|
Category: Investment, Water
Government of Canada Invests in Clean Water Technology
KINGSTON, ONTARIO - November 27, 2009 - A technology that will greatly reduce the time and cost involved in testing our water for potentially dangerous pathogens is moving closer to commercialization, thanks in part to funding from Sustainable Development Technology Canada (SDTC), an arm's-length, not-for-profit corporation created by the Government of Canada.
"By investing in Canadian technologies such as Pathogen Detection Systems' clean water technology, our Government is helping to stimulate a new green economy in Canada, creating jobs and helping to protect the environment," said David Anderson, Parliamentary Secretary to the Minister of Natural Resources and for the Canadian Wheat Board.
SDTC, through its SD Tech FundTM, has committed $2.4 million to a project led by Kingston-based Pathogen Detection Systems Inc. for the development and demonstration of its portable, on-site, high-speed, fully automated microbiological water monitoring system to detect E. Coli and Total Coliforms in water. This funding was approved by SDTC's Board of Directors in June 2008.
"Pathogen Detection Systems' water monitoring system is a great example of a clean technology solution to a problem that affects all of us," said SDTC President and CEO Vicky Sharpe. "An alternative to the current slow, cumbersome water monitoring methods, this technology will help Canadian water utilities to get timely and more accurate water quality analysis, ensuring access to clean water while reducing testing costs," said Ms. Sharpe.
"This SDTC funding will have a significant positive impact on the planned expansion of Pathogen Detection Systems," said Pathogen Detection Systems President David Dolphin. "Our goal is to take this Canadian technology to the world".
Through its SDTC funded project, Pathogen Detection Systems will integrate its microbiological water monitoring system with sophisticated water treatment optimization software, reducing time by 50 to 80 %, reducing costs and improving test integrity. This will bring both water and greenhouse gas environmental benefits by improving water plant performance, reducing energy consumption and decreasing toxic water treatment by-products.
About SDTC
Sustainable Development Technology Canada (SDTC) is an arm's-length foundation created by the Government of Canada which has received $1.05 billion as part of the Government's commitment to create a healthy environment and a high quality of life for all Canadians.
SDTC operates two funds aimed at the development and demonstration of innovative technological solutions. The $550 million SD Tech FundTM supports projects that address climate change, air quality, clean water, and clean soil. The $500 million NextGen Biofuels FundTM supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels.
SDTC operates as a not-for-profit corporation and has been working with the public and private sector including industry, academia, non-governmental organizations (NGOs), the financial community and all levels of government to achieve this mandate.
About Pathogen Detection Systems
The PDS mission is to have a worldwide impact on public safety and the quality of the environment by developing advanced, automated systems for the detection of potentially harmful pathogens, such as bacteria, chemicals, and their by-products.
PDS was founded in 2003 to commercialize a novel method of automating microbiological testing based on research and development conducted at Queen's University in conjunction with a number of industrial partners. This research was inspired by the Walkerton water tragedy in which 7 people died, and thousands fell ill due to E.coli contamination of the water supply. Headquartered in Kingston, Ontario, Canada, PDS was acquired by Veolia Water Solutions & Technologies (VWS) in early 2009. PDS's expertise in water monitoring technologies, spectrophotometry and synthetic chemistry is now supported by the resources and technologies of the world's leading water treatment company.
About Veolia Water Solutions & Technologies
VWS, the world leader in water treatment, is a specialized provider of technological solutions and design-build services to meet the needs of public authorities and industrial companies. It is a fully-owned subsidiary of Veolia Water, the global leader in water services. With 8,900 employees worldwide, VWS recorded revenues of $ 3.7 billion (USD) in 2008.
For more information, please contact
SDTC
Patrice Breton
Director, Communications
613-234-6313 x295
media@sdtc.ca
Published at www.Water-Stocks.com, an investor and industry portal for the water sector within Investorideas.com
Publish your news with us and get distribution on the Investor Ideas Newswire and our new Water stocks news feed
Investors can research global water stocks with the Water Stocks Directory. Visit the Investorideas.com Water Stocks Index - Published at www.investinwhoyouare.com Index based on 9 water stocks from the global water stocks directory at www.Investorideas.com and www.water-stocks.com
Investors: Sign up for free newsletter, stock and sector news alerts at Investorideas.com. Or publish your own stock picks and share your investing and trading ideas with other investors. Publish your investor ideas today!
www.InvestorIdeas.com - Big Ideas for the Small Cap Investor
Disclaimer: The views and opinions expressed in the research published are those of the individual companies and writers and not necessarily those of Investorideas.com®, or any of the industry sector portals . At the time of publication, writers may hold positions in the stocks or companies mentioned.
Investorideas.com® or any of the industry sector portals cannot assure accuracy of the research presented. Investors are encouraged to research and verify facts and under no circumstances is Investorideas.com® endorsing the content as a recommendation to buy or sell stock.
|
