TEL Venture Capital Invests in MIOX Corporation
Patented Technology for Cost-Effective Water Recycle & Reuse in
ALBUQUERQUE, N.M., June 4, 2013
ALBUQUERQUE, N.M., June 4, 2013 /PRNewswire/ --MIOX Corporation www.miox.com
today announced a strategic investment by TEL Venture Capital, Inc.
http://www.tel.com/about/telvc.htm, the corporate investment arm of Japanese
semiconductor capital equipment manufacturer Tokyo Electron Ltd.
http://www.tel.com/. This marks the first investment by an Asia-based
investor in MIOX.
The TEL investment complements grants awarded to MIOX by the National Science
Foundation (NSF) http://www.nsf.gov/ targeted toward the pursuit of coupling
MIOX's core on-site oxidant generation technology with ultraviolet photolysis
in an effort to provide a powerful and cost-effective water remediation
process. MIOX is a venture capital-backed water technology company focused on
on-site chemical generation whose current investors include DCM, Sierra
Ventures, Flywheel Ventures, and Schlumberger Limited.
"We believe it will be beneficial to learn more about water treatment and the
industry's needs," says Kay Enjoji, President of TEL Venture Capital. "This
is an exciting investment in a company that has the leading technology in
"We are honored by TEL Venture Capital's commitment to our company and their
dedication to solve capacity-limiting water issues," says Craig Beckman, MIOX
President and CEO.
While investment in cleantech as a whole has declined since 2011, investment
in water technology by corporate venture capitalists continues to grow.
According to market research firm Cleantech Group, water and wastewater
investments increased 34% between 2011 and 2012 to $355 million across 65
deals. Analysts at Artemis Water Strategy have observed corporate strategic
investors, family offices and private equity firms increasing their investment
in water technologies over the last two years. Corporate VCs view new
technologies for water management as a critical strategic advantage to
improving their bottom line.
"MIOX is one of the ten companies that Artemis has identified for emerging
growth investments," commented Laura Shenkar, Principal at Artemis Water
Strategy. "Water companies are hitting a glass ceiling in scaling their
operations beyond $10M a year. Rapid growth requires strategic partnerships,
a strong pipeline of new technology and a seasoned team. MIOX stands apart as
a company that has built strong partnerships in several industries, including
oil & gas and food processing."
About MIOX Corporation
MIOX www.miox.com designs and manufactures systems that provide on-demand
disinfection chemistry, eliminating the need to transport hazardous chemicals
and reducing carbon footprint. MIOX systems are used in multiple applications
through a wide range of products, cost-effectively producing disinfection
chemistry from 1.0 to 3,000 pounds per day FAC (free available chlorine). With
this flexibility, the applications range from large industrial cooling towers,
water and wastewater treatment, and frac fluid disinfection to clean-in-place
and dairy farm applications.
Office: (505) 224-1047
5601 Balloon Fiesta Pkwy NE
Albuquerque, NM 87113
SOURCE MIOX Corporation
Press spacebar to pause and continue. Press esc to stop.