Brisben Water Announces Delivery of Two Ozonix EF80 Units to Hydrozonix in Q1 2012
Company Receives Purchase Order for Units 7 and 8 of an Initial 16 Unit $45 Million Order
STUART, Fla., April 3, 2012 (GLOBE NEWSWIRE) -- Brisben Water (OTCBB:ESPH), a diversified water engineering, technology licensing and environmental services company, today announced that the Company and its majority-owned subsidiary, Brisben Water Energy Services, LLC, have recently completed manufacturing, acceptance and delivery of two Ozonix EF80 units on March 30, 2012 for Hydrozonix, LLC. Following the on-schedule delivery of units 5 and 6, Brisben Water has received the purchase order for units 7 and 8 to be delivered in Q2 of 2012.
Charles Vinick, Chairman and CEO of Brisben Water Technologies, stated, "I am pleased to announce that we have delivered units 5 and 6 to Hydrozonix on schedule and that we have received the purchase order for units 7 and 8 to be built in Q2 of 2012 as per our technology licensing agreement. It is a testament to the quality of product that Brisben Water is manufacturing as well as the performance that Hydrozonix is experiencing in the field. To date, Hydrozonix has treated over 4.3 million barrels (or approximately 184 million gallons) of flowback and produced water for its customers using the Ozonix EF80 technology."
About Brisben Water Technologies
Brisben Water (OTCBB:ESPH) is a diversified water engineering, technology licensing and environmental services company that designs, develops, and manufactures wastewater treatment technologies for a variety of industrial markets. The company provides environmental services and technology solutions for large-scale, sustainable applications across industries, nations and ecosystems.
Brisben Water is currently driving clean water innovation with its patented Ozonix advanced oxidation technologies and mobile, low-maintenance water treatment systems. Brisben Water's patented Ozonix technology is a high-volume, advanced oxidation process designed to recycle water while reducing liquid chemicals used during water treatment applications. In operation since 2008, the Ozonix technology has enabled oil and gas customers to recycle and reuse over 1 billion gallons of water on approximately 500 oil and natural gas wells in major shale plays across the country.
For more information, please visit Brisben WaterTech.com.
About Brisben Water Energy Services
Brisben Water Energy Services, LLC is the exclusive master licensee of Brisben Water's patented Ozonix technologies for domestic and global energy applications. The Ozonix process provides energy exploration and production companies with a cost-effective method to kill bacteria and biofilms without the use of chemical biocides and scale-inhibitors. For more information, please visit Brisben WaterTech.com/divisions/Brisben Water-Energy-Services.
Brisben Water's Ozonix services are available to the U.S. onshore oil and gas exploration and production market exclusively through Hydrozonix, LLC. For more information, please visit www.Hydrozonix.com
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The Brisben Water logo is available at https://www.globenewswire.com/newsroom/prs/?pkgid=12214
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements including the delivery of the units in Q2 2012. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods.
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 unexpected delays in manufacturing the units.
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, 2011. 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.
CONTACT: Investor Relations:
Gary Dvorchak, CFA
Senior Vice President
+1 (310) 954-1123
gary.dvorchak@icrinc.com
Press and Media Relations:
Brian Ruby
Vice President
+1 (203) 682-8268
brian.ruby@icrinc.com
Company:
Corey McGuire
Director of Marketing
Brisben Water
+1 (772) 287-4846
cmcguire@Brisben Watertech.com
