SOURCE: Ecosphere Technologies, Inc.

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November 03, 2014 09:49 ET

Ecosphere Technologies Announces Delivery of Second Ozonix® EF10M Unit to Fidelity National Environmental Solutions for HydroSphere Energy Solutions

STUART, FL--(Marketwired - November 03, 2014) - Ecosphere Technologies, Inc. (OTCQB: ESPH), a U.S. technology licensing and innovative manufacturing company, today announced that Fidelity National Environmental Solutions ("FNES"), a company in which ESPH holds a 31% interest, has accepted delivery of a second Ozonix® EF10M water treatment system for HydroSphere Energy Solutions ("HydroSphere"), a sub-licensee of FNES for its patented Ozonix® water treatment technology in the territory of Alberta and North East British Columbia, Canada. To date, ESPH has manufactured and delivered approximately 42 Ozonix® mobile, water treatment units for its customers in the Energy market.

Robbie Cathey, CEO of FNES, stated, "It is great to see our Canadian licensee HydroSphere taking delivery of their second Ozonix® EF10M piece of equipment. We are very encouraged by HydroSphere's early success in the Canadian market. HydroSphere is getting the same great results treating produced waters, especially with regards to H2S (Hydrogen Sulfide) treatment, that we have been providing for our customers in the United States, since 2009. We believe the Ozonix® process is the best available technology to treat hydraulic fracturing fluids, including flowback and produced waters, for bacteria, scale and H2S."

Scott Donahue, CEO of HydroSphere, stated, "HydroSphere has now completed several on-site sour water treatment jobs reducing H2S concentrations of up to 12,000 ppm to 0 ppm (non detectable). Our client has estimated their net savings are in excess of $100,000 per well, including savings from re-using the treated water in subsequent fracs."

Donahue continued, "HydroSphere can also reduce the need for harmful chemical additives to the water. And, unlike other water treatment technologies, the Ozonix® technology is very rapid and leaves no residues. We are very excited about receiving our second Ozonix® EF10M system and getting it out to our customers as soon as possible. We expect to order more Ozonix® units in the very near future."

Dennis McGuire, Chairman and CEO of Ecosphere Technologies, stated, "The latest equipment delivery for HydroSphere continues to demonstrate Ecosphere and FNES's competitive positioning in the oil and gas water treatment space. Since 2009, Ecosphere and FNES have pioneered and led the treatment and recycling of produced and flowback waters at the well site with our multi-patented Ozonix® technology, a chemical-free, Advanced Oxidation Process (AOP) capable of treating 100% of the water required for hydraulic fracturing operations."

McGuire continued, "Today, Ozonix® continues to be a game-changing product for the oil and gas industry, having been used on approximately 1,200 oil and natural gas wells around the United States and Canada, treating and recycling approximately 5 Billion gallons of water and continuing to offer customers a competitive and cost-effective advantage over the use of conventional, liquid chemicals. As a result, our patented Ozonix® technology has been field-proven in all major shale plays including but not limited to the Fayetteville, Haynesville, Woodford, Eagle Ford, Bakken, Marcellus and Permian Basin."

Ecosphere's patented Ozonix® technology is protected by U.S. Patent No's. 7,699,994; 7,699,988; 7,785,470; 7,943,087; 8,318,027; 8,721,898; with Numerous Patents Pending and can be licensed through ICAP Patent Brokerage, the world's largest intellectual property brokerage firm, for specific field-of-use applications around the world.

For more information on Ecosphere's patented Ozonix® technology, please visit http://www.ecospheretech.com/environmental-engineering-technologies/ozonix

For more information on the Ozonix® EF10M water treatment system, please visit http://www.ecospheretech.com/divisions/fidelity-national-environmental-solutions/wastewater-treatment-frac-tanks/ecosphere-ef10-m

For more information on Licensing Opportunities for Ecosphere's patented Ozonix® technology, please visit http://www.ecospheretech.com/environmental-engineering-technologies/licensing-opportunities.

About Fidelity National Environmental Solutions
Fidelity National Environmental Solutions, LLC, a leading water treatment provider to the energy services sector, has an exclusive field-of-use license to Ecosphere's patented Ozonix® technology for global energy applications including, but not limited to, onshore and offshore oil and natural gas exploration and production, power generation, refineries and coal. FNES currently provides energy exploration companies with mobile wastewater treatment equipment to eliminate harmful chemicals from hydraulic fracturing operations around the United States.

For more information, please visit http://www.ecospheretech.com/divisions/fidelity-national-environmental-solutions.

About HydroSphere Energy Solutions
HydroSphere Energy Solutions (Canada) Corp. is an exclusive sub-licensed partner to Fidelity National Environmental Solutions ("FNES"), with a strong management team bringing over 80 years of combined oilfield service experience. HydroSphere is well positioned and excited to introduce the Ozonix® technology to Canada, and provide a solution to one of the biggest needs within the hydraulic fracturing industry.

For more information, please visit http://www.hydrospherecorp.ca

About Ecosphere Technologies
Ecosphere Technologies, Inc. (OTCQB: 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 our Ecos PowerCube®, which are licensable across a wide range of industries and applications throughout the world.

For more information, please visit http://www.ecospheretech.com

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