SOURCE: MicroMedia Filtration, Inc.

MicroMedia Filtration, Inc.

November 03, 2009 09:00 ET

Innovative Waste Water Treatment Company, MicroMedia Filtration, Receives Equity Financing From SAIL Venture Partners

LAKE FOREST, CA--(Marketwire - November 3, 2009) - MicroMedia Filtration, Inc. ("MMF") has announced the completion of a Series A round of equity financing from SAIL Venture Partners of Costa Mesa, CA. Established in 2003, MMF develops and markets advanced wastewater treatment systems in a wide range of system sizes for municipalities, real estate developers and the military. MMF produces modular systems in increments of 0.25, 0.6, and 1.0 mgd (million gallons per day) enabling its clients to design for the future but only build for what is needed today. MMF's proprietary waste water treatment system provides a substantial value proposition for its customers: (1) it requires only a fraction of the square footage needed by conventional systems, (2) its capital costs are as low as 50% of other systems' costs, and (3) the system operates on 80% less power than current and available technologies. Additional value-added features include substantial reduction in greenhouse gas emissions, elimination of virtually all odors, significant reductions in operating costs and conversion of recovered cellubsic solids into renewable electricity.

"MMF is a technology leader in an industry hungry for new solutions," said David Jones, Managing Partner of SAIL Venture Partners. "We are delighted to partner with the MMF team in fully implementing this technology which we believe will have a momentous impact on the market." Joining Jones on MMF's Board of Directors is Hank Habicht, also a Managing Partner of SAIL Venture Partners, and a nationally recognized authority on water policy and technology.

Ken Stedman, Founder and President of MMF noted, "We are very pleased that SAIL has committed its funds and expertise to our company. SAIL is a national leader in Cleantech investing and we value their involvement. This investment allows the Company to significantly expand its growth objectives through the expansion of its professional management team and marketing plans."

MMF, a growing leader in the treatment of domestic wastewater, developed and patented a revolutionary MicroMedia Filtration Process. This patented Process is a fully integrated treatment system which is modular in design. The design allows for the implementation of solids removal only, solids removal with energy generation or modular filtration vessels for secondary and tertiary treatment which meets reclaimed water standards. To date, MMF has installed its innovative waste water treatment system in Fontana and Adelanto, CA, Texas, and New England.

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Contact Information

  • Contact:
    Sarah Currie
    (917) 498-5748