News & Press

News & Press

INTEGRATED ENVIRONMENTAL TECHNOLOGIES, LTD. INCREASES WELL COUNT TO 174 WELLS TREATED WITH EXCELYTE®

Press

LITTLE RIVER, S.C., May 11, 2015

Integrated Environmental Technologies, Ltd. (OTCBB: IEVM) today announced that it is currently providing Excelyte® well maintenance treatments on 174 oil wells to four customers in the Uinta Basin in Utah and in the Permian Basin in New Mexico. The Company has commenced Excelyte well maintenance treatments on 33 new oil wells, a 23% increase since it last provided an update on its oil and gas operations on April 16, 2015, and 68 new wells (a 64% increase) since the Company provided an update on its oil and gas operations on March 5, 2015. The Company estimates that there are approximately 5,000 oil producing wells in the Uinta Basin and approximately 25,000 oil producing wells in the New Mexico region of the Permian Basin that could benefit from Excelyte maintenance treatments.

David R. LaVance, the Company’s President and Chief Executive Officer, commented, “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. 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. We continue to explore additional locations for new production depots.”

The Company also announced that it will provide operational updates, such as the number of wells that are being treated with Excelyte, on a quarterly basis beginning with the results of the second quarter of 2015.

The Company believes that Excelyte reduces the level of hydrogen sulfide gas in oil wells faster than competing products and results from well maintenance treatments have been encouraging:

  • Excelyte treatments rapidly kill 99.9% of sulfate-reducing bacteria present.
  • Excelyte kills bacteria that corrode well equipment and well linings, which the Company
    believes should lower well repair costs for oil producers.
  • Excelyte is an effective biocide with an added benefit – it reduces the level of hydrogen sulfide gas present in oil wells.
  • Excelyte is easier to administer and more environmentally responsible than competing products due to its naturally occurring properties.

Hydrogen sulfide is a toxic and corrosive chemical that frequently appears in oil and gas production. Excelyte acts as a biocide and as a hydrogen sulfide eliminator/scavenger that kills sulfate-reducing bacteria, which are known to produce hydrogen sulfide. The Company’s current down-hole well maintenance treatments consist of regularly scheduled Excelyte treatments on oil production wells that: contain bacteria which can corrode well equipment and well linings; contain bacteria that can sour the oil produced; and/or test positive for hydrogen sulfide.

IET: Biocide Virtually Eliminates Hydrogen Sulfide and Bacteria from Wells

Press

By Oil & Gas 360

Improving Safety at Well Sites

At this week’s Independent Petroleum Association of America (IPAA) meeting, Integrated Environmental Technologies (ticker: IEVM) gave a presentation about its Excelyte™ biocide, which the company says can be used to virtually eliminate hydrogen sulfide (H2S) and bacteria from the oil and gas wells where it is used.

Saving Producers $350-$800 per Well per Month

IET estimates that its product offers an 88% annual savings in maintenance costs by eliminating corrosive H2S in the oil and gas being produced. By taking hydrogen sulfide out of the oil being produced, IET’s product is able to save producers between $350 and $800 monthly per well, just in maintenance costs, according to the company’s presentation.

From 4,000 ppm to 0 ppm

In the first three wells the company tested, H2S levels fell from 4,200 parts per million (ppm), 4,000 ppm and 3,800 ppm to 400 ppm in the first well, and 0 ppm in the second and third wells. The company says that it uses a depot method to deliver its biocide, setting up production near wells in order to reduce shipping costs and meet the customer’s needs. Delivery of the product is made by truck and takes approximately 25 minutes per well, according to the company.

When asked about the cost of the depots, David LaVance, IET’s president and CEO said that they can range in cost from $150,000 to $200,000, and usually pay for themselves within 3 to 4 months.

LaVance said the company had evidence that by lowering the sulfur content of their customers’ oil, customers are able to sell their crude at a higher price. “Our product arguably sweetens [our customers’] product.”

Oil and gas is the largest portion of the company’s business, though the IET products have application in healthcare and food production. The company raised $2 million in February in an equity raise targeting expansion of its oil and gas operations. The company’s biocide is environmentally safe and is certified by the NSF, USDA and EPA. The equipment and solution used by IET are both proprietary.

