Pasteurization Technology Group Secures $1 Million Venture Capital Investment

Posted: Monday 2nd April 2012

Investment enables pioneer of wastewater disinfection and renewable energy to expand operations and address growing market opportunities worldwide.

Pasteurization Technology Group (PTG), innovator of the only wastewater disinfection process that creates renewable energy, has secured a $1 million investment from EIC Ventures, an early-stage venture capital investment fund. EIC Ventures is led by David Dubé, an experienced venture capital investor and CEO of Canada-based Concorde Group. Dubé is also a PTG board member and previous investor in the company. The financing will be used to expand PTG’s sales, marketing, R&D and field engineering operations, and to address the rapidly-building customer demand for its technology, which uniquely combines wastewater disinfection with renewable energy generation — solving two problems for the price of one

“We are extremely pleased by the strong interest Pasteurization Technology Group has received from the investment community over the past year and we are delighted by EIC’s increased investment. EIC Ventures brings strong industry and international expertise that will help us continue our rapid growth,” said Greg Ryan, co-founder and CEO of Pasteurization Technology Group. “We are currently fielding numerous requests from businesses across a variety of industries that want to capture a precious resource—water—while generating renewable energy to offset their electricity costs. Our technology offers a sustainable solution that fits well with current market dynamics and a growing realization that water is a precious and valuable resource that cannot be wasted.”

“We are excited to be increasing our investment in Pasteurization Technology Group. As an experienced venture capital investor in the cleantech and energy industries, we see that thousands of wastewater-treatment plants in North America alone are looking for ways to reduce their costs and meet smart sustainability targets,” said David Dubé, managing director of EIC Ventures and CEO of Concorde Group. “PTG’s patented IP offers an extremely efficient solution to industrial customers in the food, beverage, agriculture, and oil and gas industries. In addition, the company’s capital-efficient business model, combined with its growing sales demand, makes PTG highly attractive to us as early-stage venture investors.”

PTG’s robust technology is a timely solution for municipal wastewater treatment facilities, many of which are aging rapidly and operating at, or even over, capacity. Additionally, wastewater treatment is facing increasingly stringent water-quality regulations and rising energy costs, driving demand for cost-effective and sustainable solutions that enable the re-use of water. PTG is also experiencing strong demand from industries that include food, beverage, and oil and gas.

PTG’s process delivers re-usable water and renewable energy PTG is the first and only company in the world to combine wastewater disinfection with renewable-energy generation. PTG’s patented technology can use the digester gas (often referred to as biogas, a natural by-product of wastewater treatment) as fuel to drive a turbine that generates renewable electricity. The hot exhaust air from the turbine (energy that is typically wasted) is then passed through a series of heat exchangers that increase the temperature of the wastewater to a level that disinfects the wastewater stream. PTG’s technology is significantly more cost-effective and more energy-efficient than other methods. And, unlike other wastewater disinfection approaches, PTG’s systems do not require toxic chemicals such as chlorine or costly electrical power and expensive lamps.

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