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374Water revenue surges in Q2 on PFAS waste destruction projects
Proactiveinvestors NA· 2025-08-12 20:26
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced news journalists who produce independent content across various financial markets [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content includes insights into sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]
CWTI Prepares to Ship Electrochemical Water Treatment System for Production of High Purity Water
Globenewswire· 2025-08-12 14:00
Core Points - Current Water Technologies Inc. has completed the fabrication and in-house testing of its electrochemical water treatment system, which is set to be shipped to the client within 1-2 weeks [1] - The successful implementation of this system is expected to lead to additional near-term sales for the company and its partner [2] Company Overview - Current Water Technologies Inc. specializes in applying patented electrochemical technologies for the treatment of wastewater, desalination, and drinking water contaminated by metals or nutrients, particularly in sectors such as mining, metal processing, chemicals, agriculture, municipal, and waste management [3] - The company operates a division called Pumptronics Incorporated, which focuses on custom design and automation of integrated pump stations [3] Stock Information - The common shares of Current Water Technologies Inc. are traded on Tier II of the TSX Venture Exchange under the symbol "WATR" [4]
Ovivo to Sell its Electronics Division to Ecolab and Start a New Phase of Growth
Prnewswire· 2025-08-12 12:05
Core Insights - Ovivo Inc. has entered into a definitive agreement to sell its Electronics division to Ecolab for an enterprise valuation of approximately 2.4 billion Canadian dollars, with the transaction expected to close in the first quarter of 2026, pending regulatory clearance [1][2][3] Group 1: Transaction Details - The sale of the Electronics division is seen as a milestone for Ovivo, providing new opportunities within Ecolab and marking the beginning of a new phase for Ovivo [2][3] - Ecolab, a global leader in sustainability, operates in over 170 countries and has annual sales of US$16 billion, employing approximately 48,000 associates [8] Group 2: Future Strategy - Following the transaction, Ovivo will focus on accelerating organic growth in its Municipal, Energy, and Cembrane divisions, as well as expanding its industrial business in North America through acquisitions [4] - The transition is expected to enhance collaboration across the SKion Water portfolio and strengthen corporate functions between SKion Water and Ovivo [4] Group 3: Company Background - Ovivo is recognized for its expertise in water treatment, with over 150 years of experience and a strong global brand presence [6][7] - The company operates in 18 countries and employs more than 1,500 experts in water treatment, providing innovative and sustainable solutions for both industrial and municipal markets [6][7]
Cavitation Technologies, Inc. Signs an Agreement with BMI Group to Advance “Forever Chemicals” Removal Using Chemical Free Proprietary Technology
Globenewswire· 2025-08-11 10:30
Core Viewpoint - Cavitation Technologies, Inc. has entered into a partnership with BMI Group to enhance the removal of PFAS, a significant environmental concern, through advanced fluid processing technologies [1][3][4]. Company Overview - Cavitation Technologies, Inc. specializes in innovative flow-through nano-technology systems for fluid processing applications across various industries, including water treatment, agriculture, and pharmaceuticals [7]. - BMI Group, established in 2005, focuses on engineering and environmental solutions, particularly in water and wastewater treatment [6]. Agreement Details - The agreement grants BMI Group exclusivity rights in its territory and mandates a minimum of $1 million in annual sales [3]. - The collaboration aims to implement a scalable and effective process for PFAS removal, utilizing CTi's High-Pressure Nano-Reactor® and Cavitation Non-Thermal Plasma™ systems [3][4]. Technology Advantages - The combined technology effectively mineralizes PFAS into harmless compounds, eliminating secondary waste and hazardous chemical handling [11]. - The systems are designed to operate at 25 gallons per minute (GPM) with potential for higher flow rates, making them suitable for commercial-scale treatment [11][8]. - The technology also addresses multiple contaminants, improving water quality and reducing operational costs across various sectors, including industrial water treatment and agriculture [5]. Industry Context - PFAS contamination is a critical environmental issue, with over 60 million pounds disposed of in the U.S. in the past five years [2]. - Current PFAS removal methods are inadequate, often transferring contaminants rather than eliminating them [11].