IET currently has operations in the Uinta Basin in Utah and the Permian Basin in New Mexico, and it is targeting other high-sulfur basins, including the Eagle Ford, Bakken and Monterey Shale. During the company’s presentation, LaVance said that the company’s product has now been used to treat over 150 wells to reduce the amount of H2S and sulfite-producing bacteria in each.

This article was originally posted on Oil and Gas 360. To view the original article, click here.

INTEGRATED ENVIRONMENTAL TECHNOLOGIES, LTD. INCREASES WELL COUNT TO 141 WELLS SERVICED WITH EXCELYTE

Press

Company Also Announces Presentation at the 2015 IPAA OGIS New York Conference

LITTLE RIVER, S.C., April 16, 2015 – Integrated Environmental Technologies, Ltd. (OTCBB: IEVM) today announced that it is currently providing Excelyte® well maintenance treatments on 141 oil wells. The oil wells being treated are located in the Uinta Basin in Utah and in the Permian Basin in New Mexico. The Company has commenced Excelyte well maintenance treatments on approximately 35 new oil wells since it last provided an update on its oil and gas operations on March 5, 2015.

In addition, the Company announced that David R. LaVance, the Company’s President and Chief Executive Officer, is scheduled to present at the 2015 Independent Petroleum Association of America (IPAA) Oil and Gas Investment Symposium (OGIS) New York Conference on Monday, April 20, 2015 at 3:40 p.m. ET. A webcast of the presentation can be accessed here.

Mr. LaVance commented, “The results of our Excelyte well maintenance treatments continue to show that Excelyte is an effective biocide with an added benefit – it reduces the level of hydrogen sulfide gas present in oil wells. We believe that having this dual capability makes Excelyte a very attractive product for our customers.”

The Company believes that Excelyte reduces the level of hydrogen sulfide gas in oil wells faster than competing products, primarily due to Excelyte’s ability to rapidly kill sulfate-reducing bacteria. Excelyte also kills bacteria that corrode well equipment and well linings, which the Company believes should lower well repair costs for oil producers. Further, Excelyte is easier to administer and more environmentally friendly than competing products due to its naturally occurring properties.

Hydrogen sulfide is a toxic and corrosive chemical that frequently appears in oil and gas production. Excelyte acts as a biocide and as a hydrogen sulfide eliminator/scavenger that kills sulfate-reducing bacteria, which are known to produce hydrogen sulfide. The Company’s current down-hole well maintenance treatments consist of regularly scheduled Excelyte treatments on oil production wells that: contain bacteria which can corrode well equipment and well linings; contain bacteria that can sour the oil produced; and/or test positive for hydrogen sulfide.

INTEGRATED ENVIRONMENTAL TECHNOLOGIES, LTD. PROVIDES UPDATE ON OIL AND GAS OPERATIONS AND ANNOUNCES ATTENDANCE AT 27th ANNUAL ROTH CONFERENCE

Press

Company Commences ExcelyteTM Well Maintenance Treatments on 26 New Oil Wells

LITTLE RIVER, S.C., March 5, 2015 – Integrated Environmental Technologies, Ltd. (OTCBB: IEVM) today announced that it is currently providing Excelyte well maintenance treatments on 106 oil wells. The oil wells being treated are located in the Uinta Basin in Utah and in the Permian Basin in New Mexico. The Company has commenced Excelyte well maintenance treatments on approximately 26 new oil wells since it last provided an update on its oil and gas operations on February 2, 2015. The Company’s progress in addressing environmental concerns in the oil and gas industry was recently highlighted by the Abraham Energy Report, edited by former U.S. Secretary of Energy Spencer Abraham.

In addition, the Company announced that David R. LaVance, the Company’s President and Chief Executive Officer, and Thomas S. Gifford, the Company’s Executive Vice President and Chief Financial Officer, have been invited to attend the 27th Annual Roth Conference from Monday, March 9, 2015 through Wednesday, March 11, 2015. Mr. LaVance and Mr. Gifford will be available for meetings to provide an overview of the Company’s operations, recent developments, and growth initiatives.

