Axine Water receives funding from Canadian government for water technology development

VANCOUVER, BRITISH COLUMBIA, Dec. 4, 2012 -- Axine Water Technologies, developers of a low-cost, breakthrough solution for treating toxic organic pollutants in wastewater, today announced that it has secured a financial contribution of up to $240,000 from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP). The funds will be used to advance development and commercialization of its technology and solutions including durability testing and lab-scale process optimization.

"We are very pleased to receive this funding from NRC IRAP, as well as their expert technical advisory services. This will help us advance our technology to potentially solve some of the most pressing and persistent challenges in industrial wastewater," said Jonathan Rhone, Axine President & CEO. "NRC IRAP has provided tremendous support to Axine and continues to help advance innovative, made-in-Canada clean technologies that will improve the performance and impact of traditional industries such as oil and gas, mining, and manufacturing, while also creating investment and export opportunities for the country."

http://www.axinewater.com/news/axine-water-technologies-receives-funding-government-canada

Axine's proprietary electrolytic oxidation technology is designed to treat high concentrations of toxic organics, as well as biodegradable organics, ammonia, and pathogens in a single step without using chemicals and without producing sludge. By taking a novel approach to electrochemical oxidation, the Company achieves a step change improvement in performance, lower cost, and lower energy consumption vs. incumbent organic treatment equipment.

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• Decontamination