Aquarius Technologies Inc. which provides advanced waste-water treatment technologies without Waste-Sludge, completed a total investment of $4M. The round was led by Evergreen Venture Partners. The current investors are L-Capital Ventures, Omega and the company founder, Dr. Efim Monosov, who invented the “no-sludge” concept. The company is led by Mr. Tom Pokorsky, a veteran in the water treatment industry and formerly the president of ITT´s Advanced Water Treatment division.
Aquarius has several plants in Israel :Teva Pharmaceutical, Kvuzat Yavne and several others in municipalities. The company is expanding its marketing activities and already installed its first US municipal plants in Wisconsin, and Indiana and several other deployments which are planned for 2011.
“Instead of simply reducing waste sludge, Aquarius’ proprietary and distinct processes for biodegradable pollutants and toxins, actually prevent its generation. As a result, municipal and industrial facilities are able to eliminate the high cost of turning waste sludge into U.S. EPA-acceptable biosolids for land application, landfill disposal or fertilizer” says Mr. Pokorsky and also adds:” We are pleased to have Evergreen’s support and trust in Aquarius growth prospects. We believe that along with our satisfied customers in the US and Evergreen’s backing we can execute our US proliferation strategy much faster”.
“Aquarius fits well in with Evergreen’s Cleantech investment strategy”, says Adi Gan, partner at Evergreen who led the investment process and will join the board of directors.” We looked for a mature company with break-through technology and a very strong leadership. Tom is an outstanding CEO with a great reputation for introducing new solutions to the waste-water industry. The company is ready to take-off and we are proud to join and support their ambitious plan”
About Aquarius – Aquarius Technologies Inc. is a privately held company established to provide solutions for wastewater treatment in industrial and municipal applications. Today, Aquarius markets the patented “no waste sludge” MSABP™ and ELCAT™ toxic and non-biodegradable treatment technologies for these applications. Headquartered in the greater Milwaukee, Wisconsin area, Aquarius is a group of dedicated engineers, scientists and other professionals focused on providing cost-effective solutions to wastewater treatment. Aquarius Technologies, Inc. also has sales offices in Tel Aviv, Israel
About Evergreen - Evergreen was established in 1987 as one of Israel´s first Venture Capital firms, and has grown into a leader, generating successful exits with tangible rewards for investors and entrepreneurs. Evergreen´s current $700 million of venture capital funds under management invested in more than 120 technology companies represent one of the largest portfolios in Israel. Evergreen´s investments are focused on early stage Israeli companies in the following fields: Communications, Internet and Media, Software and Healthcare and Cleantech with recent Investments like Pentalum (Wind) and Pythagoras ( Solar).