Denver, CO, March 09, 2022 (GLOBE NEWSWIRE) — Umbra Applied Technologies Group, Inc’s (OTC Pink: UATG) subsidiary, H2O Processing, today announced that its proprietary advanced water treatment technology will be presented to over 300 industry leaders already registered to attend this year’s annual Oilfield Water Markets Conference in Dallas, Texas on March 10-11 of this year.
Located downtown next to an iconic Dallas landmark, Reunion Tower, Hyatt Regency Dallas will be the event site for this year’s conference hosted by Oilfield Water Connection. The maturation of the full-cycle oilfield water management industry coincides with heightened investor attention to water-related environmental and ESG issues, creating new opportunities and risks for businesses. Building on the success of our past events, this conference will bring together key business leaders from across the water value chain (including E&P operators, water midstream companies, technologies and services , and information providers) for networking and knowledge sharing.
H2O Processing President and CEO Stan Abrams said, “Working with our strategic partner, we will be demonstrating a tabletop version of our technology capabilities. This unit has been fully customized to make it easy to demonstrate our current technology, while also showcasing some of the additional capabilities we can add to larger systems. I look forward to working alongside our partners at this year’s conference.”
The Demonstration Unit is the scaled-down system that will be showcased at the conference and is being developed as an “in-the-field” proof-of-technology system to work alongside its larger mobile demonstration units that are selling between $700,000 and $800,000 each. The company estimates that these demonstration systems will facilitate sales of its largest mobile systems, costing between $1.8 million and $2.5 million each. Last year, the company unveiled to the world its third-generation mobile water treatment system consisting of three fifty-foot trailers and a mobile command center bus capable of remotely operating/monitoring performance and system status.
H2O Processing is a manufacturing, research and engineering company, with extensive experience in the water treatment industry. With an expanding intellectual property portfolio, the H2O team has just begun its expansion as a comprehensive supplier and manufacturer of mobile onsite and stationary commercial water treatment platforms.
Mobile platforms are fully automated and can be managed remotely by H2O Processing from their Denver headquarters or managed by customers’ on-site team. The mobile platform is ready for commercial production and is being shipped to market.
President of H2O Processing’s parent company, UAT Group, Alex Umbra, said, “We are very pleased to support H2O Processing and its oil industry partner as they network with operators in the industry and demonstrate the most advanced water treatment system available today. The removal of heavy metals from well site water is a current issue in the industry and H2O Processing is well positioned to meet the growing modern challenges of this sector.”
For more information about H2O Processing, Inc., visit: https://h2oprocessing.com/
About Umbra Applied Technologies Group, Inc.
The company is located in Tampa, Florida, and focuses on advanced technologies across many disciplines. UAT Group is a holding company with interests in public and private companies in the early stages of development as well as growth stages of businesses with a synergistic business model with UAT Group subsidiaries.
For more information, visit www.uatgroup.com
Investor and media contact: [email protected]uatgroup.com
About H2O Processing, Inc.
The company is located in Denver, CO and is a leading water treatment technology company.
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This press release may contain “forward-looking statements”, including forecasts, estimates, expectations and targets for future transactions, including, but not limited to, its ability to enter into a business combination with a third party, asset sale, return of capital or IPO offer and/or secondary listing as a result of the above and its ability to fund exploration of its assets through equity raising or debt capital or financing by a joint venture partner which are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of H2O Processing, including, but not limited to , capital markets and securities risks and the continued success of technology development. There can be and there is no real or implied guarantee that any of the above activities will be completed or completed on terms acceptable to the Company and its shareholders or approved by any relevant regulatory authority. This forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. H2O Processing undertakes no obligation to update forward-looking statements, except as required by applicable law.