Integrated Environmental Technologies, Ltd. is a life sciences company focused on providing smart solutions to America’s most pressing environmental and health problems. Under the EcoTreatments™ brand, the company markets and sells Excelyte™, an anolyte disinfecting solution, and Catholyte Zero™, a proprietary cleaning solution. Excelyte is an EPA-registered hard surface disinfectant and sanitizer approved for use in hospitals and as a biocide in oil and gas drilling, while Catholyte Zero is an environmentally-friendly cleanser and degreaser for janitorial, sanitation and food processing purposes.
In recent months, the company has primarily focused on the distribution of its Excelyte solutions to oil and gas production clients. As of IEVM’s latest update in May, the company was providing its powerful disinfectant to four customers with 174 oil wells in the Uinta Basin of Utah and the Permian Basin of New Mexico. Moving forward, this progress will give IEVM a strong strategic advantage in expanding its presence among the estimated 30,000 oil producing wells distributed throughout the two regions.
“We continue to progress in the development of our oil and gas business and are currently in discussions with approximately five new customers interested in utilizing Excelyte to treat both oil and gas wells,” David R. LaVance, president and chief executive officer of IEVM, stated in a news release. “As expected, our growing industry footprint has enhanced our ability to cultivate and accelerate additional customers as we can provide hard data on the effects and the potential cost savings of Excelyte well maintenance treatments.”
According to the company’s data, Excelyte reduces the level of hydrogen sulfide gas in oil wells faster than any other well maintenance treatments. Hydrogen sulfide, a naturally occurring gas commonly released during oil and gas production, is the leading killer of oil field workers, demonstrating the tremendous potential benefits of the company’s solution. In addition to eliminating the dangerous gas, Excelyte is unique in that it leaves no environmental trace.
“Our product persists for only 90 days and then it disintegrates,” continued LaVance. “It’s not underground for very long and things go back to normal after that, so it’s a quick-acting biocide.”
By taking an environmentally-friendly approach to disinfecting solutions, IEVM is addressing many of the concerns associated with the fracking industry. According to a report by Forbes, a single fracking project uses millions of gallons of water and only 25 percent of that water is typically recovered for reuse. IEVM claims that by replacing toxic chemicals with the bacteria and sulfur-fighting properties present in Excelyte, the industry will be able to recover twice as much wastewater for reuse in fracking, limiting the need for additional fresh water.
Moving forward, IEVM will look to expand upon its growing network of customers in the oil and gas drilling industry. For prospective shareholders, the company’s developing presence in one of the world’s most vital market sectors makes it an intriguing investment opportunity in the months to come.
For more information, visit www.ecotreatments.com
