VANCOUVER, BC–(Marketwired – January 09, 2018) – Acuva Technologies Inc. (“Acuva” or “the Company”) today announced the closing of a CDN$2.6M Series A financing with a syndicate of Canadian angel investors to deliver the Company’s innovative drinking water purification systems to global consumers.
“Acuva’s water purification systems are quickly gaining traction in the North American recreational boat, RV and cottage markets as a viable alternative to environmentally-toxic plastic bottles, chlorine tablets and mercury lamp-based systems,” stated Acuva’s CEO, Manoj Singh. “This financing will enable the Company to ramp up our manufacturing capacity and launch new products into the appliance market with global partners in 2018.”
Acuva Technologies is delivering a new system of trusted microbial water purification to the market using its proprietary UltraViolet Light Emitting Diode (“UV-LED”) disinfection technology. Acuva’s innovative UV-LED water purification systems are designed to provide pathogen-free water in a compact, low-power, low-maintenance, cost-effective and environmentally friendly manner.
The Company’s technology is superior to the current gold standard in water sterilization, mercury lamp UV disinfection, which requires frequent maintenance, constant power and expensive lamp replacement. Acuva’s products, including the Eco and Arrow units, are capable of sterilizing up to 10 litres of water per minute and are ideal for providing mobile, off-grid, solar-powered and developing country point-of-use drinking water.
“I am very pleased to see Acuva grow from a Canadian university innovation into a successful commercial technology company solving a global clean water problem,” said Todd Farrell, Chairman of Acuva’s Board and President of entrepreneurship@UBC Management Inc. “Acuva is a great example of the success to be had from partnering university innovators with external entrepreneurs to bridge the innovation gap.”
About Acuva Technologies Inc.
Acuva is a Vancouver-based clean technology company focused on delivering point-of-use water purification systems using leading-edge, proprietary UltraViolet Light Emitting Diode (UV-LED) technology developed at the University of British Columbia. The Company is currently selling products for recreational boats, vehicles, and off-grid home use, with additional product lines and applications to be launched in 2018.
More information about Acuva is available at www.acuvatech.com.
For more information, please contact:
Mr. Manoj Singh
President & CEO
Mr. Adnan Siddiqui
Director, Finance and Corporate Development