Ecosphere Technologies (ESPH) and Subsidiary Ink Deal with Hydrozonix LLC, Anticipates $44M in Revenues
Ecosphere Technologies Inc., a diversified water engineering and environmental services company, today announced that it and its majority owned subsidiary Ecosphere Energy Services, LLC have signed an exclusive technology licensing agreement with Hydrozonix, LLC, an oil and gas services company with environmentally responsible technologies to help manage their industrial clients' water recycling programs. Per the agreement, Ecosphere will deploy its patented Ecosphere Ozonix technology in the U.S. oil and gas exploration and production industry. For Hydrozonix to maintain its exclusive position in the onshore oil and gas shale plays across the U.S., the agreement calls for Hydrozonix to buy a…