FilterBoxx Water & Environmental Corp.

FilterBoxx Water & Environmental Corp.

September 12, 2011 10:00 ET

FilterBoxx Water & Environmental Closes $9 Million Financing

CALGARY, ALBERTA--(Marketwire - Sept. 12, 2011) - FilterBoxx Water & Environmental Corp., a Calgary based company, announced today that they have closed a follow-on investment with XPV Capital and EnerTech Capital for $9 Million. The current round of financing will be used to help the Company continue its expansion of existing business lines and continue to move into emerging areas; including tailings pond treatment and offshore oil and gas water treatment.

"FilterBoxx has built an excellent reputation in the oil and gas industry as a provider of high quality products and services to help major energy companies address their water issues. We are in a position to continue growing while helping oil and gas companies minimize water consumption by reusing water, reducing energy consumption, and increasing efficiency," says Kevin Slough, Chief Executive Officer at FilterBoxx. "We are excited to have closed this round with these two highly regarded private equity funds. We believe that their involvement in the company lends a substantial amount of strategic and development support in the area of innovative water treatment technology, with emerging water issues in SAGD oil sand extraction, tailings water treatment, frac gas and enhanced oil recovery."

"FilterBoxx continues to grow strongly and add advanced technologies into its array of offerings to the world's leading oil & gas companies. XPV is excited to be involved in helping move the Company forward in its transition into a global player in water and wastewater treatment and reuse," said John Coburn, Chairman of FilterBoxx and Managing Director of XPV Capital Corp.

"Water reuse continues to be a critical environmental issue for the oil and gas sector. FilterBoxx has developed a strong suite of products and technologies which address the rapidly growing process water market segment. The current round of financing will assist the company in expanding its suite of water related technologies and bring on additional key management team members. Our investment in FilterBoxx fits squarely within our investment landscape around water technologies in energy," commented Wally Hunter, Managing Director at EnerTech Capital.

In operation since 2001, FilterBoxx has water treatment systems operating within Canada and the USA.

About FilterBoxx Water & Environmental

FilterBoxx Water and Environmental Corp. is a private company and leading provider of packaged potable water and wastewater treatment systems to drilling, mining and pipeline camps, small municipalities, resorts and aboriginal communities. Through our rental fleet and capital sale program, FilterBoxx addresses some of the most mission critical processes and industrial water treatment requirements of major oil and gas producers such as SAGD water reuse, boiler feed water treatment, and metals removal. For more information visit

About XPV Capital Corporation

XPV Capital Corporation is a Toronto-based investment firm focused on "Making a Difference in Water." By combining proven water entrepreneurs with seasoned investment professionals, XPV is a true value- added financial partner for both investors and companies aiming to capitalize on the sweeping transformation taking place in the global water industry. For more information visit

About EnerTech Capital

EnerTech Capital, a pioneer of the cleantech space founded in 1996, is a firm focused on mid and growth-stage ventures that use innovative technologies and business models to address the global need for cleaner, cheaper, and more efficient energy. EnerTech is located in Philadelphia and Toronto. For more information visit

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