Omni Water Solutions Secures Series A Funding for Mobile Water Treatment Platforms

February 29, 2012
By

AUSTIN, TX, Feb 28, 2012 (MARKETWIRE via COMTEX) —
Omni Water Solutions, Inc., an emerging technology company focused
on delivering mobile water treatment platforms for water treatment
and re-use, has secured $7.9 million in Series A financing. The round
was led by Austin Ventures and also included family office investors
connected to land, oil, and gas in the Eagle Ford Shale region of
Texas. Pasadera Capital represented Omni in this transaction.
Proceeds from the financing will support the company’s plans to build
and deploy its HIPPO(TM) treatment units for oil and gas operations
where water can be treated and re-used instead of lost to disposal.

Omni Water Solutions was founded in 2010 and has developed a
patent-pending system, called Octozone(TM), with real-time sense and
respond automation that allows for the treatment of high volume,
contaminated water supplies. Omni’s mobile platforms, which feature
this technology, can treat water to the level required by the user
and deliver consistent water quality despite rapid variations in
contaminant levels. This consistent water quality simplifies and
streamlines the well completion process for more predictable results
and lower costs.

“Omni has an industry-leading approach, which has resulted in
successful pilot tests with several marquee exploration and
production operators,” said Clark Jernigan, Venture Partner at Austin
Ventures. “We believe that as domestic energy exploration continues
to expand, Omni’s advanced technology will become increasingly
important to companies that are looking for economical solutions to
water conservation and re-use.”

“This investment validates Omni’s strategy to provide a technology
with built-in intelligence that automatically adjusts to
ever-changing oilfield conditions,” said Warren Sumner, CEO of Omni
Water Solutions. “This capability makes our HIPPO(TM) units more
durable and easier to operate, providing operators a superior
approach to making better use of our scarce water resources.”

About Omni Water Solutions
Omni Water Solutions is an emerging
technology company, which specializes in developing and deploying
mobile water treatment platforms for water re-use. Through its
patent-pending Octozone(TM) automation technology, Omni’s platforms
are able to treat a wide variety of contaminated, high-volume water
sources. The result is output water custom tailored to the
requirements needed by the operator at significantly lower energy and
maintenance costs. The company is based in Austin, Texas. Visit
omniwatersolutions.com for more information.

About Austin Ventures
Austin Ventures (“AV”) has worked with
talented entrepreneurs to build valuable companies for over 25 years.
With $3.9 billion under management, AV is the most active venture
capital and growth equity firm in Texas and one of the most
established in the nation. With an investment focus on business
services and supply chain, financial services, new media, Internet,
and information services, AV invests at all stages of company
development, from $100,000 in “planned experiments” in early-stage
ideas to $100+ million investments in expansion rounds and
recapitalizations. AV’s strategy is to partner with talented
executives and entrepreneurs through its CEO-in-Residence and
Entrepreneur-in-Residence programs. Visit austinventures.com for more
information.


        
        Media Contact
        Ashwin Kumar
        Omni Water Solutions
        512.963.4469
        Email Contact
        
        
        


SOURCE: Omni Water Solutions


 
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