STUART, Fla., Jan. 7, 2013 (GLOBE NEWSWIRE) -- Ecosphere Technologies, Inc. (OTCBB:ESPH), a water engineering, technology licensing and innovative manufacturing company, today announced that the Company has appointed Dean Becker to its Board of Directors, effective January 1, 2013. Becker will also serve as an intellectual property consultant to Ecosphere and will work with Founder and Chief Technology Officer, Dennis McGuire, to monetize the Company's intellectual property and accelerate the deployment of its patented Ozonix® technology in fields beyond U.S. onshore energy production.
Mr. Becker is currently the Chief Executive Officer of ICAP Patent Brokerage and ICAP Ocean Tomo Auctions. As a creator and leader of patent auctions since 2006, he has distinguished himself as one of the world's leading entrepreneurs in the development of next generation technology markets.
"Dean is a leading expert on monetizing intellectual property and will play a key role in helping Ecosphere execute on our 'Open Innovation' business model," stated Charles Vinick, Chairman and CEO of Ecosphere Technologies. "Licensing our Ozonix technology across a range of industries and applications globally is a key component of our growth strategy, and Dean's expertise and experience will be critical as we enter new industrial and geographic markets."
Becker is recognized for his vision and concept implementation. His ability to adapt to the evolving intellectual property marketplace has established and reinforced ICAP Patent Brokerage's reputation as the worldwide authority on monetizing IP in a wide range of technology areas. Under his leadership, ICAP Patent Brokerage has closed record-setting transactions in various industries, including cloud computing, social networking, smart cards, and consumer electronics.
"Ecosphere's business model, which is focused on developing and licensing its patented technology, is directly in line with my career experience," said Becker. "I am looking forward to assisting Ecosphere's management team in licensing its Ozonix technology to industry partners and solving water treatment issues across a range of industries and applications globally."
About Ecosphere Technologies
Ecosphere Technologies, Inc. (OTCBB:ESPH) 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 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 two billion gallons of water on more than 600 oil and natural gas wells in major shale plays around the United States since 2008.
For more information, please visit www.EcosphereTech.com.
To receive timely information on Ecosphere Technologies, sign up for Ecosphere's email news alert system at http://www.ESPH-IR.com.
The Ecosphere Technologies, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=12214
CONTACT: Investor Relations: Gary Dvorchak, CFA Senior Vice President ICR, LLC +1 (310) 954-1123 firstname.lastname@example.org Press and Media Relations: Brian Ruby Vice President ICR, LLC +1 (203) 682-8268 email@example.com Company: Corey McGuire Director of Marketing Ecosphere Technologies, Inc. +1 (772) 287-4846 firstname.lastname@example.org
Source:Ecosphere Technologies, Inc.