This Day On The Street
Continue to site right-arrow
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!

Ecosphere Technologies Receives 7th U.S. Patent To Eliminate Scaling Chemicals For Hydraulic Fracturing Oil And Gas Wells

Stocks in this article: ESPH

STUART, Fla., May 22, 2014 (GLOBE NEWSWIRE) -- Ecosphere Technologies, Inc. (OTCBB:ESPH), a U.S. technology licensing and innovative manufacturing company, today announced that the U.S. Patent and Trademark Office has issued a formal Notice of Allowance for Patent # 8,721,898 which is a process patent for lowering the scaling tendencies in flowback water used in the exploration and production of oil and natural gas wells. This notice of allowance marks the seventh patent issued by the U.S. Patent and Trademark Office since 2010 for Ecosphere's patented Ozonix® water treatment technology.

Since 2008, Ecosphere's patented Ozonix ® technology has been used by major energy exploration and production companies around the United States to reduce the amount of chemicals used during hydraulic fracturing operations to release trapped oil and gas from unconventional shale formations. In 2013, the chemicals and equipment sub-markets of the global water and wastewater treatment market were estimated at over $25 billion and $50 billion, respectively, further validating the market demand for innovative chemical-free water treatment solutions.

Dennis McGuire, Chairman and CEO of Ecosphere Technologies, stated, "The latest receipt of our seventh Ozonix ® patent clearly demonstrates that the U.S. Patent Office has recognized our early position as being a leader in the development of emerging advanced oxidation technologies to replace chemicals used during hydraulic fracturing operations. Since 2008, Ecosphere Technologies has pioneered a unique and patented ozone based Advanced Oxidation Process (AOP) to eliminate biocides and scale inhibiting chemicals from the hydraulic fracturing process. Our energy customers have experienced reduced chemical consumption, increased initial well productivity (IP), and reduced chemical costs to frac a well as compared to using traditional chemicals. Microbiologically Induced Corrosion (MIC) is a major concern in the energy business and is a leading expense item in refinery operations."

McGuire continued, "When we met one of our first energy customers in 2009, they were injecting their produced water into deep underground Class II injection wells. We showed them how to recycle a major portion of that produced water rather than disposing of it. Ecosphere pioneered the concept of recycling produced and flowback water without using liquid chemicals or filtration technologies that leave behind a toxic waste stream that has to then be properly disposed of. One hundred percent of the produced water that is treated by our patented Ozonix® process can be used 'at the frac site' and at the flow rate of a frac (80-120 bbls per minute) to frac a well."

1 of 2

Select the service that is right for you!

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 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • 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