OTC News Archive

Advanced Hydro Inc. raises seed capital to commercialize anti-fouling dopamine technology for water filtration membranes

Yahoo Finance
January 5, 2009

Advanced Hydro Inc., an Austin-based startup, today announced that it has successfully raised US$0.5 million seed investment from Quercus Trust and 21 Ventures. It has also concluded licensing terms for Dopamine Technology from The University of Texas at Austin. Now, the company is in the process of setting up pilots to demonstrate the value of this technology in the field.

“Dopamine technology has shown great potential for alleviating fouling in membrane-based water filtration systems,” said Prof. Benny Freeman, the Kenneth A. Kobe and Paul D. & Betty Robertson Meek and American Petrofina Professor of Chemical Engineering at The University of Texas at Austin. This versatile technology allows modification of all wetted parts in a module, including membranes, housing, and spacers by simply flowing a specialized solution through the module. Lab data show 30% to 50% improvement in flux of commercial membranes used to purify highly fouling feed streams.

“We are very excited to have the opportunity to commercialize this promising cost-reduction technology, as the need for clean, easily accessible, and affordable water has been on the rise,” said Dr. Dileep Agnihotri, CEO of Advanced Hydro Inc., “and I am very delighted to have Quercus Trust and 21 Ventures as investment partners. Their commitment to support early-stage, disruptive, clean technologies from startup to revenue-generating successful companies has been a unique and successful business model.”

“Advanced Hydro Inc., with an exciting technology for addressing fouling problems in membrane-based filtration systems, provides a very exciting addition to our portfolio,” said David Anthony, managing partner for 21 Ventures. “Demand for clean and affordable water is growing tremendously; the dopamine-based anti-fouling technology provides a solution for a well-known problem in the industry, and it fits in our portfolio of CleanTech companies.”

[ Yahoo!Finance ]