Latitude Solutions Inc. Announces Signed Agreement To Deploy Proprietary Wastewater Treatment System at Harley Dome Waste water facility in Utah
BOCA RATON, Fla., June 18, 2012 /CNW/ - Latitude Solutions, Inc. (OTC: LATI.QB) announced today that its has signed a contract with Harley Dome LLC to deploy the Company's proprietary Electro-Precipitation™ EP™ water remediation technology at the Harley Dome Waste Water Facility in Westwater, Utah. Harley Dome is a full service waste water processing facility. The agreement consists of a fee per barrel processed for the provisioning of the equipment.
Mr. Jerry Langdon, Latitude Solutions, Inc.'s CEO, stated, "We are pleased to provide our proprietary technology to support the operations for Harley Dome. Latitude's EP™ technology provides a turn-key sustainable solution which enables oil and gas service companies to reuse and recycle large amounts of previously unusable water while reducing costs. This contract expands the footprint of our innovative Electro-Precipitation™ technology within the oil and gas industry into the Piceance and Uinta Basins in Colorado and Utah." Mr. Langdon further stated that, "Oil and gas is among the several industry applications for our technology. Latitude Solution's is continuing to pursue other revenue streams for our proprietary waste water treatment solutions which include public/private utilities, food processing, paper/pulp processing, and mining companies. We are redoubling our marketing efforts in all sectors to deploy our inventory of equipment to grow revenues going forward."
Mr. Mitch Burroughs, managing member of Harley Dome LLC, said "We are very excited about bringing the Latitude system to our facility. We expect that the installation of the Latitude System will allow us to treat a much higher volume of water. This will allow us to service a much bigger segment of the waste water market in Colorado and Utah than we have previously been able to service. Our success with the Latitude system will allow us to transfer the technology to our other facilities in Colorado and Texas where we can partner with Latitude Solutions to handle our customer's waste water treatment needs."
About Latitude Solutions, Inc.
Latitude Solutions, Inc. provides innovative wastewater remediation solutions worldwide to oil & gas, energy, mining, food processing, agricultural and other industrial users worldwide utilizing its patented Electro Precipitation™, (EP™) technology. LSI's proprietary Electro Precipitation™, Integrated Water Systems™ (IWS™) technology provides a sustainable solution to water related oil and gas production issues by rendering previously unusable production, flowback and other contaminated water suitable as reusable makeup water for ongoing operations, including hydraulic fracturing. This re-use process significantly reduces costs associated with water transportation costs, potential spill liabilities and disposal of contaminated water as well as reduces the dependence on highly sought-after new sources of fresh water for continuing operations. The Company provides its technology worldwide via a recurring revenue business model composed of a monthly equipment lease payment and a volumetric processing fee. 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 Boca Raton, Florida; Colorado Springs, Colorado; Fort Worth, Texas; New York, New York; Searcy, Arkansas and London, U.K. Information on the Company and its products can be viewed on www.latitudesolutions.net.
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.
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