MIDLAND, Texas, Dec. 7, 2011 /PRNewswire/ -- STW Resources Holding Corp. ("STW Resources") (OTCQB: STWS), a water reclamation services company, today announced it has signed a memorandum of understanding with WorleyParsons Group, Inc., (WorleyParsons), a Delaware corporation, a global provider of technical, project and operational support services delivering engineering, procurement and construction management.
Under the terms of the agreement, STW and WorleyParsons will cooperatively pursue joint business opportunities with municipalities and companies within the energy sector. The MOU creates a formidable combined offering, leveraging the engineering services and expertise of WorleyParsons, a company with over 34,000 employees, STW's knowledge of the energy sector and Bob J. Johnson and Associates (BJJA) technology expertise along with the knowledge and experience to handle any and all contaminated waters. The agreement effectively and immediately expands WorleyParsons' domestic services by utilizing its energy and municipality teams in the United States and Australia. The MOU also positions STW to benefit from the global reach and unrivaled reputation of one of the world's largest engineering organizations.
This agreement will expand STW's existing resources and create a more comprehensive and sophisticated treatment system tailored for the unique logistical needs of each municipal and oilfield customer addressing the infrastructure and water transfer strategies.
STW and WorleyParsons are currently analyzing the design of a water treatment system with a municipality looking to alternative sources for water rather than traditional surface or fresh water aquifers. STW is in various stages of development of proposals for water reclamation projects for oil and gas companies that WorleyParsons could be an integral part of.
Ken Burris, Senior Principal Consultant and Director of Water and Wastewater in the United States for WorleyParsons, commented, "The alignment of our industrial and municipal strengths with the opportunities that exist through STW's knowledge and resources in the oil and gas sector creates great synergy and a win-win relationship."
This agreement will allow STW to provide total solution services consisting of engineering, process and design, technology, installation and operation, and financing for water projects. This relationship, coupled with the previously announced agreement with Bob J. Johnson & Associates, Inc., (BJJA), a full-service water treatment firm, help to create a problem-solving distribution network for water reclamation solutions for a large group of potential customers.
Stanley Weiner, CEO of STW Resources, added, "We are excited to partner with WorleyParsons, one of the world's largest, most innovative and well-respected firms in industrial and municipal water project engineering. We are focused on building total project delivery capabilities, and this agreement combines WorleyParsons' engineering and project construction services expertise with STW's experience as a water treatment services and technology provider. By partnering with established industry leaders in engineering and manufacturing, our target market base is immediately expanded and our pipeline of opportunities increases. As a result, STW's ability to provide project financing and on-site management is expected to create revenue expansion opportunities for both STW and WorleyParsons."
From small brownfield services contracts to mega greenfield projects, WorleyParsons has the skills and technologies to address all challenges. Its service capability covers the entire asset lifecycle: from identifying the opportunity to the operating phase.
Ken Burris, WorleyParsons liaison with STW, is a Senior Principal Water-Wastewater Consultant for WorleyParsons, based in Houston, Texas. He is the Director of Water Sector for the United States and Caribbean within WorleyParsons. Ken has over 34 years of professional experience in industrial water purification and industrial wastewater treatment, many integrating membrane separation. He has extensive experience in brackish and seawater desalination, as well as industrial applications using membranes. Ken has experience in the project planning and management of large, complex projects. He has been involved with all phases of projects; including program development, project planning, technical execution, preliminary concept design, detailed engineering design, client interface, management of diverse groups, project completion, budget management, environmental compliance etc. Ken has extensive experience working on domestic and international projects. His experience includes the broad global issues related to industrial water purification, industrial wastewater treatment, water resource management, recycle/reuse and sustainability.
More information is available at http://www.worleyparsons.com
About STW Resources Holding Corp.
STW Resources Holdings Corp. ("STW Resources"), provides customized water analysis with the ability to provide reclamation and remediation services to a variety of complex industrial and municipal applications throughout several geographic locations. As an independent solutions provider, STW's water reclamation systems contain proven technologies from various well-known manufacturers. These technologies are available as fixed or mobile units with varying capabilities. STW's process ensures that the most effective and efficient technologies are implemented. For more information, go to: www.stwresources.com.
This news release contains forward-looking statements about our business, or financial condition and prospects that reflect our assumptions and beliefs based on information currently available. We can give no assurance that the expectations indicated by such forward-looking statements will be realized. There may be other risks and circumstances that we are unable to predict. When used in this news release, words such as "believes," "expects," "intends," "plans," "anticipates," "estimates" and similar expressions are intended to identify forward-looking statements, although there may be certain forward-looking statements not accompanied by such expressions. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including risks discussed in the company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements, except as required by law.
SOURCE STW Resources Holding Corp.