H2O Innovation completes purchase of Biosor Technologies
QUEBEC CITY, QUE-H2O Innovation (2000) has completed its acquisition of Biosor Technologies, following up on an agreement in principle signed in late April setting out the terms and conditions of the transaction (ELW May 2-9, 2005). The acquisition gives H2O exclusive rights to the Biosor(tm) technology in America, along with expertise developed over the past ten years by Quebec's Industrial Research Centre (CRIQ). Biosor developed a filtration technology essentially based on peat and wood chips. Its treatment capacity is comprised of various filtration, biological and chemical processes that allow more than 95% purification of the organic pollutants found in municipal, agri-food and agricultural effluents. Application of the technology to other types of liquid and gaseous effluents is currently in the testing stage. The company has patents in Canada and the U.S., with patents pending in Mexico and eight European countries. Its technology has been certified by the Quebec Ministry of Sustainble Development, Environment and Parks. As a result of its acquisition of Biosor, H2O says it is now the Quebec company with the largest number of Ministry-certified processe in the water treatment sector for commercial, institutional and community applications. Former Biosor president Elise Villeneuve has accepted a permanent position with H2O, and will ensure the integration of the technology. More information is available from Guy Goulet, H2O Innovation president and CEO, 450/227-4771, E-mail firstname.lastname@example.org.