MIDLAND, Texas, Sept. 12, 2013 /PRNewswire/ -- STW Resources
Holding Corp. (OTC QB: STWS) announced today it has signed a joint
development agreement with ThermoEnergy Corporation (OTCBB:TMEN) to
develop opportunities to deploy water reclamation equipment in the
oil and gas industry. STW will arrange for exclusive pilot test
programs with appropriate producers in its area of operations.
ThermoEnergy's TurboFrac™ technology is a cost effective
solution to recover hydrofracking wastewater (contaminated produced
water and flow-back water) created by the hydraulic fracturing
("fracking") of oil and gas wells, and recycle it into clean,
usable water. In addition to recovering usable water for reuse in
fracking operations, the TurboFrac system can concentrate the
chemicals and other impurities for recycling or safe,
cost-efficient disposal. ThermoEnergy's FracGen™ systems provide an
economical and effective solution to upgrade brine laden water that
is available in local, deep aquifers.
STW Chief Executive Officer Stanley
Weiner said, "I am very pleased to be associated with
ThermoEnergy as their technology offers an economical avenue to
reclaim produced and flowback waters for reuse in drilling and
fracking operations. We have tested many technologies. After
thoroughly testing and evaluating ThermoEnergy technology, we found
the one with the ability to perform the most economical processing
solution for reclamation activities for the various levels of
contaminated waters that we encounter in the oil patch."
"With over 85 Cast systems operating worldwide in various other
industries, the technology has withstood the endurance challenge of
harsh water in harsh conditions," said Lee
Maddox, STW Chief Operating Officer.
Maddox added, "STW has worked with TEC to demonstrate the
efficacy of their technology for all Oil and Gas Producers to meet
the most stringent of water quality specifications by the operators
and regulatory agencies."
About STW Resources Holding Corp.
STW Resources Holdings Corp. consults and provides customized
water analysis, reclamation and remediation services to a variety
of complex industrial and municipal applications throughout several
geographic locations. As an independent solutions provider, STW
utilizes proven technologies from various well-known manufacturers.
These technologies are available as fixed or mobile units with
varying capabilities. STW's process ensures that the most effective
and efficient technologies are implemented. Current potential
project locations include the Eagle Ford Shale (TX), and the West
Texas Delaware and Permian Basins (TX). STW is also involved
in the oilfield construction business providing road, pit,
location, and water pond construction. It also offers evaporation
covers for the elimination of evaporation on frac ponds used
through out the oilfield. It is a conservational and economic
method of preserving one of our natural resources and can be
floated on to existing ponds or installed during
construction. It also eliminates algae growth, doubles as a
bird net, and reduces erosion of pond infrastructure. High quality
liners with fusion-welded seams, quality control testing including
air tests of seams and destruction testing are also offered.
www.stwresources.com
About ThermoEnergy Corporation
Founded in 1988, ThermoEnergy is a diversified technologies
company engaged in the worldwide development, sales and
commercialization of patented and/or proprietary municipal and
industrial wastewater treatment and power generation
technologies.
ThermoEnergy Corporation has spent nearly two decades developing
sustainable water treatment and clean energy technologies that help
clients operate more efficiently, save money, reduce their carbon
footprints, and meet sustainability goals. The company's
award-winning wastewater recovery systems provide superior process
economics and environmental compliance for a variety of industrial
and municipal water treatment facilities.
www.thermoenergy.com
Forward-Looking Statements
This news release contains forward-looking statements about our
business, or financial condition and prospects that reflect our
assumptions and beliefs based on information currently available.
We can give no assurance that the expectations indicated by such
forward-looking statements will be realized. There may be other
risks and circumstances that we are unable to predict. When used in
this news release, words such as "believes," "expects," "intends,"
"plans," "anticipates," "estimates" and similar expressions are
intended to identify forward-looking statements, although there may
be certain forward-looking statements not accompanied by such
expressions. Investors should not place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. The company's actual results could differ materially
from those anticipated in these forward-looking statements as a
result of a variety of factors, including risks discussed in the
company's periodic reports that are filed with the Securities and
Exchange Commission and available on its website (www.sec.gov). All
forward-looking statements attributable to the Company or to
persons acting on its behalf are expressly qualified in their
entirety by these factors other than as required under the
securities laws. The Company does not assume a duty to update these
forward-looking statements.
SOURCE STW Resources Holding Corp.