AUSTIN, TX -- (Marketwire) -- 04/09/12 -- Omni Water Solutions, Inc., an emerging technology company focused on delivering a unique software and hardware approach for mobile water treatment and re-use, has accelerated its growth trajectory by being a portfolio company of the Austin Technology Incubator (ATI), a not-for-profit unit of the IC2 Institute of The University of Texas at Austin (UT). Since joining ATI in mid-2011, Omni Water Solutions has collaborated with ATI on several fronts including funding, market research and connecting with key professionals driving energy finance, regulation and best practices.
'We are excited to be working with Omni Water Solutions,' said Mitch Jacobson, Co-Director of ATI Clean Energy. 'Omni's technology offers such a unique solution for water treatment and is a testament to the clean energy innovation potential that can be found in central Texas. Warren and his team have been great to work with and we are incredibly optimistic about Omni's future success.'
Omni Water Solutions, which recently closed a $7.9M Series A round of funding led by Austin Ventures (AV), provides mobile water treatment platforms for oil and gas companies who are using large quantities of water in hydro-fracturing operations. ATI has played a pivotal role in helping the company establish relationships in the investment community. In addition, ATI has also assisted the company in gaining exposure at various events including the Clean Energy Venture Summit, which Omni won in September of 2011. The Incubator, in partnership with the University of Texas at Austin, has also provided resources for the company to perform extensive market research on shale play economics, competitors and emerging best practices in water re-use for oil and gas operations.
'ATI's leadership is very well connected and can help us get to the right people and resources that give us an advantage,' said Warren Sumner, CEO of Omni Water Solutions. 'Their history of success with new technology ventures speaks for itself and we look forward to continuing our beneficial relationship.'
About Omni Water Solutions
Omni Water Solutions is an emerging technology company focused on delivering a unique software and hardware approach for mobile water treatment and re-use in the oil and gas industry. Through its patent-pending Octozone? 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 oil and gas operators at significantly lower energy and maintenance costs. The company is based in Austin, Texas. Visit omniwatersolutions.com for more information.
The Austin Technology Incubator is a not-for-profit unit of the IC2 Institute of The University of Texas at Austin that harnesses business, government and academic resources to provide strategic counsel, operational guidance and infrastructure support to its member companies to help them transition from early stage ventures to successful technology businesses. Since its founding in 1989, ATI has worked with hundreds of companies, helping raise close to $1 Billion in investor capital. For more information, visit http://www.ati.utexas.edu.
Omni Water Solutions