WORCESTER, Mass., May 9, 2013 /PRNewswire/ -- ThermoEnergy
Corporation (OTCBB: TMEN) has appointed Bill Bailey Sales Director,
Oil & Gas Industry. Bailey will lead the company's business
development efforts to build market share for ThermoEnergy's
produced water and flowback water recovery and recycling
systems.
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"The recovery and recycling of shale oil and gas produced waters
is a large market opportunity for ThermoEnergy," said Chairman and
CEO, James Wood. "Bill is a seasoned
business development and sales executive with extensive experience
in both the public and private sectors of the water equipment
market for the oil and gas industry. We anticipate that his
contribution to our sales and marketing efforts in this industry
will significantly accelerate our sales opportunities."
Prior to joining, ThermoEnergy, Bailey was Regional Sales Manager –
Texas, Louisiana, and Oklahoma, at Caldwell Tanks, the country's
largest elevated tank manufacturer. At Caldwell, Bill consulted with
customers in the design, fabrication and erection of above
ground welded steel storage tanks for use in the storage of oil,
gasoline, chemicals, and oil/gas produced water at refineries,
terminals, pipelines and production facilities throughout
the United States. Prior to his
role at Caldwell, Bailey served in senior sales and business
development roles at Landmark Structures, and Utility Service
Company.
Bailey earned a BS degree at
Sam Houston State University, and an
MBA degree at University of Texas at
Arlington. He is a member of the American Water Works
Association, National Association of Corrosion Engineers, Texas
Water Utilities Association, Texas Rural Water Association, and
Texas Municipal League, as well as a speaker at a number of events
sponsored by these organizations.
ThemoEnergy has completed successful field demonstrations of its
TurboFrac® and FracGen® systems at shale oil well sites in
Texas. ThermoEnergy TurboFrac
systems recover and recycle contaminated produced water and
flow-back water created by shale oil and gas production. In
addition to recovering usable water for reuse in hydrofracking or
other applications, the TurboFrac system can concentrate brine,
chemicals and other impurities for beneficial use or cost-efficient
disposal.
ThermoEnergy FracGen systems remove brine and other impurities
in brackish water from lakes, rivers, streams and local aquifers,
producing water suitable to be used for hydraulic fracturing in
shale oil and gas production. The company's first commercial system
has been in successful operation at an oil field in Texas since October, 2012.
"U.S. oil and gas production creates tens of millions of barrels
per day of contaminated wastewater that if not recycled, must to be
trucked to disposal sites incurring huge costs at some shale
plays," said Wood. "ThermoEnergy has more than 20 years of
experience developing wastewater recovery systems for high TDS
(Total Dissolved Solids) wastewater similar to produced water. Our
proven CAST® platform technology is durable, low-maintenance,
efficient, scalable, and mobile, so our TutboFrac systems can be
deployed cost efficiently at well sites with both low and high
volumes of produced water and a wide range of water
chemistries."
About ThermoEnergy Corporation
Founded in 1988,
ThermoEnergy is a diversified technologies company engaged in the
worldwide development, sales and commercialization of patented
and/or proprietary wastewater treatment and power generation
technologies. The company has been a pioneer in the development of
sustainable water treatment technologies that help clients operate
more efficiently, save money, reduce their carbon footprints, and
meet sustainability goals. Additional information on the Company
and its technologies can be found on its website at
www.thermoenergy.com
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SOURCE ThermoEnergy Corporation
