ThermoEnergy Corporation Appoints Sales Director for Shale Oil & Gas Wastewater Recycling Systems Company Accelerating Marketing Efforts to Capitalize on Growing Water Demand and Environmental Challenges Facing Shale Oil & Gas Production
WORCESTER, Mass., May 9, 2013 /PRNewswire/ -- ThermoEnergy Corporation (OTCBB: TMEN) has appointed Bill Bailey Sales Director, Oil & Gas Industry. Bailey will lead the company's business development efforts to build market share for ThermoEnergy's produced water and flowback water recovery and recycling systems.
"The recovery and recycling of shale oil and gas produced waters is a large market opportunity for ThermoEnergy," said Chairman and CEO, James Wood. "Bill is a seasoned business development and sales executive with extensive experience in both the public and private sectors of the water equipment market for the oil and gas industry. We anticipate that his contribution to our sales and marketing efforts in this industry will significantly accelerate our sales opportunities."
Prior to joining, ThermoEnergy, Bailey was Regional Sales Manager – Texas, Louisiana, and Oklahoma, at Caldwell Tanks, the country's largest elevated tank manufacturer. At Caldwell, Bill consulted with customers in the design, fabrication and erection of above ground welded steel storage tanks for use in the storage of oil, gasoline, chemicals, and oil/gas produced water at refineries, terminals, pipelines and production facilities throughout the United States. Prior to his role at Caldwell, Bailey served in senior sales and business development roles at Landmark Structures, and Utility Service Company.
Bailey earned a BS degree at Sam Houston State University, and an MBA degree at University of Texas at Arlington. He is a member of the American Water Works Association, National Association of Corrosion Engineers, Texas Water Utilities Association, Texas Rural Water Association, and Texas Municipal League, as well as a speaker at a number of events sponsored by these organizations.
ThemoEnergy has completed successful field demonstrations of its TurboFrac® and FracGen® systems at shale oil well sites in Texas. ThermoEnergy TurboFrac systems recover and recycle contaminated produced water and flow-back water created by shale oil and gas production. In addition to recovering usable water for reuse in hydrofracking or other applications, the TurboFrac system can concentrate brine, chemicals and other impurities for beneficial use or cost-efficient disposal.
ThermoEnergy FracGen systems remove brine and other impurities in brackish water from lakes, rivers, streams and local aquifers, producing water suitable to be used for hydraulic fracturing in shale oil and gas production. The company's first commercial system has been in successful operation at an oil field in Texas since October, 2012.
"U.S. oil and gas production creates tens of millions of barrels per day of contaminated wastewater that if not recycled, must to be trucked to disposal sites incurring huge costs at some shale plays," said Wood. "ThermoEnergy has more than 20 years of experience developing wastewater recovery systems for high TDS (Total Dissolved Solids) wastewater similar to produced water. Our proven CAST® platform technology is durable, low-maintenance, efficient, scalable, and mobile, so our TutboFrac systems can be deployed cost efficiently at well sites with both low and high volumes of produced water and a wide range of water chemistries."
About ThermoEnergy Corporation
Founded in 1988, ThermoEnergy is a diversified technologies company engaged in the worldwide development, sales and commercialization of patented and/or proprietary wastewater treatment and power generation technologies. The company has been a pioneer in the development of sustainable water treatment technologies that help clients operate more efficiently, save money, reduce their carbon footprints, and meet sustainability goals. Additional information on the Company and its technologies can be found on its website at www.thermoenergy.com
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SOURCE ThermoEnergy Corporation