Ecosphere Technologies Selected As American Technology Award Winner In The Clean Tech/Green Tech Category

STUART, Fla., June 21, 2013 (GLOBE NEWSWIRE) -- Ecosphere Technologies, Inc. (OTCBB:ESPH), a water engineering, technology licensing and innovative U.S. manufacturing company, announced it has been named the winner in the Clean Tech/Green Tech category for the 2013 TechAmerica Foundation American Technology Awards (ATAs). The ATAs cross the technology industry recognizing products and services like Ecosphere's patented Ozonix® technology for the treatment and recycling of water used during oil and gas exploration and production.
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"The Ecosphere team deserves a huge round of applause for their excellence in this category. This was an incredibly competitive category and it was clear that the hard work and late nights of this team paid off," said Shawn Osborn, Chairman of the TechAmerica Foundation. "We appreciate how outstanding work like this furthers innovation in the U.S."

The awards were determined on the basis of a thorough evaluation by industry experts and technology leaders.

The ATAs were presented at last night's Technology and Government gala dinner held at the Ronald Reagan Building - the premier Washington, D.C. technology networking event - featuring a keynote address from Honeywell Chairman and CEO, Dave Cote. 

"We are honored to be recognized by the TechAmerica Foundation and selected as the 2013 American Technology Award Winner in the clean tech/green tech category," said Dennis McGuire, Chairman and Chief Executive Officer of Ecosphere Technologies. "Ecosphere's patented Ozonix® water treatment technology has and will continue to have a growing positive impact on the environment while helping our customers reduce costs, increase treatment efficiencies and eliminate liquid chemicals from their wastewater treatment operations."

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. 

Since December 2008, Ecosphere's patented Ozonix® technology has been used by major oil and gas operators to treat, recycle and reuse approximately 3 billion gallons of water on more than 740 oil and natural gas wells in major shale plays around the United States.

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

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 2013 American Technology Award - "Clean Tech/Green Tech" category and the 2012 Frost & Sullivan North American Product Leadership Award in Disinfection Equipment for Shale Oil and Gas Wastewater Treatment. In addition, Ecosphere has been chosen for the Artemis "Top 50 Water Tech" Listing for the last three consecutive years.

For more information, please visit  www.EcosphereTech.com.

About the TechAmerica Foundation

The TechAmerica Foundation educates industry executives, policy makers and opinion leaders on the promise of technological innovation to advance prosperity, security and the general welfare. Launched in 1981, the Foundation is a 501c(3) non-profit, non-partisan affiliate of TechAmerica, which is the leading voice and resource for the U.S. technology industry. The Foundation disseminates award-winning industry, policy and market research covering topics such as U.S. competitiveness in a global economy, innovation in government, and other areas of national interest. It also organizes conferences and seminars to explore pertinent issues with government and industry representatives and to share the Foundation's findings. Learn more about TechAmerica Foundation at www.techamericafoundation.org .

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         gary.dvorchak@icrinc.com                  Press and Media Relations:         Brian Ruby         Vice President         ICR, Inc.         +1 (203) 682-8268         brian.ruby@icrinc.com                  Company:         Corey McGuire         Director of Marketing         Ecosphere Technologies, Inc.         +1 (772) 287-4846         cmcguire@ecospheretech.com                  TechAmerica Foundation:         Stephanie Craig         202-682-4443         Stephanie.craig@techamericafoundation.org

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