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Article: Oasys Closes $10 Million Financing.
- Article from:
- Business Wire
- Article date:
- February 17, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Developing ultra-low cost seawater desalination and water treatment
CAMBRIDGE, Mass. -- Oasys Water, Inc., the leading developer of Engineered Osmosis (EO(TM))desalination and water treatment technology, today announced the close of a $10 million Series A round of financing. Lead investors included Massachusetts based Flagship Ventures and Advanced Technology Ventures (ATV), as well as Silicon Valley firm Draper Fisher Jurvetson (DFJ). Oasys plans to use the funds for the development of its commercial platform aimed at reducing the need for large amounts of costly electricity for producing clean drinking water from seawater and other non-potable water and ...