Over the years, MIOX expanded its production capacity, focusing on drinking water disinfection in small villages and rural areas, introduced on-site purification options, and developed a miniaturized version of the mixed oxidant technology for use by campers, hikers, soldiers, and travelers. Today, total venture capital investment in MIOX stands at nearly $50 million, with the latest $19 million investment coming last summer from Silicon Valley-based venture capital firm DCM. MIOX has an expanding presence in over 40 countries, is under contract to the U.S. military, and serves growing markets in municipal water systems, hospitals, and swimming pools and spas.
Carlos Perea`83 `Water is life.`
Incorporated in 1994, MIOX uses mixed-oxidant technology, originally developed in 1982 by Los Alamos Technical Associates (LATA), to purify water. At the time, LATA was under contract to the U.S. Army to create a portable unit to disinfect water anywhere in the world without requiring dangerous or difficult-to-obtain chemicals. The first patent for the MIOX technology was issued in 1988, and the first field unit installed in 1992.