Machines & Accessories
Acuva gets growth financing for UV-LED water disinfection tech
By CANADIAN VENDING
Acuva Technologies Inc. announced the closing of a $5.4 million growth financing with a syndicate of existing and new investors to deliver their innovative drinking water purification systems to global consumers.
Acuva has established global leadership in UV-LED disinfection technology and secured partnerships with several major international Original Equipment Manufacturers (OEMs) to commercialize its Strike series of products encompassing proprietary IntenseBeam™ technology.
The proceeds of the financing will be used to meet the rapidly growing demand for Acuva’s proprietary products in global markets and to fund the growth of the Company’s teams both in Canada and abroad.
“Securing this round of financing is further validation of Acuva’s vision to enable clean drinking water globally and is a testament to the market’s appetite for our technology and products,” said Manoj Singh, CEO of Acuva in a press release.
Acuva’s proprietary IntenseBeamTM technology, developed in partnership with the University of British Columbia, combines the proven performance of UV disinfection with the energy efficiency of LEDs, maximizing available UV power through optical lensing. This purifies drinking water with microbial disinfection rates up to 99.9999 per cent to protect health and safety without adding any chemicals into the water, all without requiring any maintenance or ongoing servicing needs.
Through its Strike platform of customizable UVC-LED drinking water disinfection modules, Acuva is helping to make safe drinking water more accessible around the world.
“We look forward to continuing our work in enabling clean drinking water and beyond,” said Singh, “We are in a strong position to capitalize on our many growth opportunities and momentum.”