STUART, Fla., 19 October 2006. Ecosphere Technologies Inc., the Florida-based technology company for homeland security, marine, disaster relief, and defense applications, has received a Letter of Intent from Jian Huang Engineering PTE LTD of Singapore for an additional eight M3500 Robotic Systems.
Ecosphere received the letter following the delivery of the two M3500 A series coating removal robots to Jian Huang Engineering Pte Ltd. in August 2006. The LOI calls for a delivery of a total of 8 units being delivered by UltraStrip Envirobotic Solutions.
The delivery will take place in three phases, beginning with 4 units in the early part of 2007 and the subsequent units being delivered in two phases spread out over two month intervals.
Jian Huang is the exclusive distributor of Ecosphere products for Singapore ship yards. The successful delivery of all 8 robots and replacement spare parts has the potential to produce $4 million in revenues.