N.E.I. Treatment Systems, LLC, a Los Angeles, California-based global market leader in Ballast Water Treatment Systems (BWTS) for the maritime industry, has completed a private round of equity financing.
The financing, whose amount remained undisclosed, was subscribed by existing and new investors.
The company intends to use the capital to fund global expansion of operations and marketing efforts.
N.E.I. Treatment Systems also appointed Mr. Don Morissette to its Board of Directors. Mr. Morissette, President and CEO of DMH Holdings, brings to the company over 35 years of experience as a leader in the private and public sectors.
Led by CEO Jon Slangerup, the company manufactures and markets its patented and type-approved Venturi Oxygen Stripping™ (VOS) BWTS solutions, which eliminate invasive aquatic organisms transported via ships’ ballast tanks.
N.E.I. Treatment Systems sells the solution through a network of licensee, sales and service partnerships in fifteen countries around the world.