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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]
FLINT Announces Second Quarter 2025 Financial Results
Globenewswire· 2025-07-31 21:00
Core Viewpoint - FLINT Corp reported a decrease in revenues year-over-year but achieved improved operating results, demonstrating resilience in its business model and operational strength [3][4]. Financial Performance - Revenue for Q2 2025 was $148.3 million, a decrease of 10.1% from Q2 2024, but an increase of 7.6% from Q1 2025 [8][9]. - Gross profit for Q2 2025 was $18.5 million, up 2.9% from Q2 2024 and up 28.5% from Q1 2025, with a gross profit margin of 12.5% [10][11]. - Adjusted EBITDAS for Q2 2025 was $9.6 million, representing a 16.1% increase from Q2 2024 and an 88.3% increase from Q1 2025, with an Adjusted EBITDAS margin of 6.5% [12][9]. - SG&A expenses for Q2 2025 were $9.4 million, down 7.5% from Q2 2024, maintaining a consistent percentage of revenue [11][9]. Liquidity and Capital Resources - As of June 30, 2025, liquidity, including cash and available credit facilities, was $97.4 million, an increase of 133.5% from $41.7 million in the same period of 2024 [8][9]. - The company has an asset-based revolving credit facility with a maximum borrowing limit of $50 million, maturing on April 14, 2027 [14]. Corporate Updates - The annual meeting of common shareholders was held on June 24, 2025, where the election of directors and the appointment of auditors were approved [19].
Hawkins, Inc. Reports First Quarter Fiscal 2026 Results
Globenewswire· 2025-07-30 20:10
Core Insights - Hawkins, Inc. reported record revenue of $293 million for the first quarter of fiscal 2026, marking a 15% increase year-over-year, with all three reporting segments contributing to this growth [3][6][7] - The Water Treatment segment experienced significant growth, with a 28% increase in sales, driven by both acquired businesses and improved pricing [3][8] - The company successfully completed the acquisition of WaterSurplus, enhancing its capabilities in water treatment and positioning for future growth [3][6][19] Financial Performance - Net income for the first quarter was $29.2 million, or $1.40 per diluted share, compared to $28.9 million, or $1.38 per diluted share in the prior year [5][6] - Adjusted EBITDA increased by 13% to $57.6 million, with trailing twelve-month adjusted EBITDA exceeding $170 million [6][17] - Gross profit rose by 12% to $72.4 million, maintaining a gross margin of 25% [6][11] Segment Performance - Water Treatment segment sales increased by $32.4 million, or 28%, to $149.6 million [8][32] - Food & Health Sciences segment sales grew by $4.1 million, or 5%, to $89.2 million, with agricultural products driving the increase despite competitive pricing pressures [9][32] - Industrial Solutions segment sales saw a modest increase of $0.9 million, or 2%, to $54.5 million, primarily due to higher sales volumes [10][32] Expenses and Balance Sheet - Selling, general and administrative expenses rose by 24% to $31 million, largely due to costs associated with the WaterSurplus acquisition [15][32] - The company's leverage ratio at the end of the first quarter was 1.6x, reflecting a strong balance sheet despite increased debt from the acquisition [3][19] - Working capital increased by $22 million compared to the end of fiscal 2025, driven by higher inventories and receivables [19][27]
Dr. You-Zhi Tang Appointed to the CWTI Board of Directors
Globenewswire· 2025-07-29 18:35
Company Announcement - Current Water Technologies Inc. has appointed Dr. You-Zhi Tang as a director, effective immediately, and he will serve on the Audit and Compensation Committees of the Board [1][3] - Dr. Tang is an internationally recognized expert in cleantech with extensive experience in renewable energy projects and has multiple patents in hydrogen technologies and wastewater treatment [2] Leadership Changes - Dr. Gene Shelp, President and CEO, expressed enthusiasm for collaborating with Dr. Tang on a strategic hydrogen management plan related to the commercialization of the AmmEL-H2 wastewater treatment system [3] - Mr. Alex Kaszuba has stepped down as Director to accommodate Dr. Tang's appointment, having served on the Board since January 1, 2020 [3] Company Overview - Current Water Technologies focuses on applying patented "Electrochemical Technologies" for wastewater treatment, desalination, and drinking water purification, particularly in sectors like mining, metal processing, and agriculture [4]