Oasys Water Culminates Year with New Partnerships and Sale of World’s Largest, Most Capable Forward Osmosis System

  Oasys Water Culminates Year with New Partnerships and Sale of World’s
  Largest, Most Capable Forward Osmosis System

Business Wire

BOSTON -- December 12, 2013

Oasys Water, a world leader in innovative solutions for water treatment and
desalination, today announced that they have recently signed an exclusive
sales agreement with National Oilwell Varco, L.P. (NOV), a leading global
provider of equipment and services used in the oil and gas market.

The agreement makes NOV the exclusive licensee of the Oasys Membrane Brine
Concentrator (MBC) technology in global upstream oil and gas for produced
water treatment. Together, NOV and Oasys will combine NOV’s world-class
operational and service capabilities with Oasys’ industry-leading technology
to deliver unparalleled water reuse solutions into the growing global produced
water market. The initial MBC 4000 system, a movable unit that can treat and
desalinate up to 4000 barrels of produced water per day (630 m3/day) to
provide fresh water for beneficial reuse, will be deployed in early summer
2014.

“Establishing this relationship with Oasys Water is a key part of our strategy
to deliver water services and innovation across the entire exploration and
production supply chain for the oil and gas industry,” said Dale Pierce, NOV
new business development manager, North America. “Oasys’ proven water
desalination platform is a natural fit with our strategy to provide
industry-defining technologies, high quality and environmentally responsible
solutions. We are pleased to make the platform part of our water services
offering to customers in every region of the globe.”

In addition to accelerating commercialization in the oil and gas industry,
Oasys secured a significant financing round earlier in 2013 to facilitate
expansion into additional industrial markets, including power and refining. In
October, Oasys also announced a relationship with leading Chinese EPC Beijing
Woteer Water Technology Co., Ltd to provide the MBC technology as an
economically and technically superior alternative to conventional evaporative
technologies in the rapidly growing industrial water treatment market in
China.

“The mission of Oasys Water is to deliver innovative technology to address the
world’s most difficult water challenges, and the partnerships we have secured
this year, including this vital relationship with NOV, have helped us make
significant progress toward that goal,” said Jim Matheson, president and CEO
of Oasys Water. “With the combined power of our team’s expertise and the
support of our world-class partners, investors and customers across the globe,
we look forward to achieving even greater success in the coming months and
years.”

About Oasys Water, Inc.

Oasys is helping to solve the world’s most pressing challenge: water. With a
vision to create an abundant supply of fresh water for the entire planet, we
are developing innovative solutions for water treatment and desalination in
industrial markets around the globe. Beginning with the first-in-the-world
Membrane Brine Concentrator technology, Oasys is delivering solutions that
will be instrumental in creating a sustainable and prosperous global future.
Established in 2009, Oasys Water is headquartered in Boston’s Industrial
Innovation District, on the revitalized waters of Boston Harbor. For more,
visit us on the web.

Contact:

Version 2.0 Communications for Oasys Water
Meghan Gardner, 617-426-2222
M: 857-222-2864
mgardner@v2comms.com
 
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