Acuva Technologies Receives $2.1M Investment from Canadian Government for Growth and Global Expansion
VANCOUVER, British Columbia, Nov. 29, 2018 (GLOBE NEWSWIRE) — Acuva Technologies received $2.1M to support the development and commercialization of Acuva’s UVC-LED water disinfection technology from the Government of Canada’s Western Innovation (WINN) Initiative. Acuva’s proprietary technology combines the proven performance of UV disinfection with the energy efficiency of LEDs, maximizing available UV power through optical lensing. Acuva is among 18 top businesses in BC to receive a combined total of nearly $20M in WINN funding for growth and global expansion.
“We are honoured to receive WINN support through the federal government. This milestone recognizes Acuva’s potential, enables us to hire more local talent, and provide us with the resources we need to support Acuva’s rapid growth,” said Manoj Singh, Acuva’s CEO. “We are proud that our innovative UV-LED water treatment technology, developed here in Western Canada, will help solve the global need for safe drinking water.”
Access to safe drinking water contributes to improved health, helping reduce the risk of waterborne diseases. However, the World Health Organization (2017) reports that a quarter of the world’s population drinks contaminated water, causing over 2.2M deaths annually. Acuva’s compact, energy efficient UV-LED water treatment technology offers huge potential to address this global issue.
“The Government of Canada is working hard to help western Canadian entrepreneurs turn their ideas into thriving businesses and create well-paying, middle class jobs,” said the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Western Economic Diversification Canada. “Not only is Acuva Technologies strengthening British Columbia’s reputation as a leader in clean technology, it is helping vulnerable communities across the globe access a crucial resource – clean, safe drinking water.”
About Acuva Technologies Inc.
Acuva, a global leader in UVC-LED water disinfection technology, developed its UV-LED water purification systems to enable clean drinking water globally. Acuva’s Arrow and Eco products are point-of-use drinking water systems suitable for home, mobile and off-grid applications. Acuva’s Strike platform of customizable UV-LED modules is designed for ease of OEM integration into consumer and commercial water dispensing appliances. Advanced applications also include integration into lab water equipment.
Acuva’s technology provides a sustainable solution for OEMs phasing out conventional UV lamp systems to comply with the Minamata Convention on mercury, the UN Environmental Program whose mandate is to encourage the phasing out of mercury by 2020. Learn more at www.acuvatech.com.
About the Western Innovation (WINN) Initiative
WINN is a federal initiative promotes the development and diversification of the western Canadian economy by providing financial support to qualified businesses to help them accelerate bringing innovative products, processes, and services to global marketplace. It also stimulates greater private sector investment in western Canadian commercialization activities.
For more information, media inquiries or to book an interview please email: firstname.lastname@example.org
For business and investment inquiries, please contact: Manoj Singh, CEO, email@example.com