Mr. LaVance, commented, “As we continue to increase the number of oil wells receiving Excelyte well maintenance treatments, we add recurring revenue which moves us closer to becoming a profitable company.” He added that, “Attending the 27th Annual Roth Conference provides us an excellent venue to discuss our business with a large array of potential investors and companies with synergistic products and services.”

The Company believes that Excelyte reduces the level of hydrogen sulfide gas in oil wells faster than competing products, primarily due to Excelyte’s ability to rapidly kill sulfate-reducing bacteria. The Company also believes that Excelyte kills bacteria that corrode well equipment and well linings, which should lower well repair costs for oil producers. Further, Excelyte is easier to administer and more environmentally friendly than competing products due to its naturally occurring properties.

Hydrogen sulfide is a toxic and corrosive chemical that frequently appears in oil and gas production. Excelyte acts as a hydrogen sulfide scavenger and as a biocide that kills sulfate- reducing bacteria, which are known to produce hydrogen sulfide. The Company’s down-hole well maintenance operations consist of treating oil production wells that test positive for hydrogen sulfide with regularly scheduled applications of Excelyte.

INTEGRATED ENVIRONMENTAL TECHNOLOGIES, LTD. CLOSES ON NEARLY $2 MILLION FUNDING

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Company Secures Additional Funding to Expand Oil and Gas Operations

LITTLE RIVER, S.C., February 13, 2015 – Integrated Environmental Technologies, Ltd. (OTCBB: IEVM) today announced that it closed on a $1,960,000 financing through the sale of its common stock. The company will use the proceeds from this financing to continue its expansion of its oil and gas operations in the Uinta Basin in Utah and the Permian Basin in New Mexico and it expects to add an additional production facility in the Permian Basin in Texas.
David R. LaVance, the Company’s President and Chief Executive Officer, commented, “The success of our ExcelyteTM well maintenance treatments over the past several months has created a large opportunity for our business. This financing will provide us with the capital we need to grow our oil and gas operations and to build our team in order to meet our market opportunities.”

Hydrogen sulfide is a toxic and corrosive chemical that frequently appears in oil and gas production. Excelyte acts as a hydrogen sulfide scavenger and as a biocide that kills sulfate- reducing bacteria, which are known to produce hydrogen sulfide. The Company’s down-hole well maintenance operations consist of treating oil production wells that test positive for hydrogen sulfide with regularly scheduled applications of Excelyte.

INTEGRATED ENVIRONMENTAL TECHNOLOGIES, LTD. EXPANDS WELL MAINTENANCE TREATMENTS

Press

ExcelyteTM Well Maintenance Treatments Continue to Significantly Reduce Levels of Hydrogen Sulfide Gas in Oil Wells in Uinta and Permian Basins

LITTLE RIVER, S.C., February 2, 2015 – Integrated Environmental Technologies, Ltd. (OTCBB: IEVM) today announced that it is providing Excelyte well maintenance treatments on approximately sixty oil wells in the Uinta Basin in Utah and twenty oil wells in the Permian Basin in New Mexico. The growth in Utah represents an increase of approximately 200% from the twenty oil wells that the Company was treating at the end of November 2014. The results in New Mexico constitute an increase of approximately 400% over the four oil wells that the Company was treating when it commenced operations in this area at the end of November 2014. Based on our current pricing and historical volume requirements, the Company estimates that these 80 wells could generate approximately $510,000 of revenue over the next twelve months. The Company currently is also in discussions with four new customers in the Uinta Basin and three new customers in the Permian Basin regarding the commencement of Excelyte well maintenance treatments.

David R. LaVance, the Company’s President and Chief Executive Officer, commented, “The growth in the number of oil wells that we are treating in both the Uinta and Permian Basins demonstrates the effectiveness and customer satisfaction regarding our Excelyte well maintenance treatments. All indications suggest continued use and growth will occur in our first two basins and there should be wide acceptance in the overall market as expansion to other basins likely occurs”.
Mr. LaVance further commented, “We believe that the recent decrease in oil prices has had a positive effect on our business, as oil producers reduce emphasis on drilling new wells and focus on making existing wells more efficient and profitable. Excelyte well maintenance treatments should lower oil production costs since Excelyte reduces the level of hydrogen sulfide gas in oil wells. We believe Excelyte acts faster than competing products due to, in part, Excelyte’s ability to rapidly kill sulfate-reducing bacteria. Excelyte also kills bacteria that corrode well equipment and well linings which should lower well repair costs for an oil producer. Further, Excelyte is easier to administer and more environmentally friendly than competing products due to its naturally occurring properties”.

