Jan. 13, 2011 (Filing Services Canada) -- Aqua-Pure Ventures (AQE - TSX Venture),
Fountain Quail Water Management LLC, a subsidiary of Aqua-Pure Ventures, Inc., today announced an alliance with Layne Christensen Company (NASDAQ: LAYN). The parties have executed a Memorandum of Understanding enabling the firms to join forces to provide treatment and disposal solutions in challenging shale gas and other industrial wastewater treatment applications. The agreement takes effect immediately.
The alliance allows both companies to market the other's products and services, and seeks to exploit their complementary technologies to provide shale gas operators with a "turnkey solution" for treatment of flowback, produced water and other waste streams. The combined services will provide a comprehensive solution for pre-treatment, re-use and disposal of drilling wastewater using both mobile and permanent facilities.
"We are extremely pleased to team with an industry leader like Aqua-Pure, which has developed a most cost-effective and viable wastewater recycling process," said Greg Aluce, Layne's President of Water Technologies. "We believe our combined marketing efforts and technical expertise position us as a formidable player in the rapidly expanding shale gas market. Our recent acquisition of Intevras Technologies, a leader in the treatment and disposal of heavy brine in the oil and gas markets, provides synergistic technologies ranging from basic on-site treatment to complete zero-liquid discharge solutions."
"Our relationship with Layne is an important milestone in our company's history, enabling Aqua-Pure to compete aggressively for business in virtually every shale play across North America," said Brent Halldorson, Chief Operating Officer of Calgary-based Aqua-Pure. "Layne is an outstanding company with impeccable credentials, and we are pleased to team with them at this pivotal moment in our industry's development."
In addition to pursuing the vast North American markets, the companies plan to jointly explore global opportunities for their combined technology services, as well as applications in heavy oil, power, mining and other related industries.
Since 2004, Aqua-Pure (www.aqua-pure.com) has developed and refined its industry-leading technology for recycling flowback and produced water in North Texas. During that time, the company has recycled roughly 700 million gallons of wastewater in the Barnett Shale. The treated water, which would otherwise have been injected into disposal wells and permanently removed from the hydrological cycle, is instead re-used in drilling operations.
The cutting-edge technology is now being deployed in the Marcellus Shale, at Eureka Resources' water treatment facility in Williamsport, PA. Aqua-Pure's NOMAD units are now recycling up to 300,000 gallons of wastewater every day from customers that include Range Resources, XTO Energy and Chesapeake Energy.
About Aqua-Pure Ventures Inc.
Aqua-Pure (www.aqua-pure.com)is a leading provider of municipal and oil and gas exploration and development wastewater services and technology solutions that ensure environmental sustainability through the utilization of patented and proprietary technologies. The corporation's common shares are listed on the TSX Venture Exchange under the trading symbol "AQE."
About Fountain Quail
Fountain Quail Water Management (www.fountainquail.com)strives to provide low-cost, practical recycling alternatives for shale gas producers. The company is the global leader in recycling shale gas flowback and produced water into fresh water for re-use. Fountain Quail is wholly-owned by Aqua-Pure Ventures, Inc., and is based in Fort Worth, Texas.
About Layne Christensen
Now in its third century of operations, Layne Christensen Company (www.laynechristensen.com) started in 1882 as a water-well drilling company in the Badlands of South Dakota. Headquartered in Mission Woods, Kan., Layne operates worldwide, providing products and services for the water, mineral, construction and energy markets. Layne Christensen's Water Technologies Division provides products and services for industrial water and wastewater treatment, engineered systems and facility construction. With over 50 offices strategically located nationwide, Layne Christensen is uniquely positioned to offer comprehensive, integrated solutions to solve the most demanding needs of our clients.
For more information, please contact rmagnus@aqua-pure.com or:
Richard Magnus
Chairman
Tel: (403) 301-4123
Cell: (403) 471-8733
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Aqua-Pure Ventures Inc.
#1-135 Commercial Drive,
Calgary, Alberta,
T3Z 2A7, Canada
Source: Aqua-Pure Ventures (AQE - TSX-V) http://www.aqua-pure.com
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