Wednesday, August 27, 2008

MIOX Scores $19 Million Investment

Albuquerque, NM -- MIOX Corporation, a provider of advanced water treatment systems, announced that DCM, a leading international venture capital firm, has led a series C investment round totaling $19 million with participation from existing investors Sierra Ventures and Flywheel Ventures. Over the past year, MIOX has experienced strong growth in the U.S. municipal drinking water disinfection market and is leveraging this success to pursue opportunities in institutional and industrial markets. MIOX has successfully developed and brought to market technology for a variety of other applications in market segments including personalized handheld water purification, cooling towers, food and beverage and aquatics. Link.