Microvi Signs Three-Year Exclusive Commercial Agreement With Clean TeQ Limited in Australia
May 05 2010 - 9:00AM
Business Wire
Microvi Biotechnologies
Inc., (Microvi) the leader in advanced clean water treatment
technologies, today announced that it has entered into a three-year
commercial contract with Clean TeQ Limited, (Clean TeQ), the
Australian leader in air purification solutions and an emerging
player in water and wastewater treatment for beneficial reuse.
Under the terms of this agreement, Clean TeQ has exclusive rights
in Australia to utilize Microvi’s clean water technologies for the
treatment of nitrogenous compounds in groundwater and
wastewater.
Microvi’s approach to water purification is fundamentally
different from virtually any other water treatment company. With
the highly efficient MB Water Solutions, Microvi applies
cutting-edge biotechnology to cost-effectively treat major
pollutants in water and wastewater without generating any secondary
waste. To date, no other solutions exist to efficiently remove
pollutants from water resources without secondary waste while still
being capable of long-term, large-scale operation. The
self-sustainable and self–cleaning nature of Microvi’s
low-maintenance technologies further reduces energy and capital
requirements, yielding significant savings for the customer.
“Nitrogenous compounds in drinking water continue to pose a
serious health risk, yet traditional treatments are too expensive.
They also create by-products that degrade the environment and are
difficult to remove,” said Fatemeh Shirazi, CEO and founder of
Microvi. “We are proud to work with Clean TeQ to bring Australians
safe, healthy, life-giving water.”
Unsanitary sewage and waste conditions along with the widespread
use of nitrogen-based fertilizers make nitrogenous compounds a
leading water pollutant. High levels of nitrogenous compounds in
drinking water can cause a deficiency of oxygen in organ tissue and
a dangerous condition in infants, called methemoglobinemia, known
as "blue baby syndrome.” The problem is global and the United
States alone spends $4.3 billion a year to remove nitrogenous
compounds and phosphorous from water.
“Dozens of Australian groundwater sources are contaminated with
nitrates and the Clean TeQ/Microvi solution is a simple and highly
effective way to make this water conform to Australian Drinking
Water Guidelines,” said Greg Toll, CEO of Clean TeQ. “We plan to
provide this solution to the remote communities of Australia. Clean
TeQ expects that this technology can contribute to the improvement
in the quality of hundreds of gigalitres of additional water that
can contribute to the “environmental” flow of the Murray-Darling
basin. The technology can also be used to materially reduce the
harm that nitrogenous compounds are causing to environmentally
sensitive areas such as the Great Barrier Reef.”
Taking advantage of a cross-cutting synergy across microbiology,
biotechnology and engineering design, Microvi’s technologies adhere
to the highest standards of efficiency and environmental
sustainability.
About Microvi Biotechnologies Inc.
Microvi is the leading environmental biotechnology company that
discovers, develops, manufactures, and commercializes innovative
technologies for unmet needs in clean water and energy. The company
focuses on turning early-stage R&D into smarter, smaller,
faster, and cleaner commercial products. Microvi has received many
awards including the AlwaysOn GoingGreen Award twice, the Red
Herring 100 Award, and Global CleanTech 100 Award.
About Clean TeQ Ltd
Clean TeQ (ASX: CLQ) is a leading Australian clean technology
business that focuses on providing solutions for the purification
of air, water and mineral resources. The Company’s philosophy is
that our technologies should provide our customers with focused,
fit-for-purpose solutions that are specifically targeted; minimize
energy input and waste byproducts. Clean TeQ develops technologies
in-house and partners with leading technology suppliers
worldwide.
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