Green Wastewater Treatment Technology Secures $2M Investment
August 16, 2010
WHEATON, IL — In-Pipe Technology® Company, Inc. announced today that Aqua Resources Holdings Limited ("ARHL"), the wholly owned subsidiary of Aqua Resources Fund Limited ("Aqua"), the Authorized Closed-ended investment scheme managed by FourWinds Capital Management ("FWCM") and established to invest in global water opportunities, has agreed to a second tranche investment of approximately US $2 million (EUR 1.51 million). In August 2009, ARHL invested $3 million (EUR 2.09 million) as an initial investment.
"We are delighted that Aqua continues to invest in In-Pipe" said John Williams, President & CEO of In-Pipe. "In-Pipe continues to expand its installed base in North America and the synergistic relationship with Aqua is providing additional growth opportunities off-shore." Valerie Daoud Henderson, Head of the Europe Environment Group at FWCM commented on the announcement, "We are very pleased to announce Aqua's continued support to In-Pipe, a fast growing and environmentally sustainable process provider, bringing innovative solutions to the municipal wastewater sector while focusing on increased efficiencies and reduced capital expenditure requirements".
In-Pipe's patented technology includes regularly adding a high concentration formulation of facultative, naturally-occurring, non-pathogenic bacteria to strategic locations throughout the sewer system in accordance with an engineered plan. This requires zero capital cost and no additional energy requirement. Performance in the collection system provides increased capacity within the plant, forestalls costly upgrades, and extends the life of the existing infrastructure.
In-Pipe Technology offers specialized technical expertise, strong customer understanding, and deep resource knowledge. Since In-Pipe uses natural, biological methods that work with the treatment plants' own processes, In-Pipe is a sustainable solution - environmentally and economically.
If you would like more information about this topic, or to schedule an interview with John Williams, President & CEO, please contact Nikki Clay, Sales & Marketing Coordinator at (630)-871-5844 ext. 229.