STUART, Fla., Jan. 6, 2014 (GLOBE NEWSWIRE) -- Ecosphere Technologies, Inc. (OTCBB:ESPH), an innovative U.S. technology licensing and manufacturing company, today announced that Fidelity National Environmental Solutions ("FNES"), a company in which ESPH holds a 31% interest, has signed an exclusive technology licensing and equipment purchase agreement with Hydrosphere Energy Solutions, a Canadian Corporation, to deploy its patented Ozonix ® water treatment technology in the territory of Alberta and North East British Columbia, Canada. Under the terms of the agreement, Hydrosphere Energy Solutions is required to purchase:
- One (1) Ozonix ® EF10M unit for immediate delivery.
- Eight (8) Ozonix ® EF10 units within the first 12 months.
- One (1) Ozonix ® EF80 unit within the first 12 months.
- A minimum of two (2) Ozonix ® EF80's within 24 months following the delivery of the first purchased Ozonix ® units.