Funding Will Provide Financing Flexibility for Companies and Communities Requiring Potable Water and Wastewater Treatment, Groundwater Remediation and Industrial Process Improvement

Envirogen Technologies, Inc. (Envirogen) and parent company Amplio Filtration have announced that they have reached agreement with an international provider of alternative investment capital to secure financing of up to $50 million for selected Envirogen environmental treatment projects. The funding will provide investment capital for design and installation projects that feature Envirogen’s proprietary technology and long-term service agreements across a broad range of environmental treatment scenarios. In the municipal arena, target projects include drinking water treatment, wastewater treatment and groundwater remediation for both organic and inorganic contaminants. In the industrial sector, projects will include groundwater and wastewater treatment as well as process improvement projects that have an environmental component – such as the recovery of materials from process or waste streams for use as recycled materials. All projects will feature Envirogen’s technology+services business model that guarantees performance and costs while delivering a low lifecycle cost for the operating life of the installation.

According to Michael M. Stark, President & CEO of Envirogen, the funding will give Envirogen’s customers additional flexibility as they look to finance badly needed environmental projects and allow these customers to secure the best lifecycle cost for their investments. “At Envirogen Technologies, we understand that a critical component of creating a low lifecycle cost for an environmental installation is its 10 to 20 years of operating costs, which is why our clients prefer we participate in the operations and maintenance of these  installations. At the same time, projects may be delayed or never get off the ground due to difficulties in obtaining the initial capital required for the design, build and install phase. By adding a robust financing element to our technology+services design and build capabilities, we believe we can help communities and companies better manage their costs and maximize their investments at the same time as they are achieving their environmental and regulatory goals,” he said.

The Envirogen Offering

Envirogen offers a broad range of technologies, supported by operating service options for a number of environmental treatment applications, including the delivery of high-quality potable water via groundwater treatment, groundwater remediation, wastewater treatment, water re-use, nutrient removal, and odor and VOC control for municipalities and industrial customers. In industrial markets such as mining, hydrocarbon processing and chemical processing, Envirogen also specializes in process water treatment, byproduct recovery and chemical purification. One of the distinguishing characteristics of Envirogen Technologies is its business model, which focuses on ‘lifecycle performance’ – providing guaranteed, pay-for-performance, long-term contracts at predictable costs, offering customers the lowest total cost over the lifetime of an equipment installation.

According to Andrea Davi, head of Amplio Filtration, the securing of this funding is evidence of Envirogen’s performance in the marketplace and a vote of confidence for its business model. “Envirogen has had an extraordinary first 6 months under the Amplio Group, winning numerous contracts and already becoming profitable. The $50 million financing puts Envirogen on a very secure financial footing for future design and build projects, not only underlining the strength and scope of the business but emphasizing the high quality of its technology and the ongoing servicing it provides,” he said.

Mike Stark went on to stress the importance of Envirogen’s comprehensive approach to project development. “If an environmental project isn’t meeting its performance criteria, no amount of upfront capital cost savings is worthwhile. At the same time, if the overall lifecycle costs of a project are too high, then the environmental project either won’t be undertaken or won’t be sustainable in the long term. In the real world of environmental protection – particularly in these difficult economic times - it is a fact that cost and performance go hand in hand,” he said. “The real mission of Envirogen Technologies is to marry one of the industry’s most exciting technology portfolios with performance guarantees and financing solutions that allow us to deliver the lowest lifecycle cost to our customers,” he added. For more information, visit www.envirogen.com.

 About Envirogen Technologies, Inc.

Headquartered in the Houston suburb of Kingwood, Texas, Envirogen is a technology+services solutions provider that designs, builds and implements systems for business in municipal and industrial water and environmental treatment applications. A primary focus for Envirogen is the concept of ‘lifecycle performance,’ in which the company provides guaranteed, pay-for-performance, long-term contracts at predictable costs that offer customers the lowest total cost over the lifetime of an equipment installation. Primary applications for Envirogen’s systems include treatment of groundwater for the delivery of high-quality potable water, groundwater remediation, wastewater treatment, water re-use, nutrient removal, and odor and VOC control for municipal and industrial markets. In industrial markets such as mining, hydrocarbon processing and chemical processing, Envirogen also specializes in process water treatment, byproduct recovery and chemical purification. The company conducts business throughout the United States, with regional offices in Southern California, Illinois, New Jersey and Tennessee. For more information on the company, visit www.envirogen.com. 

About The Amplio Group

 The Amplio Group is a leading international operator and investor focusing on investments with high growth potential in renewable energy, alternative fuels, filtration, recycling and environmental services.

 Working with experienced entrepreneurs and management teams to buy businesses in partnership, Amplio acquires or establishes the initial platform to then provide the required resources of capital, robust management skills and a broad international network to scale up operations to a critical size for future sale.

 Previous successful ventures include Amafilter Group, a leading European platform in the water and industrial fluid filtration market, which it successfully sold to ABN Amro in September 2008. Additionally, it established Maestrale Green Energy, where it developed, built and operated a network of wind farms in Italy, which was later sold to Theolia.

 Amplio successfully developed management structures and key strategic partnerships with leading international financial institutions to improve business performance and, in the case of Maestrale, successful expansion based on favourable long-term industry dynamics and supporting regulatory legislation, such as the Kyoto Treaty.

 In addition, Amplio has recently completed raising €40 million from institutional investors to build a pipeline of 100 mw solar plants.

 Amplio today has 3 businesses: Amplio Solar, Amplio Filtration and the recently established Amplio Biogas.  Amplio has 75 employees in Europe and the US.