FLINT Announces Transformational Recapitalization
Globenewswire· 2025-08-08 00:44
Core Viewpoint - FLINT Corp. is initiating a recapitalization transaction aimed at significantly reducing debt and annual interest costs, simplifying its capital structure, and improving liquidity, ultimately positioning the company for future growth opportunities [1][5][10] Recapitalization Details - The recapitalization will be executed through a plan of arrangement under the Business Corporations Act (Alberta), involving the exchange of $135,335,053 in senior secured debentures for new common shares, which will represent approximately 90% of the total shares post-recapitalization [3][6] - Existing preferred shares will be extinguished, and holders will receive new common shares representing about 7.5% of the total shares post-recapitalization [3][6] - A share consolidation will occur at a ratio of one post-consolidation common share for every 40 pre-consolidation shares, resulting in existing common shareholders retaining approximately 2.5% of the total shares post-recapitalization [3][6] - Total debt will be reduced by approximately C$135,335,053, and annual cash interest expense will decrease by about C$10,826,804 [3][6] Stakeholder Support - Canso Investment Counsel Ltd., the largest shareholder and primary lender, has entered into a support agreement to vote in favor of the recapitalization [4][10] - Directors holding common and preferred shares have also agreed to vote in favor, representing approximately 6.9% of the issued common shares [4][12] Financial Advisory and Fairness Opinion - ATB Capital Markets has been engaged as a financial advisor, determining that the recapitalization is the most viable option for reducing debt and enabling growth [8] - Origin Merchant Partners has provided a fairness opinion to the Independent Committee, stating that the recapitalization is fair from a financial perspective for common and preferred shareholders [9][10] Required Approvals - The recapitalization requires approval from securityholders at separate meetings, with at least two-thirds of votes needed from each class of securityholders [13][15] - Regulatory approvals, including from the TSX and the Court of King's Bench of Alberta, are also necessary for the implementation of the recapitalization [15][14]
FROG CREEK PARTNERS LAUNCHES WATER REPLENISHMENT INITIATIVE WITH SUPPORT FROM MICROSOFT
GlobeNewswire News Room· 2025-08-07 17:51
Core Insights - Frog Creek Partners is collaborating with the city of Cheyenne, Wyoming, to launch a stormwater initiative aimed at protecting Crow Creek from pollution, funded by Microsoft [1][2] - The project will install 127 Gutter Bin® stormwater filtration systems, estimated to prevent over 10 tons of pollution annually from reaching Crow Creek [2][5] - This initiative supports Microsoft's commitment to be water-positive by 2030, which includes reducing water-use intensity and replenishing more water than consumed in priority locations [2][6] Project Details - The new Gutter Bins will enhance the effectiveness of previous installations, which included 67 Gutter Bins set up in 2021, already capturing significant amounts of pollution [3][5] - Crow Creek is listed as an impaired waterway due to sediment and E. Coli pollution, necessitating measures to comply with total maximum daily load (TMDL) limits [4] - The existing Gutter Bins have captured tens of thousands of pounds of pollution and filtered millions of gallons of water, contributing to the city's pollution reduction efforts [4] Community and Corporate Responsibility - The collaboration reflects a growing trend of companies partnering with local governments to actively engage in community resource stewardship [7] - Cheyenne's City Council has adopted a resolution to clean Crow Creek, with Microsoft playing a significant role in this initiative [7] - Frog Creek's expertise in stormwater filtration positions it as a valuable partner for advancing Microsoft's water replenishment goals [7] Broader Impact - Similar Gutter Bin installations in other locations, such as Colorado Springs and Vail, have demonstrated significant pollution reduction and improvements in local ecosystems [8][9] - The goal of the Cheyenne project is to restore Crow Creek to a fishable, swimmable, and ecologically healthy state, benefiting both the community and future generations [10][11]
Easy Environmental Solutions introduces Nano Void technology into 2 new industries with orders for systems for local Minnesota businesses
Prism Media Wire· 2025-08-07 12:41
Core Viewpoint - Easy Environmental Solutions Inc. is expanding its Nano Void technology into new industries, with installations planned for a livestock truck washing operation and a resort in Minnesota, valued at approximately $200,000, which will generate recurring revenue streams [2][5][9]. Group 1: Technology and Applications - The Easy Nano Void 60 model will be installed at a livestock truck washing operation, injecting 1.6 trillion super oxygenated Nano Void bubbles per gallon into liquid manure, which helps break down waste and eliminate odors [3][5]. - A second Easy Nano Void 30 model will be installed at a resort in Northern Minnesota to dredge muck from the swimming area of the lake using the proprietary Terreplenish solution [7][9]. - The company offers three Nano Void models (150, 60, 30) for various applications, including agriculture and water treatment, and a 450 model for oil separation, all of which are membrane-free and more efficient than competitors [5][10][11]. Group 2: Market Potential and Revenue - The two projects in Minnesota are expected to yield ongoing revenue from Easy Nano Void Operating License fees and the sale of Terreplenish, highlighting the potential for recurring revenue streams [5][9]. - The technology is positioned as a sustainable solution for rural communities facing failing waste systems, with plans for widespread adoption across similar installations nationwide [3][5]. Group 3: Company Vision and Leadership - CEO Mark Gaalswyk emphasizes the need for chemical-free water restoration solutions, aiming to address global challenges related to water treatment and desalination [5][14]. - The company is focused on sustainability and efficiency, developing modular technologies to solve major environmental issues [15].
