Ecosphere Technologies, Inc.

Fidelity National Environmental Solutions Named Water Management Company of the Year in the Midcontinent Oil & Gas Awards

STUART, Fla., Oct. 31, 2013 (GLOBE NEWSWIRE) -- Ecosphere Technologies, Inc. (OTCBB:ESPH), a water engineering, technology licensing and innovative U.S. manufacturing company, today announced that Fidelity National Environmental Solutions ("FNES"), formerly Ecosphere Energy Services, has been named Water Management Company of the Year in the Midcontinent Oil & Gas Awards.

The Midcontinent Oil and Gas Awards is a platform for the oil and gas industry to demonstrate and celebrate the advances made in the key areas of environmental stewardship, efficiency, innovation, corporate social responsibility and health & safety. The awards were announced on Tuesday, October 29, at a gala dinner at the National Cowboy & Western Heritage Museum in Oklahoma City.

William P. Foley, II, Chairman of FNES, stated, "Being awarded Water Management Company of the Year is a significant honor and is indicative of our leadership in providing environmental solutions to the oil and natural gas industry. We expect to see increasing demand for Ecosphere's patented Ozonix® water treatment technology in the coming years as operators look to replace conventional liquid chemicals and treat, recycle and re-use 100% of flowback and produced waters during hydraulic fracturing operations. Ozonix® allows operators to save millions of gallons of water at each well site, which reduces operating costs and eliminates the need for deep well injection disposal of this valuable resource."

"We are honored to be awarded Water Management Company of the Year in the Midcontinent Oil and Gas Awards," said Robbie Cathey, Chief Executive Officer of FNES. "Since 2008, FNES has been treating and recycling billions of gallons of flowback and produced waters in the Woodford and Fayetteville shale plays for major companies in the midcontinent region. This region is critical to our nation's energy supply and we are proud to contribute to its development by enabling our customers to cost-effectively manage water resources without the use of harmful chemicals."

In addition to being named Water Management Company of the Year, FNES and Ecosphere have received numerous awards and accolades for its patented and proven Ozonix® water treatment solutions for the energy sector, including but not limited to:

  • 2013 New Energy Pioneer - Bloomberg New Energy Finance;
  • 2013 Energy Innovation Pioneer - IHS CERAWeek;
  • 2013 American Technology Award - "Clean Tech/Green Tech" Category;
  • 2013 World Technology Awards - Corporate "Environment" Category;
  • 2012 Frost & Sullivan North American Product Leadership Award in Disinfection Equipment for Shale Oil and Gas Wastewater Treatment; and
  • 2010, 2011, 2012 Artemis "Top 50 Water Tech" Winner

Since 2008, FNES has enabled oil and gas customers to treat, recycle and reuse over 3 billion gallons of water on more than 800 oil and natural gas wells in major shale plays around the United States.

About Fidelity National Environmental Solutions

Fidelity National Environmental Solutions, LLC, a leading water treatment provider to the energy services sector, has an exclusive field-of-use license for Ecosphere's patented Ozonix® technology for global energy applications including, but not limited to, onshore and offshore oil and natural gas exploration and production, power generation, refineries and coal.  FNES currently provides energy exploration companies with mobile wastewater treatment equipment to eliminate harmful chemicals from hydraulic fracturing operations around the United States.

About Ecosphere Technologies

Ecosphere Technologies, Inc. (OTCBB:ESPH) is a water engineering, technology licensing and innovative U.S. manufacturing company that develops environmental water treatment solutions for industrial markets throughout the world.  The Company is a leader in emerging advanced oxidation processes and has an extensive portfolio of intellectual property that includes five United States patents for the Ecosphere Ozonix® process.  The patented Ecosphere Ozonix® process is a revolutionary advanced oxidation process that is currently being used by customers to reduce costs, increase treatment efficiencies and eliminate harmful chemicals from wastewater treatment operations around the United States.  Ozonix® can be used to replace chemicals in a wide variety of industries and applications, including but not limited to agriculture, energy, food and beverage, industrial, mining, marine, and municipal wastewater treatment.

In 2013, Ecosphere was chosen by Bloomberg as a New Energy Pioneer and selected by IHS CERAWeek as a 2013 Energy Innovation Pioneer.  Ecosphere is also a recipient of the 2013 American Technology Award - "Clean Tech/Green Tech" category and the 2012 Frost & Sullivan North American Product Leadership Award in Disinfection Equipment for Shale Oil and Gas Wastewater Treatment.  In addition, Ecosphere has been chosen for the Artemis "Top 50 Water Tech" Listing for the last three years.

Since 2008, Fidelity National Environmental Solutions, a company in which ESPH holds a 31% interest, has enabled oil and gas customers to treat, recycle and reuse over 3 billion gallons of water on more than 800 oil and natural gas wells.

For more information, please visit www.EcosphereTech.com.

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CONTACT: Investor Relations:
         Gary Dvorchak, CFA
         Senior Vice President
         ICR, LLC
         +1 (310) 954-1123
         gary.dvorchak@icrinc.com

         Press and Media Relations:
         Brian Ruby
         Vice President
         ICR, LLC
         +1 (203) 682-8268
         brian.ruby@icrinc.com

         Company:
         Corey McGuire
         Director of Marketing
         Ecosphere Technologies, Inc.
         +1 (772) 287-4846
         cmcguire@ecospheretech.com

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Source: Ecosphere Technologies, Inc.

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