Vancouver-Based Axine Water Technologies Recognized As ‘Ready to Rocket’ Among Fastest Growing Cleantech Leaders
- Published: Tuesday, 15 March 2016
- Author: Daily News
VANCOUVER, B.C. -- Axine Water Technologies, a company transforming industrial wastewater treatment, has been named a leader on the 2016 Ready to Rocket Cleantech list. Axine Water is among the cleantech companies that are best positioned to capitalize on the technology sector trends that will lead to faster growth than their peers, according to Rocket Builders, a respected management consulting firm servicing the technology industry.
"The cleantech sector in British Columbia is very strong, and the companies on the list have overcome significant commercialization hurdles to become well established," according to Dave Thomas, senior partner at Rocket Builders. "These companies benefitted from acquiring key industry partnerships to establish great channels to market. Growth rates are better than any other region in North America."
Related: A Radical Solution: Using dangling bonds to clean industrial waste water, New Technology Magazine, November 2013.
"After much research into the trends driving growth in the clean technology sector, it became clear that Axine Water is well positioned to capitalize on these trends," said Geoffrey Hansen, managing partner, Rocket Builders.
Jonathan Rhone, president and CEO of Axine Water, says industry generates billions of gallons of toxic wastewater that are increasingly complex, expensive and difficult to treat, create production bottlenecks, and subject to increasing regulation.
Conventional wastewater technologies are often unable to accept high concentrations of ammonia or organics, leaving industry to truck their wastewater off-site to be landfilled, incinerated or injected into wells at significant cost and risk.
"Axine is working with customers in the chemical, electronics and pharmaceutical industries to reduce costs and risks by eliminating trucking and disposal of wastewater off-site and ensuring regulatory compliance," Rhone says. "With industry's water demand at nearly a quarter of global water use today and growing, there has never been a greater need for a solution like our breakthrough technology."
Jeff Guild, VP at Bluetech Research, a global provider of water technology market intelligence, says "there is substantial market demand across multiple industries for innovative solutions that can treat challenging and costly high concentrations of toxic organics in wastewater."
Axine is launching into field pilots in 2016 with customers in chemicals, electronics and pharmaceuticals and anticipates its first commercial systems in 2017.
Axine develops unique, low cost solutions for treating high concentrations of toxic organics in industrial wastewater to help solve a multi-billion dollar problem across a wide range of industries. Its solutions are based on a breakthrough electrochemical technology. They are compact, modular and integrate into existing treatment plants to target specific pain points without disrupting operations.
Axine’s service model enables customers to access the technology with minimal capital investment and technology risk. Companies in the chemical manufacturing, oil refining, pharmaceutical and other industries can now improve wastewater performance at lower cost and risk. Axine eliminates off-site trucking and disposal, reduces production bottlenecks, increases water reuse and ensures compliance with discharge standards. For more information, visit www.axinewater.com.
Ready to Rocket is a unique business recognition list that profiles technology companies with the greatest potential for growth. Each year, based on analysis of trends that will drive growth in the Clean Technology sector, Rocket Builders identifies the top private companies that are best positioned to capitalize on the trends for growth. This selection methodology has been an accurate predictor of growth with "Ready to Rocket" companies exceeding industry averages for revenue, employee and investment growth. Learn more at www.readytorocket.com.
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