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."
"The latest Ozonix® equipment purchase, licensing and manufacturing agreement with Brasil Clean Energy is a testament to Ecosphere and its competitive positioning in industry sectors outside of the oil and gas water treatment space," stated Dean Becker, Director and Intellectual Property Strategist for Ecosphere Technologies. "In 2009, Ecosphere and Fidelity National Environmental Solutions, LLC ("FNES") pioneered the treatment and recycling of produced and flowback waters with our patented Ozonix® technology, a patented, Ozone-based Advanced Oxidation Process (AOP) capable of treating 100% of the water required for hydraulic fracturing operations. Today, Ozonix® continues to be a game-changing product for the oil and gas industry, having been used on more than 1000 oil and natural gas wells around the United States, recycling over 4.5 billion gallons of water and continuing to offer customers a competitive and cost-effective advantage over the use of conventional chemicals that have a tough time dealing with the high bacteria loads we encounter when recycling these produced waters."Becker continued, "We are delighted to be working with Brasil Clean Energy and look forward to building a long-term relationship and partnership with them in Brazil." For more information on Ecosphere's patented Ozonix® technology, please visit http://www.ecospheretech.com/environmental-engineering-technologies/ozonix. To download a PDF brochure on Ecosphere's patented Ozonix® technology, please visit http://content.stockpr.com/esph2/db/Fact+Sheets/5854/file/04.23.2014_Ecosphere_Ozonix_Brochure_WEB.pdf About Brasil Clean Energy Brasil Clean Energy, headquartered in Balneario Camboriu, SC, was established with the objective to develop, implement and capture technologies for ensuring the sustainability of business enterprises through the application of different solutions, together or separately, involving between other, wastewater treatment, biogas generation and carbon dioxide, bioenergy cogeneration, water reuse, separation of solids and liquids, fluid heating, homogenization of mixtures and application of ozone, cavitation for disinfection and sterilization of water and other uses. For more information, please visit http://www.brasilcleanenergy.com.br/index.php# About Ecosphere Technologies Ecosphere Technologies, Inc. (OTCBB:ESPH) is a U.S. technology licensing and innovative manufacturing company that develops environmental solutions for global markets. We help industry increase production, reduce costs, and protect the environment through a portfolio of more than 35 patented and patent-pending technologies: Technologies like Ozonix® and Ecos PowerCube®, which are licensable across a wide range of industries and applications throughout the world.
For more information, please visit http://www.ecospheretech.comTo receive timely information on Ecosphere Technologies, sign up for Ecosphere's email news alert system at http://www.ESPH-IR.com. Cautionary Note Regarding Forward-Looking Statements. This press release contains forward-looking statements including our belief of future licenses with companies in the food and beverage industry. The words "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. We caution you therefore against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements include the effectiveness of the technology in the food and beverage industry, the reluctance of the food and beverage industry to accept our technology, and the ability to enter into agreements with other companies in the food and beverage industry. 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, 2013. 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.
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