Ecosphere Technologies, Inc. Announces Hiring of Strategic Intellectual
Property Brokerage Firm
ICAP Patent Brokerage to License Ecosphere's Patented Clean Water and Solar
Technology Portfolios for Numerous Industries and Applications Worldwide
STUART, Fla., June 18, 2014 (GLOBE NEWSWIRE) -- Ecosphere Technologies, Inc.
(OTCBB:ESPH), a U.S. technology licensing and innovative manufacturing
company, today announced thatthe Company has engagedICAP Patent
Brokeragetomonetize its patented Ozonix®andEcosPowerCube® technology
portfolios. ICAP PBwill betheCompany'sexclusive technologybroker, tasked
withsuccessfully monetizing both technologies across a wide variety of
industries and applicationson a global basis.
Since 2008,Ecosphere'spatentedOzonix®water treatmenttechnology
hasexperienced significantcommercial successfor the
Company,generatingapproximately$70 million in revenuein the U.S.hydraulic
fracturingmarketandtreating more than 4 billion gallons of water
forapproximately 1,000 oil and natural gas wellsfor Fortune
500companiesaround the United States.
Consistent with the Company's strategy of licensing its patented,
commercializedtechnologies to strategicpartnersin a given industry,
Ecospherebelievesthat its patentedOzonix®water treatmenttechnology will
havethe greatestimpactin the hands ofwell-capitalized partnersas it
expandsbeyond the energy market. In the coming weeks, anumber of
licensingand manufacturingopportunities and specific fields-of-use for
variousregions andcountries around the worldwill become availablethrough
ICAPPB including but not limited to mining, agriculture,food and beverage,
industrial, marine and municipal wastewater treatment.
Ecosphere has also engagedICAPPBto monetizeits innovativeand recently
patented EcosPowerCube® technology, whichis the world's largest mobile solar
powered generator. The Company has worked for seven years toreceive
theEcosPowerCube®patent and believes there arenumerouscommercial
applications for thetechnologyincludingbut not limited tomilitary,
humanitarian relief, emergency/disaster preparedness, remote habitation,
industrial utilities, off-grid telecommunications, solar powered wireless
Internet, survivalists &preppers, construction, agriculture & ranching,
temporary entertainment events & venues, equipment rental & leasing as well as
remote off-grid facilities and research stations.
TheCompanyhascompleted manufacturing ofthe first Ecos PowerCube® andis
readyto begin demonstrations.
"We are pleased topartner withICAP Patent Brokeragetolicense and monetize
ourpatented Ozonix®andEcosPowerCube® technologyportfolios."saidDennis
McGuire, Chairman and CEO of Ecosphere Technologies."Weare looking forward
to leveragingICAP Patent Brokerage'sextensive experienceinworking
withhigh-growthcompaniesand itsindustry leadingintellectual property
transaction advisory servicesin our effort tomaximizeshareholder value."
Dean Becker, CEO of ICAP Patent Brokerage and Director of
Ecosphere,stated,"We areexcitedtobe workingwith Ecosphere Technologies.
Intellectual property isa unique asset requiring significant business,
technical, marketing, and legal expertisein order to successfullycomplete
transactions. Our veteran brokers have more than 35 years of experience in
monetizing and leveraging intellectual property assets, drawing on
anextensive knowledge of the marketplace across multiplesectors throughout
the United States, Asia, and Europe."
Mr. Becker also stated, "ICAPPBbrings liquidity to theIPmarketplace and
has becomethe intellectual property brokerage of choice for IP assets in both
the primary and secondary markets.Withthe growing pressure on global water
resources and the need for clean, renewable energy, we
believethatEcosphere's patented technology portfolios, which were recently
valuedby a third partyNYSE listed valuation firmfor over$500million,will
continue to expand and are delighted to be engaged inimmediate andfuture
transactions going forward."
For more information about licensing opportunities, please visit
About Ecosphere Technologies
Ecosphere Technologies, Inc. (OTCBB:ESPH) is a U.S. technology licensing and
innovative manufacturing company that develops environmental solutions for
global markets.We help industry increase production, reduce costs, and
protect the environment through a portfolio of unique, patented clean water
and energy technologies: Technologies like Ozonix®and our Ecos PowerCube®,
which are licensable across a wide range of industries andapplications
throughout the world.
For more information, please visit http://www.ecospheretech.com
About ICAP Patent Brokerage
ICAP Patent Brokerage is the world's largest intellectual property brokerage
and patent auction firm, leveraging the talents of experienced patent brokers
to match buyers and sellers for the sale of patents and other intellectual
property assets. With multiple transaction platforms and unparalleled industry
knowledge, including experience with trademarks, brands, intellectual property
licensing, and UCC sales, ICAP Patent Brokerage is the global leader in the
transaction of intellectual property.
For more information, please visit http://icappatentbrokerage.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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