Ecosphere Technologies, Inc.

Ecosphere Technologies, Inc. Selected as 2013 New Energy Pioneer

Global Companies Recognized as Leaders in the Transformation of the Energy Sector

NEW YORK, April 22, 2013 (GLOBE NEWSWIRE) -- Bloomberg New Energy Finance, the definitive source of insight, data and news on the transformation of the energy sector, today announced Ecosphere Technologies, Inc., a water engineering, technology licensing and innovative U.S. manufacturing company, as a 2013 New Energy Pioneer. The winners were recognized on stage at the sixth annual Bloomberg New Energy Finance Summit in New York City.

"We are very proud to be a recipient of Bloomberg's prestigious New Energy Pioneer Award," said Dennis McGuire, Founder and Chief Executive Officer of Ecosphere Technologies. "This award is further recognition and validation of Ecosphere's patented Ozonix® technology and our ability to cost-effectively treat and recycle wastewater for the oil and gas industry without the use of harmful chemicals."

McGuire continued, "Demand for wastewater treatment continues to grow within the oil and gas industry, and because water treatment is a critical component to many industries globally, including mining, municipal and other energy-related industries, we anticipate strong demand for our technology and continued growth for our company in the oil and gas industry and as we expand into other industries."

Ecosphere's patented Ozonix® technology is a revolutionary, chemical-free advanced oxidation process that is currently being used by energy exploration companies to reduce costs, increase treatment efficiencies and eliminate liquid chemicals from wastewater treatment operations around the United States. In the oil and natural gas industry, the unique value proposition for Ozonix® is that it not only allows operators to replace liquid chemical biocides and scale inhibitors on the front end of a hydraulic fracturing operation but also allows them to treat, recycle and re-use 100% of the flowback and produced waters on the back end, saving millions of gallons of water at each well site and eliminating the need for deep well injection disposal of this valuable resource.

Since December 2008, Ecosphere's patented Ozonix® technology has been used by major oil and gas operators to treat, recycle and reuse approximately 3 billion gallons of water on more than 700 oil and natural gas wells in major shale plays around the United States.

This year's winners represent a broad range of sectors including bioenergy, energy efficiency, digital energy, solar and water. By rewarding game-changing innovators, Bloomberg New Energy Finance hopes to highlight the speed of change in the sectors it serves.

The awards program, now in its fourth year, selects ten New Energy Pioneers each year. This year the independent panel of industry experts selected the winners from more than 200 candidates from around the world, assessing them against three criteria: innovation, demonstrated momentum and potential global scale.

Michael Liebreich, Chief Executive of Bloomberg New Energy Finance, said: "Tough times make for good entrepreneurs, and this is definitely what we are seeing in this year's New Energy Pioneers. Once again we need to thank the judges, who had to winnow down a strong field to just ten winners. We wish them all luck in the coming years."

Gil Forer, Ernst & Young's Global Cleantech leader, added, "These entrepreneurs and companies represent the technology and business model innovation which will enable the transformation to a more resource efficient and low carbon economy. Congratulations to all of them."

Other 2013 winners include Advantix Systems, BuildingIQ, d.light design, Draker, EcoNation, Harvest Power, Joule, Opower, and Whitewater Technologies.

Bloomberg New Energy Finance's New Energy Pioneers program is supported and partnered by Ernst & Young. For more information on Ernst & Young, visit: www.ey.com/cleantech.

For more information on the New Energy Pioneers, visit: http://about.bnef.com/events-awards/new-energy-pioneers/.

For more information on the Bloomberg New Energy Finance Summit, visit: http://about.bnef.com/summit/.

About Ecosphere Technologies, Inc.

Ecosphere Technologies, Inc. (OTCQB: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 energy exploration companies to reduce costs, increase treatment efficiencies and eliminate liquid chemicals from wastewater treatment operations around the United States.

A recipient of Frost & Sullivan's 2012 North American Product Leadership Award in Disinfection Equipment for Shale Oil and Gas Wastewater Treatment and chosen as a 2013 IHS CERAWeek Energy Innovation Pioneer, Ecosphere has enabled oil and gas customers to recycle and reuse over 3 billion gallons of water on approximately 700 oil and natural gas wells in major shale plays around the United States since 2008.

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

To receive timely information on Ecosphere Technologies, sign up for Ecosphere's email news alert system at http://www.ESPH-IR.com.

About Bloomberg New Energy Finance

Bloomberg New Energy Finance (BNEF) is the definitive source of insight, data and news on the transformation of the energy sector. BNEF has staff of more than 200, based in London, New York, Beijing, Cape Town, Hong Kong, Munich, New Delhi, San Francisco, São Paulo, Singapore, Sydney, Tokyo, Washington D.C., and Zurich.

BNEF Insight Services provide financial, economic and policy analysis in the following industries and markets: wind, solar, bioenergy, geothermal, hydro & marine, gas, nuclear, carbon capture and storage, energy efficiency, digital energy, energy storage, advanced transportation, carbon markets, REC markets, power markets and water. BNEF's Industry Intelligence Service provides access to the world's most comprehensive database of assets, investments, companies and equipment in the same sectors. The BNEF News Service is the leading global news service focusing on finance, policy and economics for the same sectors. The group also undertakes custom research on behalf of clients and runs senior-level networking events, including the annual BNEF Summit, the premier event on the future of the energy industry.

New Energy Finance Limited was acquired by Bloomberg L.P. in December 2009, and its services and products are now owned and distributed by Bloomberg Finance L.P., except that Bloomberg L.P. and its subsidiaries (BLP) distribute these products in Argentina, Bermuda, China, India, Japan, and Korea. For more information on Bloomberg New Energy Finance: http://about.bnef.com.

About Bloomberg

Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company's strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Professional service, which provides real time financial information to more than 310,000 subscribers globally. Bloomberg's enterprise solutions build on the company's core strength, leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. Through Bloomberg Law, Bloomberg Government, Bloomberg New Energy Finance and Bloomberg BNA, the company provides data, news and analytics to decision makers in industries beyond finance. And Bloomberg News, delivered through the Bloomberg Professional service, television, radio, mobile, the Internet and two magazines, Bloomberg Businessweek and Bloomberg Markets, covers the world with more than 2,300 news and multimedia professionals at 146 bureaus in 72 countries. Headquartered in New York, Bloomberg employs more than 15,000 people in 192 locations around the world.

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

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

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

         Bloomberg:
         Angela Martin
         Bloomberg LP
         +1 (212) 617-1211
         angelamartin@bloomberg.net

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Source: Ecosphere Technologies, Inc.

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