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Ecosphere Technologies, Inc. (OTCBB: ESPH | Quote | Chart | News | PowerRating) closed at $0.27 Friday, trading 102,078 shares.
Company News- November 24, 2008: Newfield Exploration and Ecosphere Technologies Sign Water Recycling Services Agreement
Ecosphere Technologies, Inc. (OTCBB: ESPH), a diversified water engineering and services company, announced earlier today it has signed a water recycling services contract with Newfield Exploration Mid-Continent. Newfield Exploration is an independent crude oil and natural gas exploration and production company and a subsidiary of Newfield Exploration Co. Ecosphere and Newfield had previously entered into a three month pilot program for Newfield to verify the Ecosphere Ozonix process in the field under actual working conditions, as well as sampling and verifying laboratory analysis of the recycled waters. Due to the success of the pilot program, it has been ended earlier than originally planned and Ecosphere and Newfield have signed an agreement for Ecosphere to provide its water recycling services to Newfield.
To read the full news release, go to www.stockprofiler.us, and click the Headline link after entering the ticker symbol.
About Ecosphere Technologies
Ecosphere Technologies, Inc. (OTCBB: ESPH | Quote | Chart | News | PowerRating) is a diversified water engineering and services company primarily focused on the natural gas industry. The Company provides water-recycling services at the well site to provide clean water for energy companies to extract natural gas from unconventional shale plays. Ecosphere's mission is to identify, create and produce clean technologies that solve a significant industry challenge, improve the quality of life and the environment, and are economically viable. Ecosphere has an extensive portfolio of patented clean technologies that can be purchased and licensed for use in large-scale and sustainable applications across industries, nations and ecosystems. For more information, please visit: www.ecospheretech.com
About Newfield Exploration
Newfield Exploration Company is an independent crude oil and natural gas exploration and production company. The Company relies on a proven growth strategy of growing reserves through an active drilling program and select acquisitions. Newfield's domestic areas of operation include the Anadarko and Arkoma Basins of the Mid-Continent, the Rocky Mountains, onshore Texas and the Gulf of Mexico. The Company has international operations in Malaysia and China.
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Quantum Corp. (NYSE: QTM | Quote | Chart | News | PowerRating) closed at $0.14 Friday, trading 2,618,600 shares.
Company News- November 24, 2008: Quantum Cuts Workforce and Other Expenses While Continuing to Increase Investment in Data Deduplication and Replication
Quantum Corp. (NYSE: QTM), the leading global specialist in backup, recovery and archive, announced earlier today that it is reducing its workforce by approximately eight percent (180 positions) and taking other steps to decrease expenses, largely in response to the global financial crisis and related market uncertainty. Quantum expects these combined actions to result in annual savings of approximately $18 million, and the company will see a partial benefit from the changes in its quarter ending Dec. 31, 2008. Quantum's preliminary estimate of the costs associated with these changes is approximately $4.4 million, consisting of one-time termination benefits.
To read the full news release, go to www.stockprofiler.us, and click the Headline link after entering the ticker symbol.
About Quantum
Quantum Corp. (NYSE: QTM | Quote | Chart | News | PowerRating) is the leading global storage company specializing in backup, recovery and archive. Combining focused expertise, customer-driven innovation, and platform independence, Quantum provides a comprehensive, integrated range of disk, tape, and software solutions supported by a world-class sales and service organization. This includes the DXi-Series, the first disk backup solutions to extend the power of data deduplication and replication across the distributed enterprise. As a long-standing and trusted partner, the company works closely with a broad network of resellers, OEMs and other suppliers to meet customers' evolving data protection needs. Quantum Corp., 1650 Technology Drive, Suite 800, San Jose, CA 95110, (408) 944-4000, www.quantum.com.
Quantum and the Quantum logo are registered trademarks of Quantum Corporation. DXi is a trademark of Quantum Corporation. All other trademarks are the property of their respective owners.
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