Oasys Water Secures Series B Financing, Accelerates Expansion
Boston – Oct. 1, 2013 – Oasys Water, a world leader in innovative solutions for water treatment and desalination, today announced the company has completed a $15M Series B financing which included a syndicate of strategic and existing investors. The funds raised will help the company to accelerate commercialization of the Oasys MBC™ technology in the oil and gas industry, and to expand into additional industrial markets, including power and mining.
“In this next phase of our company, our goal is to provide highly differentiated, high value solutions for a multitude of water challenges. We continue to pursue our strategy of working with an elite group of strategic partners and are focused on providing excellent customer service.” said Jim Matheson, President and CEO of Oasys Water.
The company has also expanded geographically, moving into the Chinese market with a solution for the rapidly growing power industry. Oasys anticipates that over the next five years, nearly 50% of bookings will be from Asia.
“China is currently undergoing extraordinary growth and is in need of solutions that can help solve major water demands. Our technology is ideally suited to treat water required for infrastructure expansion for the power and petrochemical industries.” said Matheson. “We are excited to have found a dynamic partner in China to provide a sound platform with which to capture an important share of the industrial ZLD (zero liquid discharge) market.”
In addition to expanding commercial activity, Oasys remains focused on continuous innovations and expanding the portfolio through new product introductions.