Ecosphere Technologies, Inc. a diversified water engineering, technology licensing and environmental services company, announced that it has appointed Ocean Tomo as its global licensing advisor. Ocean Tomo, an industry leader in intellectual property valuation, research, investment, risk management and transactions will work closely with Ecosphere to assist the Company in developing and implementing a global licensing program for its patented Ozonix technology and related products.
"We are pleased to announce that Ocean Tomo, one of the most respected intellectual property consulting firms in the industry, will be joining our team," stated Charles Vinick, Chairman and CEO of Ecosphere Technologies. "With our 2011 Ozonix license to Hydrozonix, Ecosphere has successfully licensed the onshore oil and gas hydraulic fracturing market in the U.S. It is now the right time to engage Ocean Tomo to help Ecosphere strategically realize the value we have created in the Ozonix technology for use in hydraulic fracturing in oil and gas exploration globally, as well as for the treatment of industrial wastewater in other applications in the United States and throughout the world."
Roy D'Souza, Managing Director of Ocean Tomo and head of the firm's Valuation Practice, added, "Ocean Tomo is excited to be working with Ecosphere. Ecosphere has developed a robust intellectual property portfolio of chemical-free wastewater treatment solutions and has also captured a first movers' advantage in the treatment of produced and flowback waters in the hydraulic fracturing industry. Ecosphere has an inventory of patents, brands, trademarks and trade secrets that we believe may have significant long-term value. We look forward to leveraging our teams' experience and global reach to generate new licensing opportunities for the Company in the U.S. and throughout the world."
"The global need to preserve vital water resources drives the increasing requirements for technologies that use less chemicals in treating industrially-produced water and simultaneously enable the recycling of industrial wastewater," Vinick continued. "The Ozonix technology track record of treating over 1.8 billion gallons of water and eliminating 900,000 gallons of liquid biocides on 530 wells in the domestic oil and gas industry positions Ecosphere to now carry our Ozonix technology into other markets like mining, coal-fired power plants, pulp and paper plants, ballast water, and municipal water treatment, among others. We believe that Ocean Tomo can help us maximize the value of our patented technology for our shareholders."