Electric Power Research Institute, Inc. (EPRI) and Latitude Solutions, Inc. enter into an agreement to evaluate Latitude's Electro Precipitation™ water remediation technology for use in the electric utility industry
FORT WORTH, Texas, Aug. 20, 2012 /PRNewswire/ -- Latitude Solutions, Inc. (OTC QB: LATI), a water remediation company, announced today that they have entered into an agreement with Electric Power Research Institute, Inc. (EPRI). EPRI will evaluate the effectiveness of Latitude Solutions' Electro Precipitation™ technology on the remediation and removal of trace elements from coal-fired power plant liquid discharge streams.
Latitude Solutions, Inc. (LSI) and its subsidiaries provide proprietary and innovative wastewater remediation solutions to oil & gas, energy, mining, food processing, pulp and paper, and other industries worldwide, employing their Electro Precipitation™ (EP™) technology. LSI's EP™ technology provides a customizable, environmentally responsible and sustainable solution to remediate many different industrial sources of wastewater. This formerly unusable water can be utilized for ongoing operations, including formation water produced from oil & gas operations and flowback from hydraulic fracturing, aiding in the reduction of costs associated with fresh water acquisition, transportation of both fresh and wastewater, and disposal of contaminated water. The Company maintains ownership and operational control of all its processing equipment in order to ensure the best possible level of client satisfaction and quality control. LSI has offices and/or operations in Fort Worth, Texas; Boca Raton, Florida; Colorado Springs, Colorado; Searcy, Arkansas; and Amsterdam, The Netherlands. Information on the Company and its products can be viewed on www.latitudesolutions.net.
About Electric Power Research Institute, Inc.
The Electric Power Research Institute, Inc. (EPRI) conducts research and development relating to the generation, delivery and use of electricity for the benefit of the public. An independent, nonprofit organization, EPRI brings together its scientists and engineers as well as experts from academia and industry to help address challenges in electricity, including reliability, efficiency, health, safety and the environment. EPRI also provides technology, policy and economic analyses to drive long-range research and development planning, and supports research in emerging technologies. EPRI's members represent approximately 90 percent of the electricity generated and delivered in the United States, and international participation extends to 30 countries. EPRI's principal offices and laboratories are located in Palo Alto, Calif.; Charlotte, N.C.; Knoxville, Tenn.; and Lenox, Mass.
Safe Harbor Statement
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation: acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
CONTACT: Alan Bergman Vice President, Finance Latitude Solutions, Inc. [email protected] (561) 417-0644