Ecosphere Technologies Receives 7th U.S. Patent to Eliminate Scaling Chemicals
for Hydraulic Fracturing Oil and Gas Wells
Patented Ozonix(R) Technology Eliminates Biocides and Scale Inhibitor
STUART, Fla., May 22, 2014 (GLOBE NEWSWIRE) -- Ecosphere Technologies, Inc.
(OTCBB:ESPH), a U.S. technology licensing and innovative manufacturing
company, today announced that the U.S. Patent and Trademark Office has issued
a formal Notice of Allowance for Patent # 8,721,898 which is a process patent
for lowering the scaling tendencies in flowback water used in the exploration
and production of oil and natural gas wells. This notice of allowance marks
the seventh patent issued by the U.S. Patent and Trademark Office since 2010
for Ecosphere's patented Ozonix® water treatment technology.
Since 2008, Ecosphere's patented Ozonix^® technology has been used by major
energy exploration and production companies around the United States to reduce
the amount of chemicals used during hydraulic fracturing operations to release
trapped oil and gas from unconventional shale formations. In 2013, the
chemicals and equipment sub-markets of the global water and wastewater
treatment market were estimated at over $25 billion and $50 billion,
respectively, further validating the market demand for innovative
chemical-free water treatment solutions.
Dennis McGuire, Chairman and CEO of Ecosphere Technologies, stated, "The
latest receipt of our seventh Ozonix^® patent clearly demonstrates that the
U.S. Patent Office has recognized our early position as being a leader in the
development of emerging advanced oxidation technologies to replace chemicals
used during hydraulic fracturing operations. Since 2008, Ecosphere
Technologies has pioneered a unique and patented ozone based Advanced
Oxidation Process (AOP) to eliminate biocides and scale inhibiting chemicals
from the hydraulic fracturing process. Our energy customers have experienced
reduced chemical consumption, increased initial well productivity (IP), and
reduced chemical costs to frac a well as compared to using traditional
chemicals. Microbiologically Induced Corrosion (MIC) is a major concern in the
energy business and is a leading expense item in refinery operations."
McGuire continued, "When we met one of our first energy customers in 2009,
they were injecting their produced water into deep underground Class II
injection wells. We showed them how to recycle a major portion of that
produced water rather than disposing of it. Ecosphere pioneered the concept of
recycling produced and flowback water without using liquid chemicals or
filtration technologies that leave behind a toxic waste stream that has to
then be properly disposed of. One hundred percent of the produced water that
is treated by our patented Ozonix® process can be used 'at the frac site' and
at the flow rate of a frac (80-120 bbls per minute) to frac a well."
McGuire further stated, "The U.S. Patent Office has recognized our early
position in the space of eliminating chemicals to control bacteria and scaling
using an ozone based advanced oxidation process. We have and will continue to
vigorously enforce our rights that the U.S. Patent Office has given to us to
stop others from making, using, or selling a similar process."
Dean Becker, Director and Intellectual Property Strategist for Ecosphere
Technologies, stated "Ecosphere's patent portfolio continues to expand and
from an intellectual property standpoint, Ecosphere holds a dominant position
in combining multiple advanced oxidation technologies to treat water across a
wide range of industries and applications."
Becker continued, "We have been studying the various markets where access to
and treatment of large volumes of water is most needed and continue to believe
that seeking strategic partners in mining, agriculture, food and beverage,
industrial, marine and municipal wastewater treatment will put Ecosphere in
the best position to successfully deploy its patented and proven
Ozonix^®technology across the global water treatment market."
Fidelity National Environmental Solutions, a company in which Ecosphere owns
approximately 31%, has enabled oil and gas customers to treat, recycle and
reuse over 4 billion gallons of water for approximately 900 oil and natural
gas wells, protecting $4 billion worth of well assets, and generating over $65
million in revenue since 2008.
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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