STW Resources Receives Purchase Order to Deliver Proprietary Water Desalinization Facility for Ranchland Hills Golf Club, Midland, TX
Broadening their model, STW Resources launches an additional revenue stream with technologies parallel to those used by the Company in the oil and gas industry.
MIDLAND, Texas, Sept. 6, 2012 /PRNewswire/ -- STW Resources Holding Corp. ("STW Resources") (STWS.PK) a water reclamation services company, today announced that it has signed a contract with Ranchland Hills Golf Club, Midland, TX, to design, build and deliver a proprietary water desalinization facility to produce 700,000 gallons of water a day by converting brackish well water into the equivalent of rain water to maintain the greens and fairways of the golf course.
Under terms of the agreement, STW has received a down payment and will collect additional manufacturing milestone payments to engineer and install customized equipment that adds proprietary technology and chemicals to a desalinization membrane technology to increase the amount of fresh water recovered and lower the cost of operation. The equipment is to be delivered in 10~12 weeks.
Stanley Weiner, CEO of STW Resources, said, "Of the three bidders on this contract, STW is delighted to report that our design prevailed because it was the most economical to operate and returned a higher percentage of fresh water from the brackish water source, according to John Morrow and Kevin Leary, owners of the Ranchland Hills Golf Club, a Midland institution."
"By cleaning up brackish water to use in watering the golf course, Morrow and Leary are saving the scarce water resources of West Texas," Weiner added. "They are demonstrating that they are conservation-minded and good stewards of the Midland community."
About STW Resources Holdings Corp.
STW Resources Holdings Corp. provides customized water analysis, reclamation and remediation services to a variety of complex industrial and municipal applications throughout several geographic locations. As an independent solutions provider, STW utilizes 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. Current potential project locations include the Marcellus Shale (PA), Eagle Ford Shale (TX), and the West Texas Delaware and Permian Basins (TX).
For more information, please visit the Company's website at www.stwresources.com or contact the Company at (432) 686-7777.
About Ranchland Hills Golf Club
Ranchland Hills Golf Club is located in beautiful Midland, Texas. Ranchland has recently undergone an ownership and management change, bringing with it exciting change and opportunities for the Ranchland Hills members. The course will be undergoing a facelift with all new Bent Grass Greens, state of the art equipment including a robust desalination system for irrigation and all new gas powered golf carts. The Club House is being completely rebuilt to a high level of sophistication and will house a world-class chef and beautiful views of the course. www.ranchlandhillsgolf.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.
SOURCE STW Resources Holding Corp.
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