Sep 23, 2010

Bluewater Bio Announces Acquisition, Addition to Advisory Board

Tom Stephenson will join company as chair of Water Innovate

Bluewater Bio International, a global specialist in wastewater treatment, announced that it has agreed terms for the acquisition of Water Innovate, a technology transfer spin-out from Cranfield University School of Water Sciences. It expects to complete the deal in October.

Water Innovate has a number of near-market products and an R&D pipeline which Bluewater Bio plans to incorporate into its growing portfolio of advanced water treatment technologies. In particular, Water Innovate specialises in monitoring and modelling systems for wastewater treatment works, enabling operators to control key emissions such as odour and greenhouse gases, including nitrogen oxides, which helps to increase efficiency, aid compliance, reduce environmental impact and reduce costs.

Through the acquisition, Bluewater Bio will gain immediate access to Water Innovate’s current range of products, including:

&#149 N-Tox, a toxicity monitoring system that provides early warning of plant failure;
&#149 ODOURsim, dynamic odor modelling software for wastewater systems to enable selection of the optimum solution; and
&#149 A series of advanced processes including membrane, biological and catalytic technologies that remove pollutants from water and effluents contaminated with nitrates, phosphates, suspended solids, color or high chemical oxygen demand.

The acquisition includes a five year rolling agreement providing the Company with access to Cranfield’s ongoing R&D pipeline of advanced wastewater treatment technologies.

Bluewater Bio also announced the appointment Professor Tom Stephenson to its advisory board and as Chairman of Water Innovate. Professor Stephenson is a an expert in the water and wastewater industry with an international reputation, and is currently chairman of British Water.

Professor Stephenson, a graduate in biochemistry from the University of York, holds a PhD in civil engineering from Imperial College London, specialising in public health engineering. He is a Chartered Engineer, Fellow of the Institution of Chemical Engineers (IChemE), and a member of the Chartered Institution of Water and Environmental Management (CIWEM). He was recently elected as Fellow of the Royal Academy of Engineering.