In other news below:
-- San Antonio, Hydranautics, Avista provided RO unit to hurricane ravaged areas
-- ACC approves first rate increase for American States Water in over 14 years
-- FuelCell Energy named one of Conn.'s fastest growing technology companies for third year
-- S&P: Despite hurricanes, limited growth seen for environmental, waste management industry
-- Coca-Cola releases 2004 Environmental Review with gains in water, packaging, energy
-- American Capital invests $29 million in Infiltrator Systems
-- Gov. Rendell honors six Pennsylvania environmental leaders
-- Solutia declares force majeure on certain nylon products due to hurricanes
-- Clean Water Act agreement reached with N. Ky. Sanitation District No. 1
-- Panamanian ship's chief engineer indicted for covering up pollution
-- Stopping invasion of zebra mussels, other marine exotics
MIOX Corp. gets $16 million investment, new executives
ALBUQUERQUE, N.M., Oct. 7, 2005 -- MIOX Corp., a specialist in onsite disinfection/oxidation systems, has received a $16 million investment from new and existing shareholders. The new investors represent over $10 million in a combination of debt and equity. The deal was structured by a special purpose fund, Entrada Ventures LLC, with a lead investment by Flywheel Ventures, a venture capital firm based in Santa Fe, N.M. Additional investors included Altira, a Denver-based venture capital firm, and a group of private investors. The funds will be used to position MIOX for growth with a focus on developing existing product lines targeted at municipal water treatment, as well as development of new markets and technologies. Along with the deal, the company gets a new CEO and COO...
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San Antonio, Hydranautics, Avista provided RO unit to hurricane ravaged areas
OCEANSIDE, CA, Oct. 7, 2005 -- Hydranautics, a global leader in membrane technology, reported Oct. 1 that it had provided 48 CPA-400 filtration membranes to the city of San Antonio's reverse osmosis (RO) trailer that was be sent to the Gulf Region shortly after Hurricane Katrina hit. The RO unit can provide a minimum of 100 gpm of purified water for potable use. Avista Technologies, a S. Calif.-based company, generously supplied chemicals for pretreatment to the RO membranes...
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Among other recent headlines:
• ACC approves first rate increase for American States Water in over 14 years -- SAN DIMAS, CA, Oct. 7, 2005 -- American States Water Co. announced that the Arizona Corporation Commission (ACC) approved a rate increase for Chaparral City Water Company (CCWC), a subsidiary of American States Water Company, in Arizona. The rate increase was effective on Oct. 1 and is expected to generate additional annual revenues of $1.1 million, an 18% increase over current revenues...
• FuelCell Energy named one of Conn.'s fastest growing technology companies for third year -- DANBURY, CT, Oct. 7, 2005 -- FuelCell Energy Inc. has been named to Deloitte's prestigious Technology Fast 50 Program for Connecticut, a ranking of the 50 fastest growing technology companies in the area. Rankings are based on the%age revenue growth over five years from 2000-2004. FuelCell Energy's increase in revenues of 52% from 2000 to 2004 resulted in a 36 ranking in the Technology Fast 50 for Connecticut. The average increase in revenues among companies who made the Technology Fast 50 for this region was 36%...
• "S&P: Despite hurricanes, limited growth seen for environmental, waste management industry" -- NEW YORK, Oct. 7, 2005 -- Rising costs, slower volume and increased competition have combined to slow growth among companies in the solid waste management, water supply and treatment, air pollution, and environmental remediation sectors, and prospects for growth remain limited into 2006, said Standard & Poor's in its semi-annual survey on the environmental services industry, published today. These and other findings are available in the report, Environmental & Waste Management Industry Survey, published twice yearly by Standard & Poor's, a leading provider of independent investment research, ratings and indices...
• Coca-Cola releases 2004 Environmental Review with gains in water, packaging, energy -- ATLANTA, Oct. 7, 2005 -- The Coca-Cola Co. released its third annual report on the environment, documenting progress in company and bottler operations that have improved water use ratios, increased energy efficiency and improved recycling efforts. These efforts -- all part of its Global Water Initiative -- are integral to the company's commitment to environmental stewardship while growing its global business...
