STUART, FL, March 6, 2013 -- Ecosphere Technologies, Inc. (ESPH), a water engineering, technology licensing and innovative U.S. manufacturing company, today announced that its subsidiary, Ecosphere Exploration and Mining Services LLC (EEMS) has signed a Letter of Intent (LOI) with Dominion Water LLC of Sedalia, Colo. Per the agreement, Ecosphere will deploy its patented Ozonix(R) technology to mine sites in Colorado for both companies to explore mining applications of the Ozonix(R) technology in the State of Colorado.
"This Letter of Intent with Dominion represents a significant new growth opportunity in a very important vertical market for Ecosphere as we expand outside of the oil and gas industry," stated John Brewster, Chairman and CEO of Ecosphere Technologies. "The mining industry is facing an era of increased regulation and water scarcity which is driving up the value of clean water. Mining companies must address these challenges to stay competitive -- while continuing to protect the environment."
Brewster continued, "Dominion's President, Tom Wiens, is a former state senator in Colorado and a staunch supporter of preserving water resources in Colorado. Mr. Wiens is also a member of the Colorado Mining Association and CEO of New West Capital LLC. New West Capital owns the senior debt associated with three precious and base metal mining projects in Colorado. Additionally, Wiens is CEO of New West Minerals, a significant holder of patented and unpatented mining claims related to precious and base metals in Colorado. We are looking forward to working with Senator Wiens and Dominion to bring our Ozonix(R) technology to the Colorado mining industry."
"Colorado has historic water quality issues and is desperately in need of 21st century solutions," stated Tom Wiens, President of Dominion Water. "The Ozonix(R) technology is a proven non chemical water treatment technology and is being used everyday in the oil and gas industry to help exploration and production companies recycle the waters used during hydraulic fracturing operations. The Ozonix(R) Dominion approach is all about protecting the environment and preserving vital water resources. We are excited to begin our work together."
About Ecosphere Technologies
Ecosphere Technologies, Inc. (ESPH) is a water engineering, technology licensing and innovative U.S. manufacturing company that develops non-chemical water treatment solutions for industrial markets throughout the world. The Company is a leader in emerging advanced oxidation processes and has an extensive portfolio of intellectual property that includes five United States patents for the Ecosphere Ozonix(R) process. The patented Ecosphere Ozonix(R) process is a revolutionary advanced oxidation process that is currently being used by energy exploration companies to reduce costs, increase treatment efficiencies and eliminate liquid chemicals from wastewater treatment operations around the United States.
A recipient of Frost & Sullivan's 2012 North American Product Leadership Award in Disinfection Equipment for Shale Oil and Gas Wastewater Treatment and chosen as a 2013 IHS CERAWeek Energy Innovation Pioneer, Ecosphere has enabled oil and gas customers to recycle and reuse over two billion gallons of water on approximately 700 oil and natural gas wells in major shale plays around the United States since 2008.
For more information, please visit www.EcosphereTech.com.