Hydrogen sulfide is a toxic and corrosive chemical that frequently appears in oil and gas production. Excelyte acts as a hydrogen sulfide scavenger and as a biocide that kills sulfate- reducing bacteria, which are known to produce hydrogen sulfide. The Company’s down-hole well maintenance operations consist of treating oil production wells that test positive for hydrogen sulfide with regularly scheduled applications of Excelyte.

Integrated Environmental Technologies, Ltd. Expands Board Of Directors

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Company Adds Three Experienced Executives to Assist in Strategic and Corporate Development

LITTLE RIVER, S.C., Dec. 17, 2014 /PRNewswire/ — Integrated Environmental Technologies, Ltd. (OTCBB: IEVM) today announced that it has added three new members to its board of directors to assist the Company in its continued strategic and corporate development. Each of these individuals has significant experience in working with publicly-traded and growth-stage companies. The new additions to the board are Michael D. Donnell, Paul S. Clayson and Anthony Giordano, III.

Mr. Donnell has over 25 years of experience in leading publicly-traded and private technology- based companies ranging in size from start-ups to organizations with over 1,500 employees. He has served as the Chief Executive Officer of Cellular One, a provider of cellular phone service; New Global Telecom, a wholesale hosted provider of VoIP services for commercial accounts; Sutus, an information technology and telephony appliance manufacturer; and Zi Corp., a mobile phone software development company. Mr. Donnell has also served on the board of directors for Nexaira Wireless and eSoft.

Mr. Clayson has over 30 years of experience as a business owner, strategic planning expert, financial and investment strategist and a senior political advisor. He currently serves as Chairman and Chief Executive Officer of Valuation Impact, a global executive mentoring and consulting company focused on helping start-up and growth-stage companies establish and maintain value and markets, with clients on three continents, in multiple countries and across multiple industries. He also currently serves as Chief Executive Officer of CONVERT2, a start-up energy company focused on conversion of fleet vehicles from fossil fuels to natural gas and other alternative fuels, and serves on the board of directors of four companies in energy and software technology and nutritional products development and distribution. Mr. Clayson has previously served as Executive Chairman, President and Chief Executive Officer of HzO, Inc., an advanced nano-materials technology company that makes electronic devices water resistant; as Chairman and Chief Executive Officer of nCoat, Inc., an award-winning nanotechnology materials development and manufacturing company; and as President and Chief Operating Officer of Sequoia Pacific Research Company. Mr. Clayson has served as Chief of Staff to two United States Congressmen, and served the White House as a lead advance agent to two United States Presidents and their Vice Presidents.

Mr. Giordano has over 25 years of experience in the commercial banking industry and currently serves as the President and Chief Executive Officer of Colonial American Bank. Mr. Giordano has previously served as the Senior Executive Vice President and Chief Financial Officer of Central Jersey Bancorp, a publicly-traded company that had its stock listed on the NASDAQ Global Market. Mr. Giordano has also served as a Real Estate Banking Officer and Senior Accountant/Financial Analyst at PNC Bank and in various positions at Shadow Lawn Savings Bank, including Budget and Financial Planning Manager and Financial Analyst.

In conjunction with the addition of the above-noted three new members to the board of directors, the Company announced that Valgene L. Dunham, Ph.D., has retired from the Company’s board of directors. The Company now has seven members on its board of directors.

David R. LaVance, the Company’s President and Chief Executive Officer, commented, “I am excited about the additions to our board of directors. Each of these individuals bring a tremendous amount of experience to the Company which will be extremely important as we continue to grow the Company and expand our corporate and strategic initiatives. I would also like to thank Dr. Dunham for his many years of service on the Company’s board of directors.”

