By
By: AllPennyStocks.com
It’s one of the worst environmental disasters in American history, one that has
those monitoring the environment racking their brains, along with scientists and
folks who make their living in the petroleum industry. Containing the massive
oil spill in the Gulf of Mexico has proven a challenge for all concerned –
affecting not only wildlife and sea life, but also workers in the tourism
industry, from which Louisiana fills its state coffers.
With the crisis coming to a head in early June, it was notable that two
companies came to the rescue. One was Florida-based Ecosphere Technologies, Inc.
(OTCBB:ESPH), who told industry types and investors alike that its newest
products are being deployed to the Gulf region to help in the remediation
efforts following the spill.
ESPH is the author of the patented Ozonix Systems, a non-chemical water
treatment system specifically built for removing oil and chemicals from water.
The system was sent following the signing of a Letter of Intent with Mid-Gulf
Recovery Services, LLC.
Ozonix has been endorsed by no less illustrious a figure than world renowned
environmentalist and ocean explorer Jean-Michel Cousteau (“we must embrace
non-chemical solutions like the Ecosphere Ozonix technology to clean up the
damage as soon as possible.”). The process combines ozone generation and
ultrasound technology in a pressure compensated reaction tank for more effective
treatment and remediation.
In natural gas exploration, Ozonix works by oxidizing soluble and insoluble
organics from effluent and suspended solids to less than one part per million.
Ozonix also purports to oxidize slime and oil sheens, as well as heavy metals
and magnesium, and decomposes dissolved ammonia.
ESPH, headquartered in the town of Stuart, Florida, is a diversified water
engineering and environmental services company which provides environmental
services and technologies for use in large-scale and sustainable applications
across industries, nations and ecosystems.
Mid Gulf, for its part, has been in business since 1965, when it was first
pressed into action to clean after Hurricane Betsy, and has continued those
efforts ever since.
The activity spawned by ESPH’s reaction to the crisis has sent volumes rocketing
into the stratosphere; more than two million shares changed hands on June 4,
bringing the price up around $1.30. That’s still well below the 52-week peak the
stock experienced in March, at $1.87, but also towering above the trough of 31
cents at which the stock found itself last August. How quickly Ozonix helps the
company – and the environment – clean up after the disaster in the Gulf is a
matter of time. But investors, while they watch how the disaster plays itself
out, should give ESPH a once-over.
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