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Ynet
Yedioth Aharonoth
Start-up BPT raised $2.5 mln
Elron and Aurum have collaborated in the financing round which gave the company a post-money value of $6.8 mln. It is Elron’s third investment in water technologies during the past year.
by Assaf Malichi
Published April 19, 07 14:58
Start-up BPT (Bio Pure Technology Ltd.) raised $2.5 mln from Discount Investments’ (48.76%) Elron Electronic Industries and Aurum with a post-money valuation of $6.8 mln for the company.
Founded in 2000 by Dr. Motty Perry and Sigma PCM Investments, BPT provides advanced membrane-based separation solutions. The company addresses the needs of the water, wastewater treatment and additional large industries to enable fast handling and re-use of water and other resources within the process.
BPT products have been successfully field proven in the course of the last years at the pharmaceutical, chemical, food and other industries. The company has already made some first sales and presently deals with giant International corporations who are testing its technology with the purpose of implementing it at their sites.
The membrane field, regarded today as a part of the Clean-Tech sector, is the world fastest growing water and wastewater treatment technology. It is with the aim of penetrating this market that giant corporations like Siemens and General Electric have bought membrane companies through huge multi-billion dollar acquisitions over the last years.
Doron Birger, Elron’s President & CEO, commented: "This marks Elron’s third investment in water technologies during the past year, which demonstrates our strong commitment to the globally emerging Clean-Tech sector and the active Israeli water industry".
Roy Amitzur, BPT’s CEO, stated: “We gladly welcome Elron’s and Aurum’s integration into our company. They specialized in the last few years in investing in the water and wastewater treatment sector and we regard them not merely as investors but as strategic partners as well. We believe that this combination of advanced technologies, our heading team and the new investors will lead BPT to take in the tremendous market potential that exists there for our products.”
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