Omni Water Solutions Secures $4 Million in Additional Equity and Adds Former
FTS International CEO Marc Rowland to Board of Directors
AUSTIN, TX -- (Marketwired) -- 04/22/13 -- Omni Water Solutions,
Inc., a provider of highly automated mobile water systems for water
treatment and re-use, announced today it has secured $4 million in
additional equity from existing investors, led by Austin Ventures,
and has added former FTS International CEO, Marc Rowland, to its
Board of Directors. The new funding enables the company to add to its
HIPPO product line for strategic customers in the Permian Basin and
Eagle Ford Shale.
"Our investors strongly support our plan for growth and the new funds
will enable Omni to meet the demand we are seeing from customers in
the Texas shale plays," said Warren Sumner, CEO of Omni Water
Solutions. "In addition to the funding, we are excited about adding
Marc to our board. His global experience in exploration and
production and energy services complements our water treatment
expertise, and I look forward to working with him to realize the
vision we have for Omni."
Mr. Rowland has spent 35 years in the oil and gas industry and
currently manages Infinity Resources, a privately held exploration
and production company. He served as the CEO of FTS International,
Inc. (formerly Frac Tech International, LLC) from 2011 to 2012 and
its President and CFO from 2010 to 2011. Mr. Rowland was the CFO of
Chesapeake Energy Corporation from 1993 to 2010. He also serves on
several public, private, and non-profit boards in oil and gas,
banking, and the arts community. He is a Certified Public Accountant
and graduated from Wichita State University.
"Omni presents a compelling value proposition to oil and gas
operators who are looking for cost-effective treatment of water used
in drilling and hydro-fracturing," said Marc Rowland. "The company's
unique blend of water treatment technologies and software automation
is a winning approach for this industry."
Omni Water Solutions offers the HIPPO(R) mobile unit for oilfield
water treatment. These systems come equipped with the company's
patent-pending OctoZone(TM) technology, providing real-time sense and
respond automation that enables oil and gas operators to treat and
re-use produced water at a l
ower cost with more consistent results.
After treatment through the platform, the water can be re-used in
subsequent wells instead of lost to disposal.
About Omni Water Solutions
Omni Water Solutions is a provider of highly automated mobile water
systems for water treatment and re-use. Through its patent-pending
OctoZone(TM) technology, Omni's platforms are able to sense and
respond to constantly changing contaminant conditions in the field.
The result is consistent-quality output water that is tailored to
specified requirements at a cost that makes re-use affordable. Omni's
mobile water systems are easy to maintain and require minimal
training to operate. The company is based in Austin, Texas. Visit
omniwatersolutions.com for more information.
Omni Water Solutions
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