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Print Edition StoriesThursday, April 23, 2009
N.E. boasts four top water tech firms in Artemis Project list
By Efrain Viscarolasaga
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A new listing of the top water technology companies in the world from The Artemis Project includes four companies based in New England, with two of the top three being locally grown.
Cambridge-based desalination technology developer Oasys Water Inc., which landed $10 million in venture funding in February, and Vermont-based Seldon Technologies Inc., which makes water filtration and purification devices based on nanomaterials, were listed as numbers two and three, respectively, on the list.
Stealth-mode startups 349Q Inc. of Somerville, which was launched by Bang Ventures co-founder Mark Modzelewski, and Electrolytic Ozone Inc. of Cambridge were also included on the list, ranking at numbers 42 and 44, respectively.
The listing was the first in what officials at The Artemis Project, a California-based consultantcy and research firm focused on water technology, expect to be an annual feature. The water tech firm rankings were conducted using a scoring system by intellectual property advisory group ipCapital Group of Williston, Vt., and incorporated the strength and breadth of a company’s intellectual property as well as its proposed technologies.
The list included companies from all over the world and was led by Arizona-based AbTech Industries Inc. at number one. California has the greatest number of companies on the list with 17, while the Northeast was represented by an additional three companies from New York.
Internationally, the list included five companies from Israel, three from Denmark and one each from Luxemburg, Australia, Ireland and Spain.
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