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Ecosphere Technologies (ESPH) |
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WIKI ANALYSIS
Ecosphere Technologies, Inc. (OTCBB: ESPH) is a diversified water technologies and services company currently focused on mobile water recycling solutions for the natural gas industry. Since its founding, the Company has developed numerous patents addressing large-scale water challenges that directly impact certain global industries where effective water treatment plays a vital role in keeping manufacturing and production processes flowing.
New and innovative water fracturing methods are driving exploration of unconventional gas plays in various regions of the U.S. The Company's Ecosphere Ozonix™ is a patent pending process for use in treating the ‘frac’ flowback water produced during gas well extraction. This mobile, self-contained system is capable of treating frac flowback water at or near the well site. It has proven potential to help energy companies improve water management and conserve water assets while reducing production costs and extending productive well life.
In the maritime industry, Ecosphere Ozonix™ has the potential for use in treating ballast water before its discharge from ships traveling to world ports. This would help prevent the introduction of invasive species in foreign waters during ballast water discharge. The Company’s mobile water filtration systems can be readily deployed to clean and filter the most highly contaminated waters, with support for the emergency safe water requirements of first responders and organizations dedicated to natural disaster relief worldwide. Other water related eco-friendly products may be licensed or sold by the Company to solve large-scale water recycling applications in other industries.
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