Axine Water Technologies

Axine Water Technologies

September 25, 2013 09:00 ET

Axine Water Technologies Appoints Greg Peet to Board of Directors

Additional expertise helps Company as it enters intensive commercialization phase for its low-cost, chemical-free industrial wastewater treatment technology

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 25, 2013) - Axine Water Technologies, developers of a simple, low-cost, chemical-free solution for treating high concentrations of problematic, toxic organics and other pollutants in industrial wastewater, today announced the appointment of successful technology entrepreneur and executive, Greg Peet, to the Company's Board of Directors.

"As we enter into a new phase of growth and commercialization, it's critical we surround ourselves with proven experts in building successful technology companies," said Jonathan Rhone, President & CEO of Axine. "Greg will be invaluable to Axine's rapid expansion."

Greg Peet is an accomplished business leader, entrepreneur, angel investor, and corporate director specifically with technology companies. He specializes in creating customer-centric and operationally-focused corporate cultures transforming early-stage companies from R&D organizations to viable commercial enterprises. While CEO at A.L.I. Technologies, he grew the business from 14 to 400 employees and over $100 million in annual revenues resulting in a sale to McKesson Corp. in 2002 for $526 million in cash, marking one of the most important transactions in the image management market. After joining McKesson to head their Medical Imaging Group, he grew annual revenues 200% over two years to $100M, entirely through internally-generated growth. In 2002, Greg was recognized as Ernst & Young's Pacific Entrepreneur of the Year and in 2007, appointed "Person of the Year" by the B.C. Technology Industry Association. He currently serves on a number of company Boards, is Co-Chair of the B.C. Premier's Technology Council, and serves on the Board of Governors of the University of British Columbia (ranked among the top 30 in the world).

About Axine Water Technologies

Axine has developed a simple, low-cost, chemical-free solution for treating high concentrations of problematic, toxic organics and other pollutants in industrial wastewater solving a multi-billion dollar problem for large companies in a wide range of industries. Its energy-efficient, scalable system treats recalcitrant and non-biodegradable organics, ammonia, and some inorganics (up to 10,000 mg/L COD) at up to five times lower cost than conventional chemical or biological solutions. And due to its compact, modular design, it is designed to seamlessly "plug into" existing treatment plants, targeting specific pain points without disruption to current processes. This means for the first time, oil & gas, refining, chemical production, and other heavy industries can avoid the production bottlenecks, high treatment and disposal costs, water reuse limitations, and difficulties meeting increasingly tougher regulations that have plagued them for decades. For more information, please visit www.axinewater.com.

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