SCOTTSDALE, Ariz., April 25, 2013 /PRNewswire/ -- Abtech Holdings, Inc. (OTC QB: ABHD) ("AbTech" or the "Company"), a full-service environmental technologies and engineering firm dedicated to providing innovative solutions to communities, industry and governments addressing issues of water pollution and contamination, today announced teaming agreements with four water service companies to facilitate the expansion of its oil & gas water management offering. The Company also has multiple additional teaming, licensing, and distribution agreements near final stages of completion.
Through its teaming agreements, AbTech and its teaming partners will be able to offer a full range of water treatment and management capabilities to their clients. AbTech has signed teaming agreements with:
- TETRA Technologies, Inc. – a Texas-based global, diversified oil and gas services company with employees and operations on five continents covering both onshore and offshore services. TETRA was recently named Water Management Company of the Year for the Northeast Region (Marcellus and Utica) at the Oil & Gas Awards.
- Crescent Services, LLC – an Oklahoma-based water management and environmental services company with over 700 employees and locations in eight states.
- Wastewater Solutions Unlimited, LLC – a Texas-based water treatment company with over 30 years of experience covering industrial and Oil & Gas water treatments.
- Ground/Water Treatment & Technology, Inc. – a New Jersey-based company that delivers water management and treatment services with over 17 years of experience and having treated in excess of 400 Million Barrels (16 Billion Gallons) of wastewater from hundreds of project sites throughout North America.
AbTech's Oil & Gas solutions combine best-of-breed commercial technologies, innovative systems engineering, and specialty technologies such as the Smart Sponge® de-oiling technology. The Company's Smart Sponge technology is gaining worldwide recognition as an effective tool in de-oiling applications for the Oil & Gas industry, after having validated its technology on the produced waters of ten different shale plays in the United States, including the Permian, Fayetteville, Bakken, Cana Woodford, Marcellus, Eagleford, Piceance, Frenchie Draw, and Utica shale plays. AbTech was recently named Water Management Company of the Year for the Gulf Coast region at the Oil & Gas Awards and last year's Technological Innovator of the Year at the World Shale Oil & Gas Awards.
AbTech is also announced the validation and scale-up of its cross-linked gel frac recycle unit. Cross-linked gels, one of the two main hydraulic fracturing fluid streams, include various agents to increase viscosity and otherwise improve the fracturing process. AbTech is scaling up its cross-linked gel frac recycle unit to meet the daily flowrate needs of operators particularly in liquid rich basins. AbTech recently validated its ability to remove up to 99% of key cross-link agents such as boron.
AbTech's Executive Vice President of Corporate Strategy and Business Development, Bjornulf White, stated, "We believe that AbTech's proven capabilities in complex water treatment, combined with the broader oil & gas industry-specific expertise of our teaming partners, will enable us to offer the best value to our clients, including delivery and operation of cost-effective, efficient water treatment systems to operators across the country and abroad. We have expanded our offerings to include mobile trailer-based treatment systems and fixed treatment systems for nearly any treatment need. AbTech is finding significant receptivity and interest amongst operators for our systems and have developed a strong pipeline of near term opportunities."
Commenting on the new teaming relationships and AbTech's expanded oil & gas offerings, Glenn Rink, CEO of AbTech commented, "As a solutions company with unparalleled, proprietary technologies, AbTech is collaborating with experienced oil field services companies which will accelerate AbTech's entry into the oil and gas market and expand its offering to customers."
As a result of AbTech's collaborative agreements, the Company intends to broaden its marketing efforts in international markets. Glenn Rink, CEO of AbTech further commented, "The global opportunity for our uniquely engineered water treatment solutions is growing rapidly. The partners we embrace are marquee participants within their industry. They have a large existing customer base and successfully operate within a corporate culture that is focused on customer service and innovation while maintaining the intrinsic values of ethical and environmental compliance."
Mr. Rink concluded, "These strategic relationships are very significant to the Company and we look forward to building upon this very positive momentum."