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Monday, January 23, 2012

Oasys Water names Muscat as new CEO

By Michelle Lang

Boston startup Oasys Water Inc. is commercializing its water desalination treatment and it’s named a new chief executive to lead the charge.

Bob Muscat, a former general manager of GE Energy’s Environmental Services business, has been appointed CEO of the Boston company. He will set the “long-term vision for the company,” according to Oasys Water’s board Chairman Jim Matheson. 

Oasys Water’s desalination water process aims to use less energy than existing methods to convert salt water into drinking water. The forward osmosis process relies on the company’s Engineered Osmosis platform to cut electricity costs associated with producing clean water.

In December 2010, Oasys Water announced that it was planning to open a new R&D facility in South Boston and move its headquarters to a separate South Boston location from its previous base in Cambridge.

Oasys received $10 million in venture capital in February 2009 from Flagship Ventures of Cambridge, