Saturday, April 25, 2009

Israel boasts 6 water startups, including Emefcy and AquaPure, in Artemis Project list

A list of the top water technology companies in the world, announced last week by the Artemis Project, includes six water startups based in Israel.

The Artemis Project, a California-based consultancy and research firm, sponsored the first Top 50 Water Companies Competition to identify the leading game-changing technologies that provide venture grade investment opportunities in the water sector. The companies were selected by a panel of experts based on an integrated matrix of four criteria: technology, intellectual property and know-how, team and market potential.

Israel's representatives in the Top 50 include:

#4 Emefcy: Emefcy, based in Caesarea, is the developer of the MEGAWATTER™ platform, a bio-electro-chemical process for electricity and hydrogen production using wastewater as a fuel. This technology addresses a market of industrial wastewater treatment plants in which anaerobic treatment is not applicable, thus expensive-to-operate aerobic treatment is applied. Emefcy currently runs several prototypes and plans to commence field piloting in Q3/2009. Emefcy raised a first round of financing from Israel Cleantech Ventures in 2007.

#7 AquaPure: AquaPure, based in Dalton, was founded in 2002 to provide the municipal and groundwater treatment markets with innovative and proprietary Non Thermal Plasma (NTP) technology to remove micro pollutants from contaminated drinking water. AquaPure has raised funds from Ludan Engineering and the Office of Chief Scientist. According to the company, AquaPure performed successful pilot testing in California, and scale up to a commercial beta unit test is scheduled to operate during Q1 and Q2 2009 in order to generate revenues starting Q1 2010.

#21 CheckLight: CheckLight, based in Kiryat Tivon, is developing, manufacturing and marketing cost effective, wide spectrum, automatic bioluminescencebased water quality tests for rapid screening and real-time water quality monitoring. CheckLight has raised up to $3.5 million from Whitewater Technology Group, an Israeli investment company.

#36 ProWell Technologies: ProWell Technologies, based in Tel Aviv, is the developer of "Air Shock", an innovative, non-destructive and environmentally friendly technology for water well rehabilitation, development and stimulation.

#48 Lesico CleanTech: Lesico CleanTech is a wholly owned subsidiary of the Lesico-Leshman Group, and specializes in the development and marketing of technologies for the treatment of industrial brine in general and for the treatment of brine at brackish water desalination facilities in Israel in particular. Current brine removal methods create severe environmental problems, contaminate water sources and soil, and face strict regulations that ban the expanded use of these methods. Lesico CleanTech, in cooperation with Ben-Gurion University and its Zuckerberg Institute for Water Research, has consequently developed technological solutions for the reduction of the volume of brine by means of accelerated evaporation and by recycling and reusing brine using electro-dialysis.

#49: BioPetroClean: BioPetroClean, based in Petah Tikva, specializes in bioremediation of industrial wastewaters. The company's Automated Chemostat Treatement (ACT) technology can be applied to a wide variety of sites, including oil refineries, terminals, drilling sites, marine ports, power stations, contaminated reservoires and storage tanks. BioPetroClean has raised $8.5 million from 21Ventures and Quercus Trust.

“The Artemis Project’s Top 50 Water Companies Competition winners have excelled in key strategic areas in the emerging advanced water technology sector,” said Laura Shenkar, Principal of The Artemis Project. “We are excited to spotlight these innovative companies for the first time on the world’s stage and congratulate them for their achievements in introducing the solutions that will reinvent the water landscape.”

"We are proud to be selected as one of the top five winners of the Artemis Project’s Top 50 Water Companies Competition" said Eytan Levy, Emefcy's co-founder and CEO. "It verifies our belief that our mission of applying a profitable, innovative new source of energy is on the right path," says Levy.

Related Posts:

Emefcy signs collaboration agreements, raising Series A funds

BioPetroClean raises funds from 21Ventures

CheckLight raises $3.5 million from Whitewater