Singapore -- (SBWIRE) -- 11/07/2012 -- Scalada's proprietary technology is the culmination of decades of the combined, extensive experience of Scalada’s assembled group of experts in engineering, material building, manufacturing, and contamination elimination. The technology and equipment package they have assembled has been re-engineered and scaled from its original off-shore uses to meet the needs of onshore remediation of flowback waters.
According to a study by Argonne National Laboratory (operated by the University of Chicago for the Department of Energy), at least 9 billion liters of contaminated water are produced daily by the country’s oil and gas wells. Water contamination from fracking in the United States is something that modern society will have to address to help move the country towards energy independence.
Brine, fracking fluid and other waste are just a few of the contaminants in flowback water that can be quite difficult to remove from the water. They are insoluble and remain on the surface of the water can poison the wildlife that lives on the surface of the water, which subsequently affects the rest of the eco-system.
New technologies from Scalada Holdings and its subsidiaries, Titan Holdings and Cherokee Holdings, continue to be developed to solve the problems faced by fracking companies in improving contaminated water remediation. Soon, these water treatment and remediation plants, which are extremely energy efficient, will replace the older plants that fail to maximize their ability to recycle water and to reduce their carbon imprint.
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This press release contains forward-looking statements that involve a number of risks and uncertainties, including statements regarding the outlook of the Company's business and results of operations. By nature, these risks and uncertainties could cause actual results to differ materially from those indicated. Generally speaking, any statements using terms such as "will," "expect," "anticipate," or "may," or which otherwise predict or address future results or events, are likely to contain forward-looking statements. It is important to note that actual results may differ materially from what is indicated in any forward-looking statement. Readers should consider any forward-looking statements in light of factors that could cause actual results to vary. These factors are described in Spare Backups filings with the SEC, and readers should refer to those filings, including Risk Factors described in those filings, in connection with any forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise
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