Pounds 400k Tonic for Water Treatment Specialists
A COMPANY which develops electrochemical water treatment technology has received a pounds 400,000 equity investment.
Bangor University spin-out AguaCure has received the investment from Modern Water, an advanced water technologies company based in Surrey.
The AguaCure technology offers environmental and economic benefits through removing dissolved and suspended contaminants from water, while eliminating bacteria and viruses.
Its versatility allows the process to be used in a variety of applications, including membrane pre-treatment, mine wastewater, metal finishing and treating phosphate-contaminated water. A large scale system is operating successfully in the car manufacturing industry, and is expected to generate growing revenues.
This investment of pounds 400,000 in new equity gives Modern Water a 45% share in AguaCure, and it further expands Modern Water's portfolio of technologies.
The environmental benefits of the technology developed by AguaCure were a key attraction of the investment for Modern Water, which aims to commercialise energy-efficient water and wastewater treatment methods offering significant capital and operating cost savings. …