STUART, FL--(Marketwired - April 08, 2015) - Ecosphere Technologies, Inc. (OTCQB: ESPH), a technology development and intellectual property licensing company, today announced the recent receipt of a $650,000 purchase order for an Ozonix® EF10M water treatment system by Kualiti Alam SDN BHD, a Malaysian waste management and renewable energy solutions provider, to be used for industrial wastewater treatment applications in Malaysia.
Kualiti Alam SDN BHD paid Ecosphere a deposit for the Ozonix® EF10M water treatment system and manufacturing has begun at Ecosphere's Corporate Headquarters in Stuart, Florida USA. Under the terms of the equipment purchase agreement, the Ozonix® EF10M water treatment system is scheduled to be delivered in July 2015.
Dennis McGuire, Chairman and CEO of Ecosphere Technologies stated, "Kualiti Alam SDN BHD is one of our newest Ozonix® technology customers and we have been working closely with them for over a year on the feasibility of introducing our patented Ozonix® technology into the industrial wastewater market in Malaysia."
McGuire continued, "In addition to recent Ozonix® licensing transactions and equipment purchase orders in the United States, Canada and Brazil, we are delighted to be working with Kualiti Alam SDN BHD and look forward to building a long-term relationship and partnership with them in Malaysia."
Khalid Bahsoon, CEO of Kualiti Alam SDN BHD, commented, "We are excited to deploy Ecosphere's patented Ozonix® technology in Malaysia. We look forward to providing our clients with high-volume, chemical-free water treatment and recycling services in a cost effective, safe and environmentally sound manner. We visited the United States to see the Ozonix® technology operate and were very impressed with the equipment and the results obtained. We look forward to working together."
"The latest Ozonix® equipment purchase agreement with Kualiti Alam SDN BHD is an example of the diverse equipment opportunities outside of the oil and gas water treatment space," stated Dean Becker, Director and Intellectual Property Strategist for Ecosphere Technologies. "In 2009, Ecosphere and Fidelity National Environmental Solutions, LLC ('FNES') pioneered the treatment and recycling of produced and flowback waters with our Ozonix® technology, a patented, Ozone-based Advanced Oxidation Process (AOP) capable of treating 100% of the water required for hydraulic fracturing operations. Today, Ozonix® continues to be a game-changing product for the oil and gas industry, having been used on more than 1,200 oil and natural gas wells around the United States and Canada, recycling over 5 billion gallons of water and continuing to offer customers a competitive and cost-effective advantage over the use of conventional chemicals that have a tough time dealing with the high bacteria loads we encounter when recycling these produced waters."
Becker further stated, "We will continue to work with U.S. and international companies to recognize the benefits of Ecosphere's patented Ozonix® technology for various industries and applications, resulting in additional Ozonix® licenses and equipment purchase agreements that are currently available for numerous other countries and regions around the world."
For more information on Ecosphere's patented Ozonix® technology, please visit http://www.ecospheretech.com/environmental-engineering-technologies/ozonix
To download a PDF brochure on Ecosphere's patented Ozonix® technology, please visit http://content.stockpr.com/esph2/db/Fact+Sheets/5854/file/03.2015_Ecosphere_Ozonix_Technology.pdf
For more information on Licensing Opportunities for Ecosphere's patented Ozonix® technology, please visit http://www.ecospheretech.com/environmental-engineering-technologies/licensing-opportunities
About Kualiti Alam SDN BHD
Kualiti Alam, a subsidiary of Cenviro Company (an investee company of Khazanah Nasional Berhad) spearheads sustainable waste management and renewable energy solutions. With the adoption of a cradle-to-cradle concept, we offer one-stop solution services with the state-of-the-art facilities in waste management, renewable energy and human capital development for future sustainability.
Incorporated in 1991, Kualiti Alam was awarded a 15-year exclusivity to commercially operate the waste management system for Peninsular Malaysia since 1995; licensed to provide transportation, analysis, treatment and final disposal of scheduled waste. Kualiti Alam, owns and operates Malaysia's first integrated Waste Management Centre (WMC) in Negeri Sembilan, has been recognized for its excellence with various certifications including MS ISO 9001, ISO 14001, OHSAS 18001, MS 1722 and ISO/IEC 17025.
For more information on Kualiti Alam SDN BHD, please visit http://www.kualitialam.com/index.php
For more information on the Cenviro Company, please visit http://www.cenviro.com
About Ecosphere Technologies
Ecosphere Technologies, Inc. (OTCQB: ESPH) is a technology development and intellectual property licensing company that develops environmental solutions for global water, energy and industrial markets. We help industry increase production, reduce costs, and protect the environment through a portfolio of unique, patented technologies: Technologies like Ozonix®, the Ecos PowerCube® and our recently announced Ecos GrowCube™, which are available for exclusive and nonexclusive licensing opportunities across a wide range of industries and applications throughout the world.
For more information, please visit http://www.ecospheretech.com
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Cautionary Note Regarding Forward-Looking Statements.
This press release contains forward-looking statements including our belief regarding the delivery date of the EF10M and the sale of additional Ozonix® licenses and equipment purchase agreements. The words "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. We caution you therefore against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements include possible delays in receipt of equipment from suppliers and financial or contractual issues relating to proposed licensees that prevent them from entering into licenses and ordering equipment.
Further information on our risk factors is contained in our filings with the SEC, including our Form 10-K for the year ended December 31, 2013. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.