Easy Environmental Solutions introduces Nano Void technology into 2 new industries with orders for systems for local Minnesota businesses
Globenewswire· 2025-08-07 12:40
Core Insights - Digital Utilities Ventures, Inc., now known as Easy Environmental Solutions Inc., is nearing the completion of its Easy NanoVoid systems, which will be installed at two distinct businesses in Minnesota [1] - The Easy NanoVoid 60 model will be delivered to a livestock truck washing operation, injecting 1.6 trillion super oxygenated NanoVoid bubbles per gallon into liquid manure, effectively breaking down waste and eliminating odors [2][4] - The company is expanding its technology into new industries, with installations valued at $200,000, generating recurring revenue through Easy NanoVoid Operating License and Terreplenish sales [4][8] Technology and Product Development - After three years of testing, Easy Environmental Solutions offers three Nano Void models (150, 60, 30) for agriculture and water treatment, plus a 450 model for oil separation, all membrane-free and producing 1.67 trillion bubbles per gallon [4][9] - The Easy NanoVoid systems are designed to meet the needs of various industries, including agriculture, commercial, consumer, water treatment, and oil production, providing effective water cleanup solutions [9] - The technology is noted for its efficiency, using one-tenth the power of competitors while maintaining bubble durability for up to a month [9] Market Demand and Sustainability - CEO Mark Gaalswyk emphasizes the urgent need for water restoration solutions that are environmentally sound and chemical-free, addressing the growing demand for water treatment and desalination [11] - The company aims to provide sustainable solutions for global challenges, particularly in rural and arid areas, through innovative technologies [4][12] - The installations at the livestock truck wash and a northern resort highlight the company's commitment to addressing waste management and lake dredging needs [4][8]
Hawkins, Inc. to Participate in the Seaport Research Partners' 14th Annual Summer Investor Conference
Globenewswire· 2025-08-06 13:36
Company Overview - Hawkins, Inc. is a leading water treatment and specialty ingredients company founded in 1938, headquartered in Roseville, Minnesota [3] - The company operates 64 facilities across 28 states and employs approximately 1,100 people [3] - In fiscal 2025, Hawkins, Inc. generated $974 million in revenue [3] Upcoming Conference Participation - The company will participate in Seaport Research Partners' 14th Annual Summer Investor Conference, which will be held virtually from August 19 to August 20, 2025 [2] - CEO Patrick Hawkins and CFO Jeff Oldenkamp will represent the company, with Hawkins scheduled to speak on August 20, 2025 [1][2] - The conference is expected to attract over 500 institutional buy-side investors and will include one-on-one and small group meetings [2]
Fuel Tech Reports 2025 Second Quarter Financial Results
Globenewswire· 2025-08-05 20:50
Core Insights - Fuel Tech, Inc. reported a decline in consolidated revenues for Q2 2025 to $5.6 million from $7.0 million in Q2 2024, primarily due to lower revenues in the Air Pollution Control (APC) segment [6][8] - The company anticipates improved performance in the second half of 2025, driven by ongoing developments in its business segments and new contract opportunities, particularly in the APC segment related to data centers [2][3] - The company maintains a strong financial position with nearly $31 million in cash and no long-term debt as of June 30, 2025 [2][10] Business Segment Performance - The FUEL CHEM segment's revenue remained flat at $3.1 million, but gross margin improved to 46.8% from 45.5% due to increased sales activity [9] - APC segment revenue decreased to $2.5 million from $3.9 million, attributed to the timing of project execution, but the company expects to secure additional contracts worth between $2.5 million and $3.0 million soon [4][8] - The company is set to demonstrate its TIFI Targeted In-Furnace Injection technology in Q4 2025, which is expected to enhance its client base [3] Financial Overview - Consolidated gross margin for Q2 2025 increased to 45.5% from 41.9% in Q2 2024, reflecting improvements in both APC and FUEL CHEM segments [6] - SG&A expenses rose slightly to $3.3 million, leading to an increase in SG&A as a percentage of revenues to 60.2% from 46.1% [7] - The net loss for Q2 2025 was $(689,000), or $(0.02) per share, compared to a net loss of $(421,000), or $(0.02) per share in Q2 2024 [7][20] Cash and Investments - As of June 30, 2025, the company had cash and cash equivalents of $10.6 million, short-term investments of $12.4 million, and long-term investments totaling $7.9 million [10] - Stockholders' equity at the same date was $40.6 million, or $1.32 per share, with no debt reported [10][18] Geographic Performance - In Q2 2025, revenues from the United States were $4.4 million, while foreign revenues were $1.1 million, contributing to total revenues of $5.6 million [33] - For the six months ended June 30, 2025, total revenues were $11.9 million, slightly down from $12.0 million in the same period of 2024 [33]