Ecosphere Technologies, Inc. announced that it has signed a Letter of Intent with Abandoned Mine Cleanup LLC. (AMC) to deploy its multi-patented OZONIXA(R) water treatment technology on an exclusive basis in the Mining Industries of North and South America. Under the terms of the signed Letter of Intent, AMC has committed to pay Ecosphere Technologies a $5 Million technology licensing fee as well as ongoing royalty payments on all OZONIXA(R) related gross revenue.

AMC will also be required to purchase two OZONIXA(R) units, specifically designed for the Mining industry, each year until AMC has paid Ecosphere $20 Million in equipment purchase orders. Lastly, Ecosphere will own a 10% interest in AMC and has agreed to assist as needed in further developing complementary technologies and solutions for its business. The Letter of Intent is subject to execution of a definitive license agreement and payment of the first installment of the license fee and a down payment for the first unit to Ecosphere by March 31, 2016.

In addition to receiving the exclusive rights for Abandoned Mine Water reclamation, AMC will be able to use Ecosphere's patented OZONIXA(R) technology to treat waters from Acid Mine Drainage (AMD), Hydrogen Sulfide (H2S) in Mine Tailing Ponds and Mine Leachate/Recovery. AMC is also authorized to deploy OZONIXA(R) to be used as a highly oxidative leaching agent during Hydrometallurgical Extraction processes, to remove sulfurs and irons and to replace the conventional use of toxic lixiviation chemicals like cyanides that have been banned in many states in the U.S. AMC will also provide clean drinking water to remote mining sites that will employ the OZONIXA(R) technology. In many of these situations, AMC will help to eliminate the use of liquid chemicals, further reducing the Health, Safety and Environmental (HSE) issues associated with the transportation, handling and consumption of toxic chemicals.