E3 Services and Solutions Licenses OriginOil Technology for Frack and Industrial Water Reclamation
OriginOil’s Electro Water Separation Technology Selected by E3 for Water Reclamation Projects
Los Angeles, CA and Memphis, TN – June 24, 2014 – OriginOil Inc. (OTC/QB: OOIL), developer of Electro Water Separation™ (EWS), the high-speed, chemical-free process to clean up large quantities of water, announced today that E3 Services and Solutions, LLC (E3), an acquirer and integrator of industrial technologies in fuel, food and health sectors, has agreed to license EWS for integration in systems designed to reclaim water from hydraulic fracturing and industrial operations.
Memphis, Tennessee based E3 intends to develop and further commercialize key OriginOil technologies for oil and gas water reclamation, aquaculture and feed stock production. E3 also plans to partner with OriginOil on research and development projects to further refine the company’s suite of technologies in the field.
“E3 is unique in that we are bringing together a number of technologies focused on the water matrix. Essential to this strategy is finding best-in-breed technologies, acquiring them and deploying services around those same technologies on a global basis,” said Mark A. Skoda, CEO of E3. “Our initial markets include oil and gas drilling, mining, agriculture and aquaculture. We believe our business development process combined with our strong domain expertise allows E3 to rapidly launch these services together with our partners, such as OriginOil, quickly with world class technology. With our deep relationships in the oil services sector and our current business development efforts with a Fortune 50 oil producer, we believe we are well positioned to rapidly get these technologies into the market.”
“E3 is a dynamic technology integrator and with a shared vision to advance innovative solutions commercially,” said Riggs Eckelberry, OriginOil CEO. “We plan to partner with their team in every step of the process to roll out products and services in the frack and industrial water reclamation spaces, as well as in our clean tech business. We welcome them to the growing OriginOil team!”
OriginOil’s breakthrough water cleanup technology, Electro Water Separation (EWS) extracts organic contaminants from large quantities of water for the oil and gas, industrial and agricultural sectors. The technology can be paired with downstream “polishing” technologies to deliver water at a range of purity levels specified by customers.
Skoda added, “it’s also important to note that our extensive relationships in fish farming here in the South should allow us to produce and sell the output of algae feedstock production.”
E3 recently announced its new Evolution Lubricants & Technologies division serving industrial, automotive, drilling and consumer clients, and reported having acquired more than 300 different lubricant technology formulations to serve these markets.
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