Drew Bledsoe, former NFL quarterback and principal of Bledsoe Capital Group, appeared on CNBC's Closing Bell on Friday, March 22nd to discuss how Ecosphere's patented Ozonix technology is allowing oil and gas exploration companies to recycle wastewater and eliminate chemicals traditionally used in the hydraulic fracturing, or fracking, process.
"We allow these companies to, first of all, clean the water before they use it the first time, and then also recycle it and reuse it in their process. We're closing the loop for these responsible companies," Bledsoe told "Closing Bell" hosts Maria Bartiromo and Bill Griffeth. "We're eliminating chemicals and we're also reducing dramatically the trucking that's involved with fracking, because they can reuse the water right on site. It's been really effective for us. Our company is growing very quickly and we're excited about the future."
Ecosphere Technologies Inc. is a water engineering, technology licensing and innovative U.S. manufacturing company that develops non-chemical water treatment solutions for industrial markets throughout the world. The Ecosphere Ozonix process is an advanced oxidation process that is currently being used by energy exploration companies to reduce costs, increase treatment efficiencies and eliminate liquid chemicals from wastewater treatment operations around the United States.