STUART, FL--(MARKET WIRE)--Nov 10, 2008 -- Ecosphere Technologies, Inc. (OTC BB:ESPH.OB - News), a diversified water engineering and services company, announces today the delivery of one of its Ecosphere Ozonix mobile water recycling systems to Newfield Exploration Company's mid-continent operations near Coalgate, Oklahoma. The Ozonix mobile water recycling system is a fully self contained water recycling plant on a 53' mobile trailer that can be moved from well site to well site to process frac flowback water.
Dennis McGuire, President of Ecosphere Technologies, stated, "The delivery of this first mobile Ozonix unit to Newfield is quite significant for our company and the natural gas business. Historically, energy companies have had to truck off the large quantities of water that initially flowback in the first few weeks of bringing a gas well in to production. By treating the flowback water on site, we eliminate one leg of the hauling cost the energy companies would otherwise have to pay. Ecosphere can now help the energy companies reduce their consumption of a natural resource by recycling water at the well site which also reduces the completion cost of each well they drill. When the environment wins and the customer wins we feel like we are doing our job."
Dr. Kent Moors, professor at Duquesne University in Pittsburgh, PA. and Ecosphere Advisory Board member stated, "The Ecosphere Technologies' invention of the mobile high volume Ozonix water filtration technology is a major change in the oil and gas business. Able to move from well site to well site, the Ozonix technology is a very cost effective solution for the drilling process. Instead of worrying about where to haul industrial wastewaters, the energy companies now have an immediate source of clean water to use for the next well stimulation. In addition to benefiting the energy company, the Ozonix breakthrough also provides significant advantages to the environment."
Ecosphere Technologies, Inc. (ESPH) is a diversified water engineering and services company dedicated to creating products that make life better. Ecosphere's mission is to identify, create and produce clean technologies that solve a significant industry challenge, improve the quality of life and the environment, and are economically viable. Ecosphere has an extensive portfolio of patented clean technologies that can be purchased and licensed for use in large-scale and sustainable applications across industries, nations and ecosystems. For more information, please visit: www.ecospheretech.com.
Contact: Contacts:
Wall Street Resources, Inc. Gerald Kieft or Ryan Audin 772-219-7525 EcosphereIR@wallstreetresources.net http://www.wallstreetresources.net
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