SOURCE: Cleantech Open

Cleantech Open

November 18, 2010 14:28 ET

Pacific Northwest's Puralytics Wins National Cleantech Open

Oregon-Based Water Purification Technology Tops 17 Other Cleantech Startups From Around Nation to Win $250,000 in Cash and Services

SEATTLE, WA--(Marketwire - November 18, 2010) - The Cleantech Open (www.cleantechopen.com), the world's largest cleantech business competition, announced that Oregon-based Puralytics, a developer of photochemical water purification products, has been awarded the competition's national prize. At the National Awards Gala and Expo in San Jose last night, Puralytics was named the national winner from a talented pool of 17 other cleantech startup teams from across the United States and will receive the national prize of $250,000 -- comprised of $100,000 cash and $150,000 in-kind startup services. Earlier this year, the company was selected as one of three Pacific Northwest region finalists, which awarded them a $40,000 regional prize of cash and services and ensured their spot in the national final.

"Puralytics is a shining example of the kind of innovative and savvy cleantech companies our region needs to foster job growth and a new green economy," said Byron McCann, Co-Chair of the Pacific Northwest Cleantech Open. "Our region is proud of Puralytics and all of our teams, and we thank our mentors, volunteers, and sponsors for the countless hours dedicated to the competition."

Beaverton, Oregon-based Puralytics was recognized by the competition's judges for its development of photochemical water purification products designed for critical contaminants such as petrochemical and pharmaceuticals. Unlike most current water purification technologies, which can create known health risks or return all of the sequestered contaminants back to the environment, Puralytics uses light (either from LEDs or direct sunlight) to create processes that totally remove contaminants from the environment without any wastewater or chemicals. Initially targeting industrial and commercial facilities, the company aims to expand to provide a solution for water treatment in small communities and remote rural areas.

Other Pacific Northwest-based 2010 Cleantech Open national finalists who presented their business plans at the National Awards Gala and Expo included:

  • Hydrovolts -- in-stream, hydrokinetic power -- Seattle, WA
    • (Competed for national sustainability award)
  • Arcimoto -- three-wheel electric vehicle -- Eugene, OR
  • Nanocel, Inc. -- liquid cooled, plastic heat sinks -- Seattle, WA

In March of this year, 271 teams across five regions submitted entries and were selected to compete in the 2010 Cleantech Open. 81 of those teams advanced to the semifinals, with the final 18 participating in the 2010 national finals. Throughout the eight-month long competition, Puralytics, along with all regional semifinalists, received expert coaching from the Cleantech Open's network of talented mentors, one-on-one consulting with specialists, an intensive business boot camp at the Cleantech Academy, plus numerous supporting events, training and materials.

CLEANTECH OPEN SPONSORS
The Cleantech Open is made possible by the generous support provided by Global Partner: Chevron; Global Foundation Partner: Ewing Marion Kauffman Foundation; National Sponsor: Autodesk; Multi-Regional Gold Sponsor: Wells Fargo. The Pacific Northwest region is sponsored by Platinum Sponsor Wilson Sonsini Goodrich & Rosati.

ABOUT THE CLEANTECH OPEN
The Cleantech Open is the world's largest cleantech business competition. Its mission is to find, fund and foster entrepreneurs with big ideas that address today's most urgent energy, environmental and economic challenges. The program provides the infrastructure, expertise and strategic relationships to turn ideas into successful global cleantech companies. Since 2006, through its one-of-a-kind annual business competition and mentorship program, the Cleantech Open has helped hundreds of clean technology startups bring their breakthrough ideas to fruition, helping alumni contestants raise over $280M and creating an estimated 2,000 green collar jobs. Fueled by a network of more than 750 volunteers and sponsors, the Cleantech Open unites the public and private sectors in a shared vision for making America's cleantech sector a thriving economic engine.

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