Ecosphere Technologies Inc. announced that its subsidiary Ecosphere Exploration and Mining Services LLC has signed a Letter of Intent (LOI) with Dominion Water LLC of Sedalia, Colo. Per the agreement, Ecosphere will deploy its patented Ozonix technology to mine sites in Colorado for both companies to explore mining applications of the 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.”
“Colorado has historic water quality issues and is desperately in need of 21st century solutions,” stated Tom Wiens, president of Dominion Water. “The Ozonix technology is a proven non chemical water treatment technology and is being used every day in the oil and gas industry to help exploration and production companies recycle the waters used during hydraulic fracturing operations. The Ozonix Dominion approach is all about protecting the environment and preserving vital water resources. We are excited to begin our work together.”
Source: Ecosphere Technologies