Clean Filtration Technologies, Inc., a Redwood City, CA-based developer of an innovative water treatment technology, has concluded a first closing of $1.5m in a new round of financing led by The Dow Chemical Company (Dow) through its Venture Capital group.
An additional and final closing, which will bring the total investment to $3m, is expected during the current year.
The funding will enable the company to accelerate the commercial rollout its patented water filtration device (the CFT TurbocloneTM hydroclone system), designed to efficiently reduce total suspended solids (TSS) from water.
Reducing this particulate matter produces a consistent high quality feed stream that is suitable for numerous applications such as wastewater reuse, potable water processing, industrial processing and agricultural irrigation.
Commercial supplies of the device will be available in the second half of 2010 for customers in the USA and Mexico.