ENGINEERINGNET.EU -- Epuramat, a Luxembourg based company, develops applications in the field of municipal and industrial wastewater treatment. Their flagship: a complete wastewater treatment plant in compact container format.
The company now announces that it has closed the first tranche of a 'Series B Financing' led by venture capitalist Bright Capital.
“The additional funding enables Epuramat to accelerate the market introduction of our oil-water separation system,” said Epuramat CEO Bogdan Serban.
“This segment has a huge market potential, considering the fact that with decreasing oil resources already closed oil fields are nowadays reactivated. These wells produce an oil-water mixture with a high water content that needs to be economically and environmental-friendly separated.”
Sulkhan Davitadze, Investment Director at Bright Capital: “Epuramat reached a stable market position in compact, high-end wastewater treatment systems within only eighteen months. We ascribe this development to an extraordinary product developed by a dedicated team. We see a large demand for the future oil-water separation system and are looking forward to supporting Epuramat in becoming a market leader in this segment.”
Epuramat plans to launch the oil-water separation system in the first quarter of 2013. Core component of the system is the patented gravity fed solid-liquid separator developed by Epuramat co-founder Achim Kopmeier, requiring neither energy nor chemicals.
BACKGROUND
Founded in 2005 in Luxembourg, Epuramat S.A. provides compact, chemicals-free and energy-efficient water and wastewater treatment solutions. Its patented pre-treatment solution uses fluid dynamics, with no moving parts, to separate solid matter from liquid, enabling wastewater to be more easily and more efficiently processed or recycled. The Epuramat plants are currently in operation in Europe, the US and Canada.
