Kemflo International Invests in HydroNovation Inc. Series C Financing
SAN FRANCISCO, 27 SEPTEMBER, 2013 – Kemflo International, today announced its first investment in HydroNovation Inc. as part of the company’s Series C financing. During this round, the 3M Company also increased its preferred shareholdings. HydroNovation Inc. based in San Francisco, California, is a developer of next generation water conditioning systems for residential and food service industry applications. Terms of the transaction were not disclosed.
The series C funding investment by Kemflo International will allow final design and manufacturing scale-up of HydroNovation’s advanced water treatment systems. Kemflo is a global leader in the manufacturing of water treatment products with an unparalleled reputation on quality, delivery and cost.
HydroNovation was founded in 2008 by water technology pioneer Anil Jha to address hardness minerals and other ionic contaminants prevalent in many water supplies around the world. HydroNovation’s patented HydroDI™ technology is a chemical-free water treatment solution that employs electricity and ion exchange membranes for the removal of ions from water. The HydroDI system offers the consumer an environmentally friendly alternative to traditional water softening along with the elimination of salt handling and chloride discharge associated with these traditional water softening systems.
“We see Kemflo as both an important investment and strategic manufacturing partner based upon their extensive expertise in water treatment, water filtration and manufacturing at scale,” said Anil Jha, founder and CEO of HydroNovation. “Our partnership with Kemflo enhances our ability to execute our manufacturing strategy and to continue the considerable progress that we’ve made to date”. HydroNovation has completed extensive successful field testing over the past two years throughout the U.S. with numerous point-of-entry systems at both residential and commercial locations.
C.S. Lin, CEO of Kemflo said: “We are excited about our investment into HydroNovation. We believe the development of this advanced water treatment technology will have global applications. Kemflo has been a leader for 30 years in residential drinking water products and is excited to be part of this next generation technology. We also believe Kemflo can add value to this new technology through leveraging our considerable manufacturing and design expertise.
“We welcome Kemflo’s decision to become part of HydroNovation’s consortium of investors and business partners. A strong and diverse team of partners will help to accelerate the company’s commercialization and production efforts to successfully deliver HydroDI systems to the market,” commented Stefan Gabriel, President of 3M New Ventures.
3M New Ventures, headquartered in Munich, Germany, identifies and invests in highly innovative companies and disruptive new technologies with strategic relevance for 3M. After leading HydroNovation’s previous financing, 3M increased its shareholding as part of this Series C Financing.
About Kemflo International
Kemflo International Co. Inc. is a privately held company with principle offices in southern Taiwan. Kemflo designs and manufactures residential drinking water products under private label for many global consumer brands. With manufacturing and sales offices located in Taiwan, China, Australia, The Netherlands, and the United States Kemflo has been a leader in residential drinking water products for over 30 years. Other brands in the Kemflo family include Yakima Products (outdoor leisure) and Filbur Manufacturing (Pool and spa).
For further information, visit www.kemflo.net
About HydroNovation
HydroNovation Inc. develops and manufactures electro-deionization HydroDI processing units under an exclusive worldwide license from Siemens Ionpure Group to serve the global residential and commercial markets. The company’s primary business goal is to partner with companies that supply complete solutions for these applications.
For further information, visit www.hydronovation.com
