Get the latest delivered to your inbox
Privacy Policy

Now Reading

Integrated Environmental Technologies Signs Deal with Benchmark Performance Group

Integrated Environmental Technologies Signs Deal with Benchmark Performance Group

Published 04-04-07

Submitted by Integrated Environmental Technologies, Ltd.

LITTLE RIVER, S.C.--(BUSINESS WIRE)--April 4, 2007--Integrate Environmental Technologies, Ltd. (OTCBB: IEVM) announced today that its wholly owned subsidiary, I.E.T., Inc., has entered into a sale contract with Benchmark Energy Products, L.P. for over $300,000 dollars of EcaFlo® equipment. Benchmark is one of the world's leading developers and suppliers of specialty chemicals for the oil well pressure pumping services industry, with over 250 employees, product research and manufacturing centers in Texas and Colorado and distribution locations throughout the United States. Under the terms of the agreement, IET has delivered its first EcaFlo® C-102 demonstration equipment to Benchmark's new product development lab facility in Houston, Texas, with additional EcaFlo® units to be delivered in the next 30-60 days. Benchmark has carefully developed its reputation as an innovator in both product development and product delivery and will use the demonstration unit to begin its introduction
of EcaFlo® fluids - anolyte and catholyte - to its oilfield services customers for use in controlling bacteria, viruses, fungi, and other microorganisms, utilizing the environmentally-responsible process known as electro-chemical activation ("ECA").

IET's EcaFlo® equipment produces two types of environmentally-responsible, cost effective "ECA" solutions: Anolyte, a broad-spectrum, non-hazardous, neutral pH, "natural" germicidal agent used to kill all types of bacteria, fungi and microorganisms, and Catholyte, an anti-oxidizing, "green," solution used as a degreaser or detergent.

EcaFlo® equipment has been sold into the oil and gas industry in order to produce biocidal solutions which successfully manage bacteria down-hole and in "frac" water, without the use of hazardous chemicals. Benchmark and IET agree that there appear to be many more economically viable applications for EcaFlo® fluids throughout the industry.

Wayne Kinsey, President and CEO of Benchmark Performance Group, Inc. and its various affiliates, including Benchmark Energy Products, stated, "Advancements in water treatment technologies, such as the one IET brings to us in its EcaFlo(R) equipment and fluids, allow us to introduce new, environmentally-friendly solutions for the age-old problems associated with treating the waters used and produced in oil and gas well fracturing applications. We recognize and respect the fact that this planet only has so much water and we must truly take the first steps in protecting that natural resource, so much of which lies underneath the ground in close proximity with our oil and gas. We will all benefit from using non-hazardous chemicals to take care of the water supplies associated with the production of oil and gas - and now Benchmark can take the lead in that effort by providing EcaFlo(R)solutions that will benefit both our customers and future generations. We're convinced that IET has 'built a better mousetrap', and we look forward to further business discussions and an expanded relationship with them."

William Prince, President and CEO of Integrated Environmental Technologies said, "Building a relationship with Benchmark Performance Group, will allow us to provide customers with the next generation of safe, cost effective, environmentally-responsible water treatment solutions in this industry, and possibly others. We look forward to building upon our relationship with Benchmark, as well as exploring other applications with our new 'partner.'" Prince added, "IET and EcaFlo(R) fluids will add a selection to Benchmark's menu that will hopefully lead to a long and sustaining future for both companies, and most importantly, to the world we want to make a better place."

About Benchmark Performance Group: Benchmark is a manufacturer and supplier of, among other things, specialty chemicals, compounds and additives developed for industrial and oilfield applications, including, but not limited to, proprietary cross-linkers, polymers, polymer slurries and other fluid additives used in oil and gas well cementing, stimulation and production fluids. www.benchmark-research.com.

Forward-Looking Statements: The statements in this press release regarding the sale of EcaFlo(R) equipment and/or any further agreements with Benchmark Performance Group's, future opportunities and any other effect, result or aspect of the agreement and any other statements, which are not historical facts, are forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, costs and difficulties related to the integration of EcaFlo(R) fluids into Benchmark Performance Group's services, actual revenues to be derived as a result of any current or pending agreement, applicability of IEVM's technology, costs, delays, and any other difficulties related to IEVM's business plan, risks and effects of legal and administrative proceedings and governmental regulation, future financial and operational results, general economic conditions, and the ability to manage and continue growth. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. IEVM undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

For more information on the IET's products, please visit: www.ietusa.net.

For more information on IEVM's Investor Relations, please visit: www.ietltd.net.



Copyright Business Wire 2007

Integrated Environmental Technologies, Ltd.

Integrated Environmental Technologies, Ltd.

More from Integrated Environmental Technologies, Ltd.

Join today and get the latest delivered to your inbox