Validated disruptive UV technology positions company for rapid growth
NeoTech Aqua Solutions Inc. added Jeff Green, founder and CEO of NeoTech, to its board of directors.
The appointment of Green to the board coincides with the company’s recently announced validation of its ultraviolet (UV) technology in select municipal systems and in anticipation of the release of NeoTech Aqua’s large-capacity MagnumUV system in the third quarter of 2014. With more than 400 UV systems deployed globally, NeoTech’s patented technology reduces spatial requirements by 75%, power and operational expenses by up to 90%, and maintenance and parts requirements by up to 90% compared to conventional UV systems.
Green currently serves as founder and CEO of NanoH2O, a global provider of reverse osmosis membranes that leverage nanotechnology to lower the cost of desalination. Since 2007, he has overseen the rapid development of nanocomposite membranes from bench-scale research to next-generation commercial technology with more than 150 installations in 36 countries in the three years since market launch. In April 2014, NanoH2O was acquired by LG Chem, the $22 billion global chemical company of the LG Group, for a reported $200 million.
“Jeff has a demonstrated ability to accelerate market acceptance of unique water treatment technologies globally,” said Stephen Dunham, NeoTech Aqua’s president and CEO. “He appreciates the importance of leveraging technology to create substantial energy and economic efficiencies for customers, the cornerstone of NeoTech Aqua’s UV value proposition. The addition of such a respected entrepreneur in our industry fits well with NeoTech Aqua’s growth trajectory in both the industrial and municipal UV markets.”