BOCA RATON, Fla., Oct. 6, 2011 -- Latitude Solutions subsidiary, Latitude Energy Services, has deployed its proprietary water remediation unit in support of a hydraulic fracturing operation in the Fayetteville Shale in Arkansas for one of the world's largest oil/gas producers.
The company's Electro Precipitation™, Integrated Water Systems™ IWS-630 mobile treatment unit successfully treated more than 60,000 barrels (2.5 million gallons) of contaminated flowback water, allowing it to be used as clean makeup water. The treatment was done in real time while the frac was underway and satisfied the client's requirements for bacterial kill as well as the removal of heavy metals and total suspended solids.
The Company's proprietary technology does not require the use of any chemicals or any other additive to achieve these results. Construction has been completed of four additional processing units which the Company expects to put into commercial operation in the near future.
Harvey Kaye, Chief Executive Officer of LSI stated, "The successful deployment of our technology in a commercial setting marks the transition of our Company to an operating, revenue producing entity. Our technology provides a sustainable water remediation solution for the oil/gas companies in North America and other parts of the world."
Mr. Kaye further added, "With the manufacturing capability of our exclusive manufacturer, Jabil Circuit Inc., (trading symbol NYSE: JBL), the Company now has all of the elements in place to play a substantive role in dealing with the water-related issues involved with the increasing use of hydraulic fracturing operations. By allowing the recycling and reuse of the millions of gallons per day of water currently being used for fracking operations, precious water resources will be under less pressure from these operations and the industry will be able to continue its important contribution to the energy requirements of the country without interruption. Further, the Company is continuing to market our technologies for other industries such as mining, food processing and maritime applications."
V. Ray Harlow, Chief Operating Officer of LSI stated, "As water becomes an ever more precious resource nationwide and worldwide, energy companies and other industrial users must begin to more effectively manage their consumption of existing water resources and seek to better utilize the water that they already have introduced into their operations." Mr. Harlow further added, "The ability to provide water remediation capability to transform large volumes of wastewater, either onsite or in central processing facilities, into useable and re-usable water suitable for use by the energy industry will achieve that goal."
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