By: Matt Rego
Ecosphere Technologies, Inc. (OTCQB: ESPH) offers a variety of water treatment products, chemical-free treatments for the mining industry, oil & gas industry, and more. The stock is rocketing higher on Monday, July 11, 2016 by 24%, on heavy volume. Over the past three months, Ecosphere Technologies, Inc. (OTCQB: ESPH) has experienced average daily volume of just around 122,835 over the past three months. However, nearly 783,000 shares or $82,215 in dollar volumes had already exchanged hands through the first several hours of trading Monday.
The big news driving shares of Ecosphere Technologies, Inc. (OTCQB: ESPH) is the fact that the company hopes to generate awareness and show off the capabilities of its water treatment products that can clean thousands of gallons of water per minute. In Martin County, Florida, vast algae deposits continue to impact waterways, impact tourism, and hurting wildlife in the area. Here is a video detailing of the recent demonstration: http://www.clickorlando.com/health/alge-eating-robot-helps-clean-south-florida-marina
“We destroy very tough bacteria strains, as well as algae levels, within various types of water, so we’ll be processing roughly approximately 4,000 gallons a minute in this area for the next few days,” detailed Ecosphere Technologies, Inc. (OTCQB: ESPH) CEO, Stephen Leighton.
Ecosphere Technologies, Inc. is a water engineering, technology licensing and innovative manufacturing company that develops non-chemical 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 (“U.S.”) patents for the Ecosphere Ozonix process. The patented Ecosphere Ozonix process is a revolutionary ozone-based 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, Ecosphere has enabled oil and gas customers to recycle and reuse over 2 billion gallons of water on approximately 600 oil and natural gas wells in major shale plays around the United States since 2008.