municipal and other energy-related industries, we anticipate strong demand for our technology and continued growth for our company in the oil and gas industry and as we expand into other industries."
Ecosphere's patented Ozonix® technology is a revolutionary, chemical-free advanced oxidation process that is currently being used by energy exploration companies to reduce costs, increase treatment efficiencies and eliminate liquid chemicals from wastewater treatment operations around the United States. In the oil and natural gas industry, the unique value proposition for Ozonix® is that it not only allows operators to replace liquid chemical biocides and scale inhibitors on the front end of a hydraulic fracturing operation but also allows them to treat, recycle and re-use 100% of the flowback and produced waters on the back end, saving millions of gallons of water at each well site and eliminating the need for deep well injection disposal of this valuable resource.