AbTech Named 2012 Technology Innovator at Third Annual World Shale Oil & Gas Awards Natural Gas Industry Selects AbTech's Produced Water Pre-Treatment System as "Technological Breakthrough of the Year"
SCOTTSDALE, Ariz., Sept. 20, 2012 /PRNewswire/ -- AbTech Holdings, Inc. (OTCQB: ABHD) ("AbTech" or the "Company"), a developer and manufacturer of patented innovative environmental technologies addressing issues of water pollution and contamination, announced today that it has been honored with the Third Annual World Shale Oil & Gas Award for Technological Innovator of 2012.
Presented in partnership with the American Gas Association and International Gas Union, the Third Annual World Shale Oil & Gas Summit is North America's premier event for senior level decision makers and technical professionals from the international shale oil and gas industry. This year's event is being held on September 18 – 21 in Houston, Texas. As part of the annual event, the shale industry is invited to nominate companies for three awards—Technological Innovator, International Pioneer, and Community Engagement Leader. Winners are chosen by a selection committee comprised of industry leaders and winners are honored at an exclusive awards dinner, hosted this year by BHP Billiton on September 19 at the Petroleum Club in Houston.
"It is a great honor to be recognized by our partners in the shale gas industry for our work creating innovative and economical environmental solutions that support sustainable natural gas production in the U.S. and abroad," said AbTech founder Glenn Rink. "Our systems have the ability to reduce both water and air pollution at fracking sites, minimize fresh water usage, and harvest valuable hydrocarbons from frac and produced water that can be used to reduce overall energy costs."
AbTech's Produced Water Pre-Treatment System combines best-of-breed available technologies, innovative system engineering, and AbTech's proprietary Smart Sponge® de-oiling technology to remove oil and other contaminants from frac and produced water at natural gas production sites. The pretreatment system employs a three-stage process for oil recovery, de-oiling, and VOC air stripping, offering natural gas producers a complete solution that works with and protects any downstream produced water treatment systems being employed in the field. Proven to remove up to 99.9% of hydrocarbons from produced and frac water, AbTech's Smart Sponge® media also has a high BTU value once saturated, and has the potential to be used as an energy source to fuel fracking operations.
AbTech Media Contact:
Regan Communications Group
AbTech Investor Contact:
Yvonne L. Zappulla
Grannus Financial Advisors, Inc.
World Shale Oil & Gas Contact:
Senior Marketing Manager
Tel: +44 (0) 207 978 0081
ABOUT ABTECH HOLDINGS, INC. (OTCBB: ABHD) AND ABTECH INDUSTRIES, INC.
AbTech Industries, Inc. (a subsidiary of AbTech Holdings Inc.) is 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. Its products are based on polymer technologies capable of removing hydrocarbons, sediment and other foreign elements in stormwater runoff (ponds, lakes and marinas), flowing water (curbside drains, pipe outflows, rivers and oceans), and industrial process and wastewater. AbTech's offerings include the ground-breaking new antimicrobial technology called Smart Sponge® Plus. This technology is effective in reducing coliform bacteria found in stormwater, industrial wastewater, and municipal wastewater. Smart Sponge® Plus is registered with the Environmental Protection Agency (Registration #86256-1). AbTech's teams of water treatment technology experts, civil and environmental engineers, and field operations specialists develop solutions to improve the quality of our limited water resources. AEWS Engineering (a subsidiary of AbTech Holdings, Inc.), is an independent civil engineering and environmental engineering firm partnered with top research and engineering universities. By focusing on bringing new engineering and technology innovation to the water infrastructure sector, AEWS is positioned to be at the forefront of stormwater Best Management Practices development and to deliver the latest in design excellence to its customers. For more information please visit www.abtechindustries.com. More information on AEWS Engineering can be found at www.aewsengineering.com.
This news release contains "forward-looking statements" which are not purely historical and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE AbTech Holdings, Inc.