CONNECT Selects Glenjohn Capital LLC as Capital Competition Winner
KNEW Technology Transforms Polluted and Brackish Water to Drinking Water and Valuable Fertilizers
(firmenpresse) - SAN DIEGO, CA -- (Marketwired) -- 01/21/15 -- announced that has selected its KNEW technology as a Capital Competition Winner, thereby becoming a CONNECT Portfolio Company.
CONNECT''s Capital Competition is designed to connect startups with the capital they need to grow. As a CONNECT Portfolio Company, Glenjohn Capital is now eligible to present in investor forums such as Rock Stars of Innovation Summit and Demo Day as well as private investor events including Deal Day and Capital Roadshows.
Glenjohn Capital''s KNEW Technology is a patented process in remediating mine effluent called Acid Mine Drainage (AMD), fracking discharge and brackish ground water. The process effectively extracts all harmful minerals resulting in potable water and other commercially viable products such as potassium nitrate, ammonium sulfate, and gypsum.
According to Glenn Howard, Founder and CEO of Glenjohn Capital, "We''re especially proud of this recognition from CONNECT. As San Diegans, we know the value CONNECT brings to businesses like ours."
"The KNEW process solves a huge environmental problem by creating new sources of usable water, and produces fertilizers that are used in horticulture and hydroponic farming. The dream of providing water and food for all is within reach," added Howard.
The process uses proven, scalable ion exchange technology. The word is an acronym for "potassium nitrate (O3) x aste." In the process the polluted waste water from mines or fracking is neutralized, filtered to remove coarse particles and precipitated heavy metals, then pumped through an ion exchange system to remove the dissolved minerals producing water of any desired quality. The dissolved minerals are then blended with other chemicals to produce potassium nitrate, ammonium nitrate and sodium chloride. The Institute of Chemical Engineers (IChemE) has described the process in publications as the only cash-positive zero-discharge AMD, fracking and brackish water remediation process available.
is a private equity firm specializing in sourcing new technologies and unique solutions to issues that affect industries throughout the world.
is a regional program that catalyzes the creation of innovative technology and life sciences products in San Diego County by linking inventors and entrepreneurs with the resources they need for success.
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cell: 858 752-7493
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Datum: 21.01.2015 - 13:00 Uhr
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News-ID 1331763
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