STW Resources Holding Corp (STWS) gains on new collaboration
Posted on: July 7th, 2011Written by:
STW Resources Holding Corp (OTCBB: STWS) shares went skyward Thursday by 139.1% to 5.5 cents, on word of a new professional arrangement. Volume for the stock reached 40,000.
In a news release Thursday, the company, based in Midland, Texas, announced that it had signed a Memorandum of Understanding with Bob J. Johnson & Associates, Inc., (BJJA), a Texas corporation and a full-service water treatment firm that offers an array of services such as filtration, distillation, reverse osmosis, and UV treatment for facilities worldwide.
Under terms of the agreement, STW will utilize BJJA’s water experts, chemists and design engineers to help analyze oilfield water and design the systems capable of treating the water so it can be reused for fracking or other oilfield uses. This agreement will expand STW’s existing resources, help the Company provide a more comprehensive and sophisticated treatment system tailored for the unique needs of each oilfield customer.
Stanley Weiner, CEO of STW Resources, was quoted in the same release as saying, “We are excited to partner with Bob J. Johnson & Associates, a proven leader in the water treatment industry. Working with a recognized industry expert like BJJA, and combining their water expertise and our water treatment services, will add to our credibility and help us target potential customers and win business.
Weiner continued, “BJJA utilizes a wide array of technologies, sourced from several different manufacturers, to meet the cleaning requirements for the water instead of relying on a single manufacturer and a one-size-fits-all solution. This approach allows STW to execute our business plan of reclamation of oilfield water without STW having to hire all of the experts required to do these process and design jobs, improving our ability to scale our business and manage our expenses going forward.”
STW Resources Holdings Corp. provides customized water analysis, reclamation and remediation services to a variety of complex industrial and municipal applications throughout several geographic locations.