INTEGRATED ENVIRONMENTAL TECHNOLOGIES, LTD. PROVIDES REVIEW OF 2014 CORPORATE ACTIVITIES

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Company’s President and Chief Executive Officer Discusses Company’s Activities for 2014 to Date and Provides Update on the Company’s Business Strategy

LITTLE RIVER, S.C., October 9, 2014 – Integrated Environmental Technologies, Ltd. (OTCBB: IEVM), announced today that it posted a letter from David R. LaVance, the company’s President and Chief Executive Officer, on its website, www.ecotreatments.com. This letter provides an overview of IET’s 2014 corporate activities and achievements to date as well as an update on the IET’s business strategy. The letter is set forth below:

Dear Fellow Stockholders:

I am writing to update you on the progress that Integrated Environmental Technologies has made since the beginning of 2014. There has been considerable momentum building in the company’s transformation from being a development company to a revenue-producing one.

Oil and Gas

As I indicated in my last letter to stockholders in January 2014, the oil and gas market is a large, open market for our Excelyte™ product. We currently segment our activities in the oil and gas business into three main categories:

Well Maintenance – focuses on using Excelyte as a hydrogen sulfide scavenger to significantly reduce or essentially eliminate hydrogen sulfide in operating wells and related equipment;

Drilling and Completions – focuses on using Excelyte as a biocide to significantly reduce the amount of bacteria present in water before the water is used in hydraulic fracturing; and

Water Remediation – focuses on using Excelyte as a hydrogen sulfide scavenger and as a biocide to treat water after it is used in hydraulic fracturing in order to remove bacteria so that the water can either be re-used in hydraulic fracturing or disposed.

To date, the majority of our efforts have focused on well maintenance. Hydrogen sulfide is one of the leading threats to oilfield worker safety, claiming lives every year because of its toxicity at very low levels of concentration. A particular emphasis for oil and gas producers is controlling the level of hydrogen sulfide at or near the well head.

We originally focused our attention on Utah’s Uinta Basin, in order to generate test results and demonstrate success of the product in the market. These test results confirmed that Excelyte is effective as a hydrogen sulfide scavenger and as a biocide. The results show that Excelyte reduces the level of hydrogen sulfide in oil wells faster than competing products, which we believe is due to Excelyte’s ability to kill sulfide-producing bacteria rapidly. In addition, Excelyte’s naturally occurring properties make it easier to administer and more environmentally friendly than competing products.

Over the past few months we worked with our customers and prospects in the Uinta Basin to introduce Excelyte as a down-hole well maintenance application. IET developed appropriate treatment protocols and application methods, establishing the necessary delivery channels and gaining approval from customers to commence well maintenance treatments. In short, Excelyte has worked, and worked well, in the treatment of oil wells. In each of the oil wells that we treated with Excelyte, we significantly reduced the level of hydrogen sulfide present. We believe that our Excelyte treatment protocol can significantly reduce or essentially eliminate hydrogen sulfide from our customers’ oil wells. One customer has expanded Excelyte well maintenance treatments to eleven oil wells and has approximately 440 additional oil wells with hydrogen sulfide problems that we could treat in the Uinta Basin. If our customer requests that we treat each of these oil wells, under our current treatment protocol and pricing structure we could generate sales of approximately $3,000,000 on an annual basis.

The success with our Excelyte well maintenance treatments has led us to begin expansion of our operations in the Uinta Basin, and to initiate marketing in other basins. In the Uinta Basin, we are expanding our presence, acquiring additional space and increasing production capability. We estimate that there are over 5,000 wells in the Uinta Basin that would benefit from the regular use of Excelyte as part of a well maintenance program.

In addition, we are in the process of establishing a production facility in order to service a prospective customer that requested we commence Excelyte well maintenance treatments on its oil and gas wells in the Permian Basin (New Mexico and Texas). We expect to be operational in the Permian Basin before year’s end. We also are evaluating other basins, such as the Williston Basin (North Dakota) and the Piceance Basin (Colorado).

We are currently focused on generating recurring revenue through the sale of Excelyte, but as we grow and improve our cash flow, we will look to establish additional revenue streams such as providing delivery and pumping services to our customers. We continue to believe that the three oil and gas market segments noted above potentially represent a $50 million market opportunity in the Uinta Basin and a $2.5 billion market opportunity in the United States.

