Ecosphere Technologies Announces Exclusive Ozonix(R) Licensing Agreement
Between Fidelity National Environmental Solutions and Hydrosphere Energy
Hydrosphere Energy Solutions Sub-Licenses Ozonix(R) Technology for Hydraulic
Fracturing Operations in the Territory of Alberta and North East British
STUART, Fla., Jan. 6, 2014 (GLOBE NEWSWIRE) -- Ecosphere Technologies, Inc.
(OTCBB:ESPH), an innovative U.S. technology licensing and manufacturing
company, today announced that Fidelity National Environmental Solutions
("FNES"), a company in which ESPH holds a 31% interest, has signed an
exclusive technology licensing and equipment purchase agreement with
Hydrosphere Energy Solutions, a Canadian Corporation, to deploy its patented
Ozonix^® water treatment technology in the territory of Alberta and North East
British Columbia, Canada.
Under the terms of the agreement, Hydrosphere Energy Solutions is required to
oOne (1) Ozonix^® EF10M unit for immediate delivery.
oEight (8) Ozonix^® EF10 units within the first 12 months.
oOne (1) Ozonix^® EF80 unit within the first 12 months.
oA minimum of two (2) Ozonix^® EF80's within 24 months following the
delivery of the first purchased Ozonix^® units.
Hydrosphere has also agreed to pay on-going royalty payments to FNES on all
water processed in the licensed territory. So long as the commitments are met,
Hydrosphere shall remain the exclusive sub-licensed partner of FNES in the
territory of Alberta and North East British Columbia, Canada for all hydraulic
"The latest equipment purchase, sub-license and services agreement with
Hydrosphere Energy Solutions is a testament to Ecosphere and FNES's
competitive positioning in the oil and gas water treatment space," stated
Dennis McGuire, Chairman and CEO of Ecosphere Technologies. "In 2009,
Ecosphere and FNES pioneered the treatment and recycling of produced and
flowback waters at the well site with our patented Ozonix^® technology, a
chemical-free, combined advanced oxidation process (AOP) capable of treating
100% of the water required for fracturing operations. Today, Ozonix^®
continues to be a game-changing product for the oil and gas industry, having
been used on more than 800 wells around the United States, recycling over 3
billion gallons of water and continuing to offer customers a competitive and
cost-effective advantage over the use of conventional toxic, liquid
Robert Cathey, CEO of Fidelity National Environmental Solutions, said, "We are
pleased to be working with Hydrosphere Energy Solutions and look forward to
assisting them as they begin to deploy our patented and proven Ozonix^® water
treatment technology in the territory of Alberta and North East British
Columbia, Canada. Hydrosphere and its principals have extensive experience in
the Canadian oil and gas industry, including on-site specific expertise in
hydraulic fracturing and a positive history and track-record of servicing
major oil and gas customers."
Cathey continued, "This agreement marks the beginning of our expansion outside
of the U.S. oil and gas market and demonstrates continued demand for a
cost-effective, patented and proven solution for replacing traditional
biocides and scale inhibitors while managing the large volumes of water
required for oil and natural gas exploration and production around the world."
Scott Donahue, CEO of Hydrosphere, stated, "Hydrosphere is excited to
exclusively license the Ozonix^® technology from FNES in our market and to
provide our clients' with recycled flowback and produced water in a cost
effective, safe and environmentally sound manner. We believe this is the best
technology available in the world and look forward to offering innovative
water management solutions to our clients' using the Ozonix^® technology as a
market leader in the space."
Ecosphere's patented Ozonix^® EF10, EF10M and EF80 units are mobile advanced
oxidation systems specifically designed, developed and manufactured by
Ecosphere to treat 100% of the water required for oil and natural gas
production. Built for increased flexibility and to maximize utilization, the
Ozonix^® EF10, EF10M and EF80 can be used to pre-treat water needed for
hydraulic fracturing (or "fracking") operations or for the post-treatment of
flowback and produced waters at pond sites or fixed facilities.The EF10 and
EF10M are capable of processing flow rates up to 10 barrels per minute (420
GPM), while the EF80 is capable of processing high variable flow rates up to
80 barrels per minute (3,360 GPM) or more than 4 million gallons per day.
For more information, please visit
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
for 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
About Hydrosphere Energy Solutions
Please visit http://hydrospherecorp.ca/
About Ecosphere Technologies
Ecosphere Technologies, Inc. (OTCBB:ESPH) is an innovative U.S. technology
licensing and 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 Ecos PowerCube^®,
which are licensable across a wide range of industries andapplications
throughout the world.
For more information, please visit http://www.ecospheretech.com
To receive timely information on Ecosphere Technologies, sign up for
Ecosphere's email news alert system at http://www.ESPH-IR.com.
CONTACT: Investor Relations:
The Blueshirt Group
Phone: (415) 489-2198
Press and Media Relations:
The Blueshirt Group
Phone: (415) 217-5861
Director of Marketing
Ecosphere Technologies, Inc.
Phone: (772) 287-4846
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