Wall St Journal: Ecosphere Technologies of Stuart announces agreement with Brasil Clean Energy

Ecosphere’s Ozonix® Technology offers customers and partners a chemical-free alternative to high-volume water recycling for a diverse range of applications. (Source: Ecosphere Technologies)

 

Ecosphere Technologies, Inc. (OTCBB:ESPH), a U.S. technology licensing and innovative manufacturing company, today announced that it has signed an exclusive technology licensing and equipment purchase agreement with Brasil Clean Energy, a Brazilian environmental services company, to deploy its patented Ozonix(R) water treatment technology for the Food and Beverage industry in Brazil.

Under the terms of the agreement in order to maintain exclusivity, Brasil Clean Energy is required to purchase a minimum of $5 million worth of Ozonix(R) equipment during the next two years, plus a royalty payment based on usage or revenue, with a minimum amount earned per machine. Brasil Clean Energy has funded the purchase of its first Ozonix(R) water treatment system and manufacturing has begun at Ecosphere’s corporate headquarters in Stuart.

For the complete article: http://online.wsj.com/article/PR-CO-20140715-904752.html

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