Claros Technologies, a leading company in the field of high-throughput pennant destruction and analysis technologies, has secured a financing of $ 10 million (9.2 million euros) through change bonds. The company said the funds should accelerate the commercial use of the ClarostechuV Pfas destruction system on Wednesday.
The financing takes place at a time when the manufacturer: increasing regulatory pressure, law enforcement and complaints are exposed to PFAS chemicals. Per- and polyfluorinated alkyl substances (PFAS), also known as “Eternal Schemicals”, are a large group of industrial micals with particularly strong carbon fluorine bonds, which make them extremely resistant to breakdown.
Since the 1950s, PFAs have been used in a variety of applications- from waterproof raincases, hiking and yoga pants to household products such as furniture and cookware. They can withstand extremely high temperatures and at the same time are very resistant to oil and water. Today PFAs are considered persistent environmental pollutants that are not dismantled and associated with health problems such as reproductive disorders, thyroid diseases and various types of cancer.
The growing demand for permanent, inexpensive PFAS destruction technologies has strengthened interest in Claros’ solutions in North America, Europe and Asia. The change in the change of conversation attracted both existing investors: inside – including Capita3, the University of Minnesota, American Century Private Investments and FR Bigelow Foundation – as well as new strategic donors: inside. This resulted in a diversified investor base that strengthens the growth and market position of the company.
Michelle Bellanca, CEO and co-founder of Claros, emphasized the importance of recent progress and the ancestors for this: “Our recently carried out pilot test with Daikin America, Inc., in which our Clarostechuv-Pfas Disorder system reached a 99.99 percent destruction of the targeted PFAS with a high flow For industrial companies and an important milestone for Claros.
This pilot test not only set a new benchmark for what is possible with the scalable, inexpensive and permanent PFAS destruction, but also confirmed our ability to destroy all PFAS species-long, short and ultra-root-on a large scale. Interest in Claros is constantly increasing because the regulatory pressure grows and industrial actors are looking for permanent, reliable PFAS solutions. The Daikin pilot test marked a crucial turning point. The mandatory bond is not only an evidence of trust in our investor: inside, but also an essential prerequisite for scaling quickly and the urgency of the moment. ”
“There is no question that Claros takes a pioneering role in coping with one of the most urgent environmental problems of our time,” added Steve Sefton, Chairman of Clearwater Equity, one of the new investors: inside of the change in the change. “Even if PFAS will remain part of many industrial processes for the foreseeable future, there is no reason why the associated waste streams should continue to get into the environment. Claros offers a first -class solution that stops PFAs on the source and not only destroys them in scalable and inexpensive way.
With the change in the change of $ 10 million (9.2 million euros), the total financing of Claros has been $ 39 million (35.9 million euros) since it was founded, including grants and investments. The capital is deployed to promote the scaling of the Clarostechuv Pfas destruction system, to expand pilot and installation programs worldwide and to build up commercial operation in North America, Europe and Asia.
- Claros Technologies secured a financing of $ 10 million (9.2 million euros) in order to accelerate the commercial use of his Clarostechuvnpfas Disorder system, which is concerned with the growing problem of PFAS contamination.
- In a pilot test with Daikin America, Inc., the Clarostechuv-Pfas Disorder system achieved a 99.99 percent destruction of the targeted PFAs in the waste water with high flow and thus demonstrated its effectiveness and scalability.
- Claros technology offers an inexpensive and permanent solution for the destruction of all PFAS species that meets the regulatory requirements and helps industry to be one step ahead of the environmental standards.
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