All of this activity will require an expansion of our labor force and the investment into production depots. To that end, we recently hired Bradley W. Rockman as the President and General Manager of our Oil and Gas Division. Brad is based in Denver, Colorado and has over 35 years of experience in the industry, selling and supplying chemicals both domestically and internationally. We expect additional hires to be forthcoming as expansion occurs.

Healthcare and Food Production

We continue to remain interested in the healthcare market and food production market, but our emphasis on oil and gas has required a dedication of a majority of our resources in that direction. We have ongoing discussions in each of these markets with potential distribution partners regarding the sale of Excelyte.

Excelyte kills a wide range of bacteria and viruses including, Mycobacterium bovis (Tuberculosis), Salmonella enterica, Pseudomonas aeruginosa, Staphylococcus aureus, methicillin-resistant Staphylococcus aureus (MRSA) and H1NI influenza virus (swine flu). Excelyte also kills hospital-acquired pathogens such as Clostridium difficile spores (C. diff) and vancomycin-resistant enterococci (VRE) as well as two carbapenem-resistant enterobacteriaceae (CRE) known as Klebsiella pneumoniae carbapenemase (KPC) and New Delhi Metallo-beta-lactamase (NDM). Further, the high-risk blood-borne pathogen human immunodeficiency virus (HIV) and the food-borne pathogens Listeria monocytogenes and Escherichia coli (E. coli) are killed by Excelyte.

In March 2014, we received approval from the U.S. Environmental Protection Agency to market a new Excelyte product called Excelyte VET – which can be used to prevent Canine distemper. Canine distemper is highly contagious and is the leading cause of infectious disease deaths in dogs worldwide. The new product registration (EPA Registration #82341-4) also allows the company to market Excelyte VET to prevent the spread of Canine parvovirus and Bordetella bronchiseptica. We are currently working with a distribution partner as it prepares for the market launch of Excelyte VET.

In addition, during June 2014, Carson Tahoe Health Systems published the results of its independent study showing the effectiveness of Excelyte in reducing the amount of bacteria present in a hospital setting. The study also highlighted Excelyte’s naturally occurring properties, which do not corrode hospital equipment like more commonly used chemicals.

Focus for Remainder of 2014

For the remainder of 2014, we will continue to dedicate the majority of our resources to the sale of Excelyte in the oil and gas market. In healthcare, we will seek distribution partners for Excelyte as planned, but will ask such partners to contribute to the funding of the development of Excelyte in this market so that we may focus our resources on the oil and gas market. Likewise, in food production, we will look to recruit distributors for Excelyte, thereby utilizing outside resources to expand into this market.

Our overall corporate objective is growth, namely revenue growth, and we believe that continued expansion into the oil and gas market provides us the best approach to achieving our goal. We want to again express our appreciation to our stockholders, customers and our team at IET.

Sincerely,

David R. LaVance
Chairman, President &
Chief Executive Officer

Integrated Environmental Technologies Expands Well Maintenance Treatments

Press

Originally reported by Environmental Leader

Integrated Environmental Technologies has begun well maintenance treatments utilizing its flagship product Excelyte on five additional oil producing wells for an existing customer, and now is treating an aggregate of 11 wells for this customer.

Excelyte is non-toxic, fracking disinfectant solution designed to leave no lasting impact on the environment and create a safer workplace by eliminating hydrogen sulfide, the leading cause of gas inhalation deaths among oil and gas workers, Integrated Environmental Technologies says.

The company says it is in the process of scheduling well maintenance treatments for additional fracking wells operated by this customer in the Uinta Basin with the goal of treating up to approximately 300 other similar oil producing wells that the customer operates in the Uinta Basin within the next year.

Hydrogen sulfide is a toxic and corrosive chemical that frequently appears in oil and gas production. Excelyte acts as a hydrogen sulfide scavenger and as a biocide that kills sulfur-reducing bacteria, which are known to produce hydrogen sulfide. The company’s down-hole well maintenance operations consist of treating oil production wells that contain hydrogen sulfide with regularly scheduled applications of Excelyte.

Read more: www.environmentalleader.com