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20.4.2007 | 04:24 Haaretz
Elron Electronic Industries Ltd. a member of the IDB Holding group, Completed its third investment in Cleantech. Elron bought approximately 19% of BPT (Bio-Pure Technology Ltd.)’s outstanding shares for approximately $1.2 million, by company net worth of $6.3 million. The aggregate financing round of $2.5 million was led by Elron and Aurum Ventures M.K.I. that is owned by Morris and Benjamin Cahan.
BPT provides advanced membrane-based separation solutions that address the unique needs of wastewater treatment, mainly chemical processes. BPT technology, based on NF (Nano-Filtration) enable high-grade separation and re-use of water and materials within wide range of industries, such as pharmaceuticals, chemicals, agrochemicals, metals, food & beverage, drinking water, water re-use and desalination. BPT a company based in Rishon Letzion was founded seven years ago and employees 15 workers. BPT’s products were successfully field tested by major clients and the company began sales this year.
Roy Amitzur, CEO, BPT-Bio, explained that the technology of the company, that was develop by Dr. Motty Perry, the former director of development in Membranas Industry Company owned by Siba Gaygi can filter molecularly in standard room conditions, where as rival techniques like that of the Koch company dose that in clean rooms, which means bigger investmens.
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