HIIT
Posted: Tue Nov 05, 2013 11:13 am
The CEO of HIIT is an EPG member. I really like the management team he's put together. Keep an eye on this puppy.
HOUSTON, Nov. 5, 2013 (GLOBE NEWSWIRE) -- HII Technologies, Inc. (the "Company"), symbol HIIT (OTCBB/OTCQB), an oilfield services company headquartered in Houston, Texas, with operations in Texas, Oklahoma, Ohio and West Virginia today announced it has entered into a strategic alliance agreement with CRS Reprocessing Services ("CRS"), a global fluids reprocessing management company that is headquartered in Louisville, Kentucky. The technology alliance was formed to broaden and enhance the services AES Water Solutions ("AES") provides in its water and fluids remediation business during onsite fracing operations.
Utilizing the proprietary technology and modular design of CRS's systems, AES will be able to provide drilling fluid reprocessing and top hole solids control to its customers' well site operations. AES anticipates this to elevate its existing service offering by efficiently maximizing the recovery of valuable materials while reducing the risks and costs associated with transporting such fluids to distant reprocessing sites. Additionally, the modular units permit AES to address the varying needs of its customers, while minimizing the footprint necessary to operate.
Mr. Brent Mulliniks, President of AES Water Solutions, stated, "The CRS Reprocessing alliance is strategic to our firm by enabling us to immediately provide additional remediation and reprocessing services onsite to our existing and future customers furthering AES' commitment to provide comprehensive water management services to our customers. The technologies offered by CRS will compliment AES' existing water transfer, flow-back and remediation services." Mr. Mulliniks also stated, "As a result of this alliance, we believe CRS' technologies will provide an advantage for AES in the Texas and Oklahoma markets where we operate while expanding revenues and attracting additional customers."
Scott Massie, CEO of CRS Reprocessing Services, stated, "AES' focus in the Texas and Oklahoma markets increases our technology's access to some of the most active oilfield plays in the domestic United States including the Eagle Ford, Permian, Granite Wash and Eaglebind plays. Our success is due to our great people who have built an excellent track record with our customers and partners. We look forward to applying these same principles in the AES relationship in these key markets — building value in both our companies."
About HII Technologies, Inc.
HII Technologies, Inc. is a Houston, Texas based oilfield services company with operations in Texas, Oklahoma, Ohio and West Virginia. The Company is positioned to take advantage of the significant anticipated growth in horizontal drilling and hydraulic fracturing within the United States' active shale and unconventional "tight oil" plays by deploying oilfield related technologies to enhance the value of services it offers its customers. The Company's frac water supply and flow back services subsidiary does business as AES Water Solutions, its onsite oilfield contract safety consultancy does business as AES Safety Services, and its mobile oilfield power subsidiary does business as South Texas Power (STP). HII Technologies' objective is to bring proven technologies to these operating divisions to build a long-term competitive advantage. Read more at www.HIITinc.com, www.AESwatersolutions.com and www.Oilfield-Generators.com.
About CRS Reprocessing, LLC.
CRS is a global provider in fluid reprocessing management, offering people, technology and services to efficiently handle industrial fluids for a variety of industries. With more than 30 years of expertise and operations in the U.S., Europe and Asia, the company provides custom-built, on-site reprocessing and mobile facilities that economically transform used fluids back to customer-specified performance levels, allowing high-yield waste recovery and lower unit costs. CRS' leadership in the fluid reprocessing market includes proprietary recycling processes.
The company's private-equity partners have a combined portfolio value in excess of $1 billion, giving it the capital resources to expand operations and deliver engineered reprocessing solutions worldwide.
More information about CRS can be found online at www.crs-reprocessing.com.
HOUSTON, Nov. 5, 2013 (GLOBE NEWSWIRE) -- HII Technologies, Inc. (the "Company"), symbol HIIT (OTCBB/OTCQB), an oilfield services company headquartered in Houston, Texas, with operations in Texas, Oklahoma, Ohio and West Virginia today announced it has entered into a strategic alliance agreement with CRS Reprocessing Services ("CRS"), a global fluids reprocessing management company that is headquartered in Louisville, Kentucky. The technology alliance was formed to broaden and enhance the services AES Water Solutions ("AES") provides in its water and fluids remediation business during onsite fracing operations.
Utilizing the proprietary technology and modular design of CRS's systems, AES will be able to provide drilling fluid reprocessing and top hole solids control to its customers' well site operations. AES anticipates this to elevate its existing service offering by efficiently maximizing the recovery of valuable materials while reducing the risks and costs associated with transporting such fluids to distant reprocessing sites. Additionally, the modular units permit AES to address the varying needs of its customers, while minimizing the footprint necessary to operate.
Mr. Brent Mulliniks, President of AES Water Solutions, stated, "The CRS Reprocessing alliance is strategic to our firm by enabling us to immediately provide additional remediation and reprocessing services onsite to our existing and future customers furthering AES' commitment to provide comprehensive water management services to our customers. The technologies offered by CRS will compliment AES' existing water transfer, flow-back and remediation services." Mr. Mulliniks also stated, "As a result of this alliance, we believe CRS' technologies will provide an advantage for AES in the Texas and Oklahoma markets where we operate while expanding revenues and attracting additional customers."
Scott Massie, CEO of CRS Reprocessing Services, stated, "AES' focus in the Texas and Oklahoma markets increases our technology's access to some of the most active oilfield plays in the domestic United States including the Eagle Ford, Permian, Granite Wash and Eaglebind plays. Our success is due to our great people who have built an excellent track record with our customers and partners. We look forward to applying these same principles in the AES relationship in these key markets — building value in both our companies."
About HII Technologies, Inc.
HII Technologies, Inc. is a Houston, Texas based oilfield services company with operations in Texas, Oklahoma, Ohio and West Virginia. The Company is positioned to take advantage of the significant anticipated growth in horizontal drilling and hydraulic fracturing within the United States' active shale and unconventional "tight oil" plays by deploying oilfield related technologies to enhance the value of services it offers its customers. The Company's frac water supply and flow back services subsidiary does business as AES Water Solutions, its onsite oilfield contract safety consultancy does business as AES Safety Services, and its mobile oilfield power subsidiary does business as South Texas Power (STP). HII Technologies' objective is to bring proven technologies to these operating divisions to build a long-term competitive advantage. Read more at www.HIITinc.com, www.AESwatersolutions.com and www.Oilfield-Generators.com.
About CRS Reprocessing, LLC.
CRS is a global provider in fluid reprocessing management, offering people, technology and services to efficiently handle industrial fluids for a variety of industries. With more than 30 years of expertise and operations in the U.S., Europe and Asia, the company provides custom-built, on-site reprocessing and mobile facilities that economically transform used fluids back to customer-specified performance levels, allowing high-yield waste recovery and lower unit costs. CRS' leadership in the fluid reprocessing market includes proprietary recycling processes.
The company's private-equity partners have a combined portfolio value in excess of $1 billion, giving it the capital resources to expand operations and deliver engineered reprocessing solutions worldwide.
More information about CRS can be found online at www.crs-reprocessing.com.