SOURCE: AbTech Holdings, Inc.

August 24, 2010 10:29 ET

AbTech Holdings Announces U.S. Coast Guard Validation of Smart Sponge® Technology Benefits for Use in Deepwater Horizon Oil Spill Response Effort

Clarus Capital Steps in With $100,000 Deployment Assistance Donation of Smart Sponge Products to Assist Stricken Gulf Region

SCOTTSDALE, AZ--(Marketwire - August 24, 2010) - AbTech Holdings, Inc. (OTCBB: ABHD) (the "Company") is pleased to advise that AbTech Industries, Inc. ("AbTech"), a leading environmental technologies firm and creator of the EPA-approved Smart Sponge® water filtration technology, has just announced that based on a scientific and peer review by the U.S. Coast Guard, AbTech's passive skimmer, absorbent boom and portable filtration applications were recently assessed as potentially beneficial to the Deepwater Horizon Response effort. This recognized designation has been forwarded by the U.S. Coast Guard to BP and Deepwater Horizon's Federal On-Scene Coordinator (FOSC) for final contract consideration.

AbTech also announced that it has formed strategic relationships with leading manufacturing, engineering and deployment partners in order to build immediate, large-scale response capabilities. Working in conjunction with BBG Restoration, L.L.C., a company specifically formed to meet the near and long-term recovery efforts needed in the Gulf, AbTech plans to meet rapid mass deployment needs to protect vital coastal waters. BBG Restoration is financially backed by Starwood Energy Group Global, L.L.C., a leading private equity firm focused on energy and power-related investments, and has the support of renowned environmentalist Robert F. Kennedy, Jr. 

Additionally, Clarus Capital Limited, a mergers and acquisitions advisor, announced its commitment to donate over $100,000 of AbTech's Smart Sponge products to support crucial oil spill recovery efforts being carried out in Louisiana's Plaquemines Parish. "Clarus has committed to making this donation to demonstrate the efficacy of the Smart Sponge, a technology developed in response to the Exxon/Valdez oil spill," stated John Carrington, managing partner of Clarus, adding that, "The Gulf tragedy has shown us all that a lack of preparedness for the immediate and massive deployment of proven technologies, such as the Smart Sponge, is no longer acceptable."

AbTech's Smart Sponge is a patented technology designed to filter, absorb, encapsulate, and solidify petroleum hydrocarbons on contact, yielding immediate, visible results; helping to mitigate environmental damage; and providing direct and sustainable recovery for affected communities. Each unit of Smart Sponge absorbs, on average, 3.5 times its weight in oil which it will not release under any amount of pressure. Smart Sponge absorbent material is buoyant, non-toxic, and can be burned as a waste-to-energy fuel source.

"We have been working hard for several months to get our Smart Sponge water filtration technology into the Gulf of Mexico," says Glenn Rink, president of AbTech. "Now that our technology has been deemed beneficial by the U.S. Coast Guard, our hope is to see Smart Sponge deployed as a part of the ongoing oil spill clean-up efforts as soon as possible." 

In addition to traditional oil spill remediation technologies, including booms and skimmers, AbTech's Smart Sponge is available in several filtration system applications, including portable filtration boxes that can be fitted to any size boat. Smart Sponge is a proven, low-maintenance technology that is currently installed in more than 15,000 locations globally, including installations at the United States Capitol Building, and multiple U.S. military installations. For additional information, please visit www.abtechindustries.com

About Abtech Holdings, Inc. (OTCBB: ABHD)
Details about the pending merger transaction between the Company and AbTech and about the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database.

About AbTech Industries, Inc.
AbTech Industries has been a privately held company since its founding over a decade ago as a startup R&D venture. AbTech Industries' operations have been funded by over $20 million dollars invested to-date. Its patented Smart Sponge® technology is a unique and innovative chemically selective polymer technology capable of removing hydrocarbons, sediment and other foreign elements from still (ponds, lakes and marinas) or flowing water (curbside drains, pipe outflows, rivers and oceans). The product is installed in over 13,000 locations across America and in 8 foreign countries. AbTech Industries is currently working on a variety of efforts to deploy its technology in the Gulf of Mexico and throughout the US public sector and DOD markets. For more information please visit: www.abtechindustries.com.

About Clarus Capital Limited
CLARUS CAPITAL LIMITED ("Clarus") is a mergers and acquisitions advisory firm focused on companies representing high growth potential. Clarus leverages its global network of strategic allies towards providing assistance in the areas of public listing, operational/aftermarket support, capital raises, and strategic advisory services. The team at Clarus has successfully advised clients from across a diverse arena of commercial activities including clean-technologies, consumer-product industries and resource sector opportunities. Clarus offers its global expertise to prepare companies for the public markets not only in the U.S. but also in Frankfurt, London, and Hong Kong.

About Starwood Energy Group, L.L.C
STARWOOD ENERGY GROUP GLOBAL, L.L.C. ("Starwood Energy"), an affiliate of Starwood Capital Group Global, L.L.C. ("Starwood Capital"), is a private equity investment firm based in Greenwich, CT, that specializes in energy infrastructure investments. Founded in 2005, Starwood Energy is an active investor in power generation, renewable energy and high-voltage power transmission projects in North America. Starwood Energy has a portfolio of seven natural gas fired power generation plants including Starwood-Midway, a natural-gas fired peaking power plant recently commissioned in California, a portfolio of high-voltage power transmission projects in various phases of development and operations, and a growing portfolio of solar power generation projects. 

Regarding information in this news release
This release contains information which has been publicly disclosed by AbTech, and is being provided by the Company solely for informational purposes in light of the previously announced merger agreement between the Company and AbTech. Because complete public information regarding the history, business, management, financial condition and results of operations of AbTech will not be available unless and until the conditions to the previously announced merger transaction between the Company and AbTech Industries have been satisfied and the merger has been completed, the information in this release should not be relied upon for purposes of any investment decision with respect to the purchase or sale of stock of AbTech Holdings.

Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

ON BEHALF OF THE BOARD

Abtech Holdings, Inc.
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 Mandi Luis, President

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