SOURCE: Ecosphere Technologies, Inc.

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July 23, 2015 07:30 ET

Sea of Green Systems Announces Sale of Ecos GrowCube™ Equipment

STUART, FL--(Marketwired - July 23, 2015) - Ecosphere Technologies, Inc. (OTCQB: ESPH), a technology development and intellectual property licensing company, today announced that on July 17, 2015, Sea of Green Systems, Inc. ("SOGS"), a wholly-owned subsidiary of Ecosphere, sold $1.3M worth of Ecos GrowCube™ equipment to Waveseer Properties, LLC ("Waveseer"). On July 20, 2015, SOGS received a 50% deposit from Waveseer to begin the manufacturing process and expects to deliver its Ecos GrowCube™ equipment to Waveseer in approximately 120 days.

The Ecos GrowCube™, designed, engineered and manufactured by Ecosphere in Stuart, Florida, is a turn-key, fully-automated hydroponic growing structure that is made in the USA. An Ecos GrowCube™ utilizes hydroponic growing techniques in addition to SOGS proprietary Top Feed, Deep Water Culture (DWC) and Bubbleponic growing technologies to maximize the quality and yield of each plant and crops as a whole. Ecosphere's multi-patented Ozonix® water treatment technology is used to condition influent water, kill bacteria and micro-size nutrients for better plant respiration and uptake while precision sensors are used to monitor and control all of the limiting factors of a plant's growth cycle, such as water, light, nutrient levels, root/canopy temperature(s), oxygen levels at the roots, PH, EC, Oxygen Reduction Potential (ORP), CO2 and more. Fully-automated by a Programmable Logic Controller (PLC) and SOGS proprietary user-interface and software, growers can remote monitor and control their Ecos GrowCube™ from anywhere in the world via an internet connection and/or any internet enabled device such as an iPad or iPhone.

"On average, agriculture growing operations consume approximately 70 percent of the world's fresh water supply," said Dennis McGuire, Chairman and CEO of Ecosphere Technologies, Inc. "The world's farmlands are also becoming stressed as a result of over farming, global warming, and the ongoing encroachment of industrial processes. The Ecos GrowCube™ offers hydroponic growers the ability to use less land and water, produce more crops per year and grow higher quality crops per square foot of land. Growers can now optimize all of the variables and functions of an indoor agricultural operation 24/7/365 to increase the quality and yields of their crops using intelligent equipment and software that has been specifically designed by SOGS to make hydroponic growing operations more efficient and profitable at the same time."

McGuire added, "We are looking forward to delivering this first equipment order to the Waveseer group and for the continued adoption of our Ecos GrowCube™ technology and equipment in the agricultural industry."

For more information on SOGS Ecos GrowCube™ technology, please visit http://www.ecospheretech.com/environmental-engineering-technologies/ecos-growcube

About Ecosphere Technologies
Ecosphere Technologies, Inc. (OTCQB: ESPH) is a technology development and intellectual property licensing company that develops environmental solutions for global water, energy and industrial markets. We help industry increase production, reduce costs, and protect the environment through a portfolio of unique, patented technologies: technologies like Ozonix®, the Ecos PowerCube® and our recently announced Ecos GrowCube™, which are available for exclusive and nonexclusive licensing opportunities across a wide range of industries and applications throughout the world.

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

About Sea of Green Systems
Sea of Green Systems, Inc., a wholly-owned subsidiary of Ecosphere Technologies, owns the global distribution rights to Ecosphere's patent-pending Ecos GrowCube™ technology in addition to Ecosphere's multi-patented Ozonix® water treatment and nutrient micro-mixing technology for all hydroponic related applications globally.

To 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 the expected delivery date of the Ecos GrowCube. 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 delays in receipt of components from suppliers.

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.

Contact Information

  • Contacts
    Investor Relations:
    Shawn Severson
    The Blueshirt Group
    Phone: (415) 489-2198
    E-mail: shawn@blueshirtgroup.com

    Company, Press and Media Relations:
    Corey McGuire
    Director of Marketing
    Ecosphere Technologies, Inc.
    Phone: (772) 287-4846
    E-mail: cmcguire@ecospheretech.com