• American Capital invests $29 million in Infiltrator Systems -- BETHESDA, Md., Oct. 7, 2005 -- American Capital Strategies Ltd. has invested $29 million in Infiltrator Systems Inc., a leading manufacturer of plastic chambers used in underground wastewater management systems. Its investment takes the form of senior subordinated debt and supports Graham Partners' acquisition of Infiltrator. A syndicate led by Merrill Lynch Capital is providing senior financing, including a revolving credit facility, a capex facility and senior term loans. A group led by Graham Partners and Infiltrator management are investing in the equity.
• Gov. Rendell honors six Pennsylvania environmental leaders -- HARRISBURG, PA, Oct. 7, 2005 -- Gov. Edward G. Rendell honored six of Pennsylvania's most remarkable environmental leaders during a state dinner held on their behalf at the Governor's Residence on Thursday. The honorees -- Ernesta Drinker Ballard, State Rep. Camille George, Caren Glotfelty, Sister Pat Lupo, Maryruth Wagner and Dr. Mel Zimmerman -- were recognized for their significant contributions in the environmental field and for the inspiration they have provided to others...
• Solutia declares force majeure on certain nylon products due to hurricanes -- ST. LOUIS, Oct. 7, 2005 -- Solutia Inc., a leading manufacturer and provider of performance films, specialty chemicals and an integrated family of nylon products, today announced that it has recently declared force majeure for certain products within its Integrated Nylon Division. Hurricane Rita has caused raw material and utility supply limitations, and some of Solutia's suppliers have declared force majeure. The hurricane and supply limitations have impacted manufacturing operations throughout Solutia's Integrated Nylon Division. As a result of the supply limitations, Solutia is allocating available supply of certain products during the force majeure period...
• Clean Water Act agreement reached with N. Ky. Sanitation District No. 1 -- WASHINGTON, DC, Oct. 7, 2005 -- The U.S. Department of Justice and EPA have reached a comprehensive Clean Water Act settlement with the Sanitation District No. 1 of Northern Kentucky. At a cost of at least $880 million, the District has agreed to make extensive improvements to its sewer systems to eliminate unauthorized overflows of untreated raw sewage and to control overflows of combined sewage and stormwater. Each year, the District has been unlawfully discharging untreated sewage and experiencing overflows of combined sewage into the Ohio River and its tributaries in amounts totaling almost a billion gallons...
• Panamanian ship's chief engineer indicted for covering up pollution -- BOSTON, Oct. 7, 2005 -- An Indian national working as the chief engineer on the Panamanian container ship M/V MSC Elena was indicted late yesterday by a federal Grand Jury and charged with conspiracy, obstruction, destruction of evidence, false statements and violation of the Act to Prevent Pollution from Ships in connection with the use of a secretly concealed "magic pipe" used to discharge sludge and oil contaminated waste overboard...
• Stopping invasion of zebra mussels, other marine exotics -- AMES, IA, Oct. 7, 2005 -- The invasion of exotic marine species is a national problem. There are sea lampreys and spiny water fleas impacting the Great Lakes. There are more than 230 exotic species dominating San Francisco Bay. And there are problem species that have made it inland to Iowa. To get from place to place, these species often hitch a ride in a ship's ballast tanks. Those tanks are filled when empty tankers and cargo ships travel from port to port. The extra weight gives the ships stability and control. Exotic species -- such as zebra mussels from Russia -- can be carried in the ballast and dumped in a new home where they have no predators or natural controls. They can overwhelm native ecologies, spread into new territories and cause billions in economic damage, including at water treatment or industrial water intake systems...
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In earlier newsbriefs, see: "WaterBriefs: Seaman Corp. supports Gulf Coast disaster relief" -- Also in this report (Oct.6, 2005): Indiana company eliminates chemicals from water treatment; PennWell acquires Small Times magazine, nano conference; H2O Innovation chosen for drinking water treatment project for Canadian tribal nation; Ultra Pure Water Technologies Inc. installs systems at convenience store chain; PPG raising prices for North American industrial coatings; URS picks coordinator for hurricane recovery efforts in Gulf Coast; Work begins at Wellington Oro site in Colorado; Photonic Products Ltd. celebrates 10th anniversary...
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