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Posted: Apr 30th, 2012 NanoH2O, Inc. Secures Over $60 Million in Equity and Debt Financing ( Nanowerk News ) NanoH2O, Inc., manufacturer of the most efficient and costeffective reverse osmosis (RO) membranes for seawater desalination,today announced that it has closed a $40 million equity round and$20.5 million in credit facilities. NanoH2O's patented thin-filmnanocomposite membrane technology can purify water from a broadrange of sources, yielding higher productivity, better waterquality or reduced energy consumption over traditional membranes. BASF Venture Capital GmbH, Total Energy Ventures International andKeytone Ventures co-led the $40 million equity financing thatincluded all of NanoH2O's existing investors including KhoslaVentures, Oak Investment Partners, CalPERS Clean Energy &Technology Fund represented by Capital Dynamics and PCG CleanEnergy & Technology Fund. The $20.5 million in growth capital,working capital and equipment financing credit facilities wereprovided by Comerica Bank and Lighthouse Capital Partners, with theworking capital line backed by the Export-Import Bank of the UnitedStates. The $40 million investment brings NanoH2O's total equityfunding to $75 million, and total debt and equity funding to over$100 million, making the Company one of the most highly fundedwater technology companies in the industry. Proceeds from theequity offering will enable the Company to accelerate its growth,expand its manufacturing capabilities and broaden its productofferings. Jeff Green, Co-Founder and Chief Executive Officer of NanoH2Ostated, "We are delighted to have such highly regarded,international organizations invest in our future and appreciate thecontinued support of our existing, globally renowned investors.With these funds and new strategic partners, we are well positionedto continue to provide our global customers with new, leading-edgeRO membranes that lower the energy, operating and capital costs ofdesalination and other water treatment applications. "There is a great demand worldwide for innovative technologies toproduce drinking water from seawater," said Dirk Nachtigal,Managing Director, BASF Venture Capital. "NanoH2O has developedspecial nanostructured polymer-based membranes for seawaterdesalination which are particularly effective in removing the saltfrom seawater in a highly energy efficient way," explainedNachtigal. V onique Hervouet, Senior Vice President, Investments, TotalEnergy Ventures added, "The need for innovative technologies tomeet the increasing demand for fresh water while lowering itsenergy and environmental footprint has never been greater.NanoH2O's ability to rapidly develop novel membranes for watertreatment applications fits our mission to invest in companies withunique technologies that bring smart and sustainable solutions tothe energy industry." In addition, Joe Zhou, Managing Partner of Keytone Ventures, stated"China is undergoing immense economic and industrial growth. Asinfrastructure expands, water supply challenges are driving theneed for new alternatives in treatment technologies. Keytone iscommitted to supporting cleantech innovation and furtheringadvanced solutions in the water sector. China is one of the largestdesalination markets in the world and we are eager to partner withNanoH2O to meet the growing demand." In connection with this financing, representatives from BASFVenture Capital, Total Energy Ventures and Keytone Ventures willjoin the Company's board of directors. About NanoH2O, Inc. NanoH2O, Inc. designs, develops, manufactures and markets reverseosmosis (RO) membranes that lower the cost of desalination. Basedon breakthrough nanostructured materials and industry-provenpolymer technology, NanoH2O's QuantumFlux membranes dramaticallyimprove desalination energy efficiency and productivity.QuantumFlux seawater reverse osmosis (SWRO) membranes, Standard 61certified by NSF International for the production of drinkingwater, deliver the highest flux and the highest salt rejection ofany SWRO membrane on the market. QuantumFlux membranes areavailable in standard 8-inch (20 cm) diameter elements that fiteasily into new and existing desalination plants, purifying waterfrom a broad range of sources with improved productivity and waterquality. NanoH2O is the 2011 Aquatech Innovation Award Winner inthe Water Supply category. For more information, visit. We are high quality suppliers, our products such as China Pet Bottle Recycling Machine , Double Shaft Shredder Manufacturer for oversee buyer. To know more, please visits Pet Bottle Recycling Machine.
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