STUART, Fla., June 19, 2013 (GLOBE NEWSWIRE) -- Ecosphere Technologies, Inc. (OTCBB:ESPH), a water engineering, technology licensing and innovative U.S. manufacturing company, today announced its newest product, the Ozonix® EF10M. The EF10M comes as an addition to Ecosphere's highly successful line of Ecos-Frac® mobile water treatment products that have been used to treat and recycle over 3 billion gallons of water on more than 740 oil and natural gas wells around the United States. Ecosphere's new Ozonix® modular frac tank system has been designed with the operator in mind, featuring a "plug-and-play" Ozonix® water treatment system that can be used in conjunction with a custom 500 barrel frac tank and easily removed for installations that require an even smaller footprint. The Ozonix® EF10M is capable of processing 10 barrels per minute or more than 600 thousand gallons of water per day. Dennis McGuire, Chairman and Chief Executive Officer of Ecosphere Technologies, stated, "We are bringing the Ozonix® EF10M to market to address the need for a self-contained, small-footprint, high-rate water treatment system that can be used for a wide range of oil-field water treatment scenarios. The modular Ozonix® system that we have specifically developed for the new EF10M frac tank can be used to disinfect water at the well site, placed at a centralized water recycling facility or removed from its on-board water storage tank to recycle water at Class II disposal wells and fixed-based water treatment facilities." In the United States alone, there are approximately 150,000 Class II oil and gas related injection wells that inject over 2 billion gallons of brine and other petroleum industry waste fluids each day. Ecosphere Energy Services, a company that Ecosphere Technologies is the largest owner of, plans to expand its customer base to include injection well owners, 50,000 of which are located in Texas.
Robert Cathey, CEO of Ecosphere Energy Services, stated, "We look forward to taking delivery of the very first Ozonix® EF10M that is currently under construction at Ecosphere's U.S. manufacturing facilities. The EF10 has been a staple product for us since 2008, used to treat hundreds of wells in the Fayetteville Shale area of Arkansas. It has undoubtedly validated the technology's effectiveness and our ability to deliver a quality service to our customers. We look forward to bringing this next generation, Ozonix® modular frac tank system to our customers in the oil and natural gas industry, including but not limited to exploration and production companies, service providers and injection well operators."Ozonix® Technology Features and Benefits
- Eliminates chemicals
- Provides rapid on-site water reclamation
- Oxidizes contaminates, killing bacteria "on-the-fly"
- Eliminates waste byproducts and residual pollutants
- Eliminates separation, transportation & disposal costs
- Requires minimal mobilization and demobilization
- High volume capability allows for quick turnaround time and efficient utilization
- Ozonix® is environmentally safe - preserves vital natural water resources for current & future generations
Further information on our risk factors is contained in our filings with the SEC, including our Form 10-K for the year ended December 31, 2012. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.About Ecosphere Technologies Ecosphere Technologies, Inc. (OTCBB:ESPH) is a water engineering, technology licensing and innovative U.S. manufacturing company that develops environmental water treatment solutions for industrial markets throughout the world. The Company is a leader in emerging advanced oxidation processes and has an extensive portfolio of intellectual property that includes five United States patents for the Ecosphere Ozonix® process. The patented Ecosphere Ozonix® process is a revolutionary 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. Since 2008, Ecosphere has enabled oil and gas customers to treat, recycle and reuse over 3 billion gallons of water on more than 740 oil and natural gas wells in major shale plays around the United States. Ecosphere was chosen by Bloomberg as a 2013 New Energy Pioneer and selected by IHS CERAWeek as a 2013 Energy Innovation Pioneer. Ecosphere is also a recipient of the 2012 Frost & Sullivan North American Product Leadership Award in Disinfection Equipment for Shale Oil and Gas Wastewater Treatment. For more information, please visit www.EcosphereTech.com. To receive timely information on Ecosphere Technologies, sign up for Ecosphere's email news alert system at http://www.ESPH-IR.com.
CONTACT: Investor Relations: Gary Dvorchak, CFA Senior Vice President ICR, Inc. +1 (310) 954-1123 firstname.lastname@example.org Press and Media Relations: Brian Ruby Vice President ICR, Inc. +1 (203) 682-8268 email@example.com Company: Corey McGuire Director of Marketing Ecosphere Technologies, Inc. +1 (772) 287-4846 firstname.lastname@example.org