67 WALL STREET, New York - August 19, 2013 - The Wall Street Transcript has just published its Water Services Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Water Infrastructure Development - Irrigation and Metering Technology - Water Industry Consolidation - Regulatory Headwinds for U.S. Utilities
Companies include: Aqua-Pure Ventures Inc. (AQE.V) and many more.
In the following excerpt from the Water Services Report, the Chief Operating Officer of Aqua-Pure Ventures Inc. (AQE.V) discusses company strategy and the outlook for this vital industry:
TWST: Can you tell us a little bit about the technology that you're using and where that came from?
Mr. Halldorson: We have two core technologies. The first one is the NOMAD, the evaporator I was talking about earlier. Basically, it's a thermal distillation technology in which we are actually boiling the contaminated saltwater that flows back after the hydrofracturing stimulation of the well. We recondense the steam, turning it back to fresh water that exceeds EPA drinking water standards. That is the technology that came out of the Alberta heavy oil experience, and it is patented, worldwide, with dozens of issued patents. The NOMAD is a very compact, very efficient way to make fresh water out of contaminated water. We have used that technology in the Marcellus, the Barnett and all over areas of Texas.
As these shales have been evolving, we recognized that many of the fracking companies have been able to adapt fracking chemicals to work in salt water. Many of our customers are saying they don't need to go all the way to fresh water. They want to just be able to clean up the water so it's good enough to be reused again - they are asking for clean salt water. So we rolled out a second technology called the ROVER, which focuses on delivering clean salt water at a very low cost.
The ROVER is based on all of our pretreatment experiences over the last decade. It is a technology that takes out the dirt, the clay and polymers and returns clean salt water for reuse. When we meet with the customers, we offer simple solutions. We ask whether they want to go with, one, a saltwater reuse system, i.e. ROVER; or two, use freshwater, i.e. NOMAD. The saltwater option is about a quarter of the cost of going to fresh water, but it's a double-edged sword, because if you go the saltwater path, you are...
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