The company intends to use the capital to scale and trial its oxygen production material, hire additional scientific professionals, increase its production capacity, and expand its operations internationally.
Led by CEO Scott Walton, Enovex develops advanced gas separation technologies with innovative characteristics, targeting CO2 separation and other high-value industrial gasses. One technology is a solid adsorbent material that achieves strong gas uptake at sub-atmospheric pressures. The other is a membrane apparatus that improves the material’s performance by 50%.
The company also has employees in Fredericton, New Brunswick and Calgary, Alberta.