Funds will help company scale up, flush out new product lines
CHARLOTTETOWN—The Atlantic Canada Opportunities Agency is investing half a million dollars into a P.E.I. company developing small-scale wastewater treatment technologies.
Specializing in water treatment methods used in places centralized wastewater treatment is not possible or too costly, Island Water Technologies Inc. will use the funds to support its solar-powered wastewater treatment technology known as REGEN, as well as ClearPod, a drop-in product for home septic systems.
“At Island Water Technologies we are very excited at the potential our wastewater treatment technologies bring to rural home-owners both here and abroad,” Patrick Kiely, CEO of Island Water, said. “We currently have a unique, ClearPod treatment solution for homeowners with under-performing septic systems. This funding from ACOA is a key component in us validating our improved REGEN technology, expanding our product offerings and driving future commercial success”
The company’s target markets include remote communities and facilities, militaries and disaster relief operations.