UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15 (d) of the
Securities
Exchange Act of 1934
Date
of Report (Date of earliest event reported):
August
19, 2015
INTEGRATED
ENVIRONMENTAL TECHNOLOGIES, LTD.
(Exact
name of registrant as specified in charter)
Nevada |
|
000-26309 |
|
98-0200471 |
(State
or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS
Employer
Identification No.) |
4235
Commerce Street, Little River, South Carolina |
|
29566 |
(Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code: (843) 390-2500
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2. below):
[ ] Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Section
8 – Other Events
Item
8.01. Other Events.
On
August 19, 2015, Integrated Environmental Technologies, Ltd. issued a press release announcing that it entered into a master service
agreement with EP Energy Corporation (“EP”), a Fortune 2000 independent exploration and production company based in
Houston, Texas, to provide Excelyte® well maintenance treatments on EP’s oil and gas wells in the United
States.
A
copy of the press release is attached hereto as Exhibit 99.1.
Section
9 – Financial Statements and Exhibits
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits:
|
Exhibit
No. |
|
Description |
|
|
|
|
|
99.1 |
|
Press
Release Re: Integrated Environmental Technologies, Ltd. Expands Supply Relationship with EP Energy Corporation |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
|
INTEGRATED ENVIRONMENTAL |
|
TECHNOLOGIES, LTD. |
|
|
|
August
21, 2015 |
By: |
/s/
David R. LaVance |
|
|
David
R. LaVance |
|
|
President
and Chief Executive Officer |
EXHIBIT
INDEX
Exhibit
No. |
|
Description |
|
|
|
99.1 |
|
Press
Release Re: Integrated Environmental Technologies, Ltd. Expands Supply Relationship with EP Energy Corporation |
EXHIBIT
99.1
INTEGRATED
ENVIRONMENTAL TECHNOLOGIES, LTD.
EXPANDS
SUPPLY RELATIONSHIP WITH EP ENERGY CORPORATION
Company
Completes Excelyte® Testing and Becomes Approved Chemical Supplier
LITTLE
RIVER, S.C., August 19, 2015 – Integrated Environmental Technologies, Ltd. (OTCBB: IEVM) today announced that it has entered
into a master service agreement with EP Energy Corporation (“EP”), a Fortune 2000 independent exploration and production
company based in Houston, Texas, to provide Excelyte® well maintenance treatments on EP’s oil and
gas wells in the United States. This was the culmination of a six-month Excelyte® testing and evaluation
process conducted by EP in which Excelyte® well maintenance treatments were performed on four EP test wells
in the Uinta Basin, with the results being compared to other competitive products. These results showed that Excelyte®
was an effective biocide and hydrogen sulfide eliminator and was more cost effective than competing products.
The
Company is currently working with EP to expand Excelyte® well maintenance treatments to additional EP oil
wells in the Uinta Basin. The Company expects to commence Excelyte® well maintenance treatments on additional
EP wells in the Western Gulf Basin (Eagle Ford Shale) and the Permian Basin (Wolfcamp Shale) over the next sixty days. The Company
estimates that there are approximately 1,100 existing oil and gas wells operated by EP that could benefit from Excelyte®
well maintenance treatments.
David
LaVance, the Company’s President and Chief Executive Officer, commented, “Over the past six months, we have worked
closely with EP in the development of our relationship. EP, like our other customers, carefully reviewed the data from the test
wells and compared the Excelyte® results to other products before committing to a supply relationship. The
resulting findings that Excelyte® is effective and provides cost advantages to the producer are the key
to our gaining traction in a marketplace that is now focused on reducing operating expenses and gaining production efficiencies.
We continue to work on the expansion of our production footprint in both South and West Texas and believe that Excelyte®
oil well maintenance treatments in the Uinta, Permian and Western Gulf Basins represent an annual market opportunity in
excess of 350 million.”
As
previously disclosed, Mr. LaVance is scheduled to present at Enercom’s Oil & Gas Conference® 20 in Denver,
Colorado, on Thursday, August 20, 2015 at 9:15 am MDT (11:15 am EDT). A webcast of the presentation can be accessed at the following
link: http://www.oilandgas360.com/togc-webcast/ievm/.
Hydrogen
sulfide is a toxic and corrosive chemical that frequently appears in oil and gas production. Excelyte® acts
as a biocide and as a hydrogen sulfide eliminator/scavenger that kills sulfate-reducing bacteria, which are known to produce hydrogen
sulfide. The Company’s current down-hole well maintenance treatments consist of regularly scheduled Excelyte®
treatments on oil production wells that contain bacteria which can corrode well equipment and well linings; contain bacteria
that can sour the oil produced; and/or test positive for hydrogen sulfide.
About
Integrated Environmental Technologies, Ltd.
Integrated
Environmental Technologies, Ltd. is a publicly-traded company that operates through its wholly-owned operating subsidiary, I.E.T.,
Inc. All of the Company’s products and services are marketed and sold under the umbrella brand name, EcoTreatments™.
The Company markets and sells its anolyte disinfecting solution under the Excelyte® brand name, which is
produced by the Company’s proprietary EcaFlo™ equipment that utilizes an electrolytic process known as
electrochemical activation to reliably produce environmentally responsible solutions for cleaning, sanitizing and disinfecting.
Excelyte® solutions are EPA-registered, hard-surface disinfectants and sanitizers approved for hospital-level
use and are also approved for use as a biocide in oil and gas drilling. The products can be used anywhere there is a need to control
pathogens, bacteria, viruses, and germs. The Company’s EcaFlo® equipment also produces a cleaning
solution that the Company markets under the Catholyte Zero™ brand name. Catholyte Zero™ solutions
are environmentally friendly cleansers and degreasers for janitorial, sanitation and food processing uses. To learn more, visit
www.ecotreatments.com.
Forward-Looking
Statements
Statements
about the company’s future expectations and all other statements in this press release other than historical facts are forward-looking
statements. Such statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially
from expected results. Among these risks, trends and uncertainties are economic conditions both generally and within the industries
in which the Company may participate; competition within the Company’s chosen industries, including competition from much
larger competitors; technological advances; available capital; regulatory approval; and failure by the Company to successfully
develop or acquire products and form new business relationships. Since these statements involve risks and uncertainties and are
subject to change at any time, the Company’s actual results could differ materially from expected results.
Contacts:
Integrated
Environmental Technologies, Ltd.
Thomas
S. Gifford
732-820-1415
tgifford@ietltd.net
Capitol
Media Partners
Brad
Chase
323-377-5653
chase@capitolmediapartners.com