This Day On The Street
Continue to site
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

Ecosphere Technologies Announces Technology Licensing Agreement With Brasil Clean Energy

STUART, Fla., July 15, 2014 (GLOBE NEWSWIRE) -- Ecosphere Technologies, Inc. (OTCBB:ESPH), a U.S. technology licensing and innovative manufacturing company, today announced that it has signed an exclusive technology licensing and equipment purchase agreement with Brasil Clean Energy, a Brazilian environmental services company, to deploy its patented Ozonix® water treatment technology for the Food and Beverage industry in Brazil.

Under the terms of the agreement in order to maintain exclusivity, Brasil Clean Energy is required to purchase a minimum of $5 million worth of Ozonix® equipment during the next two years, plus a royalty payment based on usage or revenue, with a minimum amount earned per machine. Brasil Clean Energy has funded the purchase of its first Ozonix® water treatment system and manufacturing has begun at Ecosphere's corporate headquarters in Stuart, Florida.

George Chapas, Director of New Business Development for Ecosphere Technologies, stated, "Brasil Clean Energy is one of our newest Ozonix® technology licensing partners, and we have been cultivating and working closely with them for over a year on the feasibility of introducing our patented Ozonix® technology into the Food and Beverage industry in Brazil."

Chapas continued, "This agreement marks the beginning of our expansion outside of the oil and gas market and demonstrates continued demand for a cost-effective, patented and proven solution for replacing chemical biocides and managing the large volumes of water required for a wide variety of industrial processes. We expect that several international companies will soon recognize the benefits of Ecosphere's patented Ozonix® technology for the Food and Beverage industry, resulting in additional Ozonix® licenses that are currently available for numerous other countries and regions around the world."

Magno Damasceno, Founder and CEO of Brasil Clean Energy, said, "We are excited to exclusively license Ecosphere's patented Ozonix® technology for the Food and Beverage industry in Brazil. We look forward to providing our clients' with high-volume, chemical-free water treatment and recycling services in a cost effective, safe and environmentally sound manner.  We believe this is the best available technology in the world and look forward to offering innovative water management solutions to our clients' using Ecosphere's patented Ozonix® technology as Ecosphere has been able to position itself as a market leader in the water treatment and disinfection space."

1 of 3

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.18 1.64%
FB $117.43 -0.96%
GOOG $692.36 -0.84%
TSLA $232.32 -3.92%
YHOO $36.01 -1.42%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs