SOURCE: HII Technologies, Inc.

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July 31, 2014 08:00 ET

HII Technologies, Inc. Announces Commercialization of New Onsite Waste Water Service Using Innovative Evaporation Technology

AES Water Solutions Receives Order for Several Landshark® Evaporation Systems for a Major E&P Company at Its Well Site

HOUSTON, TX--(Marketwired - July 31, 2014) - HII Technologies, Inc. (OTCQB: HIIT) ("HII" or the "Company"), symbol HIIT (OTCQB), an oilfield services company headquartered in Houston, Texas, today announced that its frac water management subsidiary AES Water Solutions was awarded a contract with a major E&P company to provide onsite waste water services using an innovative evaporation technology. AES Water Solutions will deploy at least four Landshark Evaporation Systems, a product of Resource West, Inc., with a combined capacity to evaporate approximately 5,000 barrels of waste water per day at an oilfield operator's site located in the Southwest United States.

The oil and gas industry produces approximately 50 million barrels of waste water in the U.S. per day according to a July 2013 Frackwire report. The volume continues to grow as more wells come online from conventional and non-conventional formations generating more produced water and post-frac flow back waste water. The evaporation technology, originally developed for the mining industry, uses high volume blowers evaporating the waste water over the pits and ponds where the water currently resides. Through calibrated equipment, and automated weather/wind shutoff controls, the water evaporates and the solids fall into the pit/pond for final removal.

Mr. Brent Mulliniks, President of AES Water Solutions and a former E&P Frac Engineer, stated, "Traditionally, oilfield operators have utilized large 120 barrel size waste water transport trucks to remove the water from well site location typically to disposal wells. A typical pit could hold 50 to 75 thousand barrels of flow back and waste water. The transportation of oilfield waste water in our opinion is expensive and disruptive to local communities including issues with truck traffic, destruction of local county roads and the current perception of deep waste water well injection causing other issues." Mr. Mulliniks continued, "Our technology partner Resource West has developed a proprietary evaporation system that allows operators to rapidly evaporate their waste water onsite cheaper for the customer than the alternative of trucking and disposal."

"Frac water management and treatment is a core competence of our company," said Mr. Billy Cox, Vice President of AES Water Solutions. "We can avoid operating water hauling trucks and disposal wells and instead offer innovative technologies that address the frac water issues onsite." Mr. Cox continued, "This contract signifies a milestone in commercializing this evaporation service in what we believe is a large and growing opportunity to deploy this equipment as a service for oil and gas companies to treat waste water onsite. We believe our customers can save 35% to 40% compared to costs associated with the water transport methods, while reducing transportation and disposal issues with an environmentally friendly solution."

AES Water Solutions has an exclusive agreement with its technology partner to purchase waste water evaporators and offer it as a service to oilfield operators within the states it operates. The customer is a major domestic E&P operator and this particular job is currently estimated to conclude at the end of September 2014 generating an anticipated $120 thousand a month in revenues. The company anticipates significant growth in is frac water management business including newer technologies being deployed such as frac water evaporation.

About Resource West, Inc.

Based in Grand Junction Colorado, Resource West was founded in 2006 by Jack Hays, CEO who identified a need to for clients to evaporate water and help reduce the costs of disposal fees. Today, Resource West specializes in industrial evaporators to evaporate wastewater, production water, food processing, power generation and storm runoff. We also specialize in large capacity fluid storage tanks, ranging from 9,000 bbls to 51,000 bbls of capacity. Resource West also designs and manufactures SMJ Fans, a line of industrial fans and ventilation equipment used in the mining and power generation. We provide custom axial flow fans, scrubber systems and accessories for a wide range of applications. Our permissible fans and custom shop for manufacturing equipment and restraints are full MSHA approved. Resource West extends service beyond simply supplying products. We pride ourselves on our quality service and support to continually improve our products with the newest, most efficient and reliable innovations. Our goal is to optimize and maximize your operations. We work to identify saving through improved product life, reduced maintenance costs and reduce energy consumption, all combined to improve your bottom line. Above all, service with safety is our highest priority. We've developed an extensive network of value-added services and pride ourselves on unmatched service, safety and support. Read more at www.ResourceWest.net

About HII Technologies, Inc.

HII Technologies, Inc. (OTCQB: HIIT) is a Houston, Texas based oilfield services company with operations in Texas, Oklahoma, Ohio and West Virginia. By focusing on the critical service areas of Water, Safety and Power, the Company is positioned to take advantage of the significant anticipated growth in horizontal drilling and hydraulic fracturing within the United States' active shale and unconventional "tight oil" plays. The Company's frac water management division does business as AquaTex and AES Water Solutions, its onsite oilfield contract safety consultancy does business as AES Safety Services, and its mobile oilfield power subsidiary does business as South Texas Power (STP). The holding company, HII Technologies' objective is bring proven technologies to these operating divisions to build a long-term competitive advantage for its stakeholders. Read more at www.HIITinc.com, www.AquaTexUSA.com, www.AESwatersolutions.com, www.AESSafetySolutions.com and www.Oilfield-Generators.com.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements as to matters that are not of historic fact are forward-looking statements. These forward-looking statements are based on HII's current expectations, estimates and projections about HII, its industry, its management's beliefs and certain assumptions made by management, and include statements regarding estimated capital expenditures, future operational and activity expectations, international growth, and anticipated financial performance in 2014. No assurance can be given that such expectations, estimates or projections will prove to have been correct. Whenever possible, these "forward-looking statements" are identified by words such as "expects," "believes," "anticipates" and similar phrases.
Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict, including, but not limited to: risks that HII will be unable to achieve its financial, capital expenditure and operational projections, including quarterly and annual projections of revenue and/or operating income and risks that HII's expectations regarding future activity levels, customer demand, and pricing stability may not materialize (whether for HII as a whole or for geographic regions and/or business segments individually); risks that fundamentals in the U.S. oil and gas markets may not yield anticipated future growth in HII's businesses, or could further deteriorate or worsen from the recent market declines, and/or that HII could experience further unexpected declines in activity and demand for its hydraulic frac related water transfer business, its safety consultancy business or its generator and related equipment rental service businesses; risks relating to HII's ability to implement technological developments and enhancements; risks relating to compliance with environmental, health and safety laws and regulations, as well as actions by governmental and regulatory authorities; risks that HII may be unable to achieve the benefits expected from acquisition and disposition transactions, and risks associated with integration of the acquired operations into HII's operations; risks, in responding to changing or declining market conditions, that HII may not be able to reduce, and could even experience increases in, the costs of labor, fuel, equipment and supplies employed and used in HII's businesses; risks relating to changes in the demand for or the price of oil and natural gas; risks that HII may not be able to execute its capital expenditure program and/or that any such capital expenditure investments, if made, will not generate adequate returns; and other risks affecting HII's ability to maintain or improve operations, including its ability to maintain prices for services under market pricing pressures, weather risks, and the impact of potential increases in general and administrative expenses.
Because such statements involve risks and uncertainties, many of which are outside of HII's control, HII's actual results and performance may differ materially from the results expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Other important risk factors that may affect HII's business, results of operations and financial position are discussed in its most recently filed Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and in other Securities and Exchange Commission filings. Unless otherwise required by law, HII also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. However, readers should review carefully reports and documents that HII files periodically with the Securities and Exchange Commission.

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