15 Apr Investing DKK 37 million to obtain the purest water in the world

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INVESTING DKK 37 MILLION TO OBTAIN THE PUREST WATER IN THE WORLD

Aquaporin A/S, a Danish industrial biotech company, has received capital funds to complete development of a technologically advanced membrane for purifying water for industrial purposes. Contributing the capital funds were Danish Investment Company M. Goldschmidt Capital A/S and Syddansk Teknologisk Innovation A/S.

Aquaporin will apply the capital funds to complete the development of a unique, revolutionary water filtration technology, expectedly by 2010. The goal is to create the purest water in the world for industrial purposes. Based on the water channels of living cells, the new technology will be the world’s first to result in 100% water purification.

As a result of the capital contribution, M. Goldschmidt Capital’s Chairman, Hans Henrik Hallager, and its COO, Søren Bjørn Hansen, will join the Aquaporin board of directors. Syddansk Teknologisk Innovation will be represented on the board by its Head of Investment, Michael Frank.

“Aquaporin has undergone some exciting changes over the last two years that enabled it to reach some essential milestones. The company is now ready to accelerate its evolution, and we believe this opportunity to ensure the company’s momentum together with M. Goldschmidt Capital is very attractive,” said Michael Frank.

More than USD 300 billion market
The global market for water purification is estimated to be worth more than USD 300 billion, and Aquaporin believes that its membrane technology has enormous potential. The company is initially concentrating on developing a membrane for producing ultra pure water for industrial purposes, i.e. the manufacture of pharmaceuticals, computer chips and flat screens, among other things. The market for products used to produce ultra pure water is estimated to be worth more than USD 3 billion worldwide.

“Aquaporin’s technology has extremely promising business potential, and it is also very important in a global perspective. Initially, we will work with Teknologisk Innovation to help fully develop the technology. In the next phase, M. Goldschmidt Capital will, subject to certain assumptions and conditions, contribute additional capital towards commercialising the technology,” said Søren Bjørn Hansen.

Aquaporin A/S: A ground-breaking Danish industrial biotech company
Headquartered in Lyngby north of Copenhagen, Aquaporin was founded in 2005 by Morten Østergaard Jensen and Peter Holme Jensen. The company is committed to revolutionising water purification through “white biotech”, i.e. bionanotechnology, a high-tech field in which Denmark has taken an early global lead. Aquaporin specialises in developing a highly water-selective membrane.

“Quite simply, we want to copy Nature’s water filtration method. Our technology is based on the water channels in living cells, and it will be the first water purification technology in the world to purify water 100%,” said Jensen, who is CEO of Aquaporin.

The technology will be developed in a three-year EU project in cooperation with a number of European industrial and academic partners. Aquaporin has been the prime mover in this EU project, which is coordinated by DHI.

Syddansk Teknologisk Innovation A/S: A leading Danish innovation environment
Syddansk Teknologisk Innovation A/S is owned by the Danish Technological Institute, an innovation environment approved by the Danish Ministry of Science, Technology and Innovation. Syddansk Teknologisk Innovation’s mission is to invest in innovative business ideas in the seed phase.

M. Goldschmidt Capital A/S: A proactive new investment company
M. Goldschmidt Capital was founded early 2007 as a subsidiary of the M. Goldschmidt Holding Group. The company executes and manages the group’s direct investments in small and medium-sized Danish businesses. The Aquaporin investment is M. Goldschmidt Capital’s third, and its first venture capital investment.

For additional information please contact:

Peter Holme Jensen, CEO of Aquaporin A/S
Phone: +45 28 10 52 72

Michael Frank, Head of Investments, Syddansk Teknologisk Innovation A/S
Phone: +45 72 20 28 00

Søren Bjørn Hansen, COO, M. Goldschmidt Capital A/S
Phone: +45 33 63 09 00