Fluidion: Watertech 'Blind Date' 2014 Candidate

Fluidion was a candidate for an investor 'Blind Date' at Water Tech Invest 25 March, 2014

Profile compiled by Isle Utilities

Fluidion is a high-technology company providing innovative, self-contained, autonomous sampling and analysis solutions for environmental and water quality monitoring.

Protected by multiple international patents, the technology can be used in urban settings (drinking water, waste water) and in natural environments (rivers, lakes, oceans) to take and then analyse samples for water quality using visible light spectrophotometry. By providing a compact, wireless system with outstanding autonomy and being capable of sampling and analysing up to 32 vials, Fluidion simplifies operations in remote areas and/or during adverse weather conditions, ensuring that representative data are available at the right time, at competitive cost, with low risk and minimal logistics. The sampler is available in small volume (2mL) and large volume (250mL) versions.

The Fluidion sampler allows acquisition of up to 32 individual samples either at predefined times for regular monitoring, or by remote command. This functionality is achieved with very low power consumption, each unit being fully self-contained. The autonomy of the systems renders them suitable for monitoring large scale accidental discharges, whereas their resistance allows them to operate in hostile environments.


GIC investment values Intelligent Energy at US$630m

First published on the Cleantech Investor website, March 2014

Singapore’s sovereign wealth fund, GIC, has taken a 10% stake in UK fuel cell company Intelligent Energy for an investment of US$63 million (£38 million), through the issue of 15.1 million new shares. The deal values the company at US$630 million (£380 million) post investment.

A price of £2.5 per share is 8.7% above the price of £2.3 per share paid by investors in Intelligent Energy in 2012 (when the company was valued at £500 million).

According to Intelligent Energy, the funding will enable the company to accelerate progress in newly launched divisions and should bring forward the point when it will achieve a positive cash flow.

Jason Triplitt, Head, European Equities, GIC Asset Management Pte Ltd says the fund sees:

“long-term value in Intelligent Energy’s technology being deployed across a range of markets and applications with high quality partners.  We look to benefit from the fruition of years of business and technology development that has led to Intelligent Energy’s ability to develop fuel cells ready for mass-market deployment."

GIC manages funds of over US$100 billion with investments across 40 countries.


LG Chem in US$200m watertech deal

First published on the Cleantech Investor website, March 2014

LG Chem has confirmed that it has approved the acquisition of NanoH2O, the reverse-osmosis (RO) membrane developer, for US$200 million. California based NanoH2O, a University of California spin-out, was established in 2005. Its nanocomposite and polymer technologies are deployed in desalination plants and it sells membranes to clients in 33 countries. NanoH2O is building a desalination plant at Liyang, China, on the Yangtze River delta.

The company had historically received investment from Khosla Ventures, Oak Investment Partners, BASF Venture Capital GmbH, Total Energy Ventures and Keytone Ventures.

According to LG Chem, the RO membranes market is forecast to grow at an annual average of 23 percent and RO membranes are expected to become a $2.4 billion industry by 2018. The RO market is currently dominated by an industrial partnership between nanoH2o, Dow Chemical and Nitto Denko-Toray Industries of Japan.

The deal, which is expected to close in April, marks the second significant watertech acquisition within a matter of weeks, following on from the €80 million acquisition of France's Orège S.A. by Eren S.A.


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