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Houston, TX, June 23, 2016: MYCELX Signs Exclusive Agreement With Schlumberger

June 24th, 2016

MYCELX Technologies Corporation (AIM: MYX), the clean water technology company providing patented solutions for commercial industrial markets worldwide, is pleased to announce that it has entered into an exclusive marketing and distribution agreement with Cameron, a Schlumberger company.

The agreement provides Schlumberger exclusive rights to distribute MYCELX products in the upstream market. In particular, both companies will work to expedite the industry adoption of MYCELX’s new REGEN product line as the water treatment method of choice in the upstream oil and gas market. MYCELX will retain its current business in the downstream market for all its products and services.

MYCELX’s Chief Executive Officer, Connie Mixon, commented:

“We are extremely pleased to be working with Schlumberger to bring our products to their global upstream customer base. This agreement is in line with our focus on establishing strategic alliances to leverage sales and marketing channels globally. We believe the RE-GEN product is a paradigm shift for upstream producers in that it allows them to meet their produced water treatment needs and provides meaningful cost savings.”