Water treatment company Atlantium Ltd. has raised $9 million from European fund Aster Capital, which invested $3 million, Switzerland's Aeris Capital AG, and Altantium chairman and CEO Benjamin Kahn. Atlantium will use the proceeds to accelerate development of its new ballast water treatment product and to step up market development in power generation and advanced oxidation, a process for removing biologically toxic or non-degradable materials. The company is targeting the treatment of water flow from shale-gas exploration, where a huge market opportunity is emerging.
Atlantium's water treatment technology combines ultraviolet-disinfection with advanced hydraulic and fiber-optic principles. Its Hydro-Optic Disinfection solutions deliver microbial and chemical inactivation, improving the cost effectiveness of environmentally-friendly water disinfection solutions. Large industrial users of water are increasingly seeking to reduce the use of chemicals, as well as achieving biosecurity and finding solutions to contamination by invasive species.
Atlantium, founded in 2003, is based in Beit Shemesh. The company's water disinfection solutions are used in the food and beverage and dairy industries and in aquaculture, as well as by municipalities. The company has installations in Europe, the US, Latin America, the Middle East, Asia and Australia.
Aster Capital is sponsored by France's Alstom SA (Euronext: ALO) and Schneider Electric SA (Euronext: SU) and Belgian chemical problem Solvay SA (Euronext: SOLB), and the European Investment Fund, through the Competitiveness and Innovation Framework Program. It has had a team in Israel since 2010.
Published by Globes [online], Israel business news - www.globes-online.com - on February 14, 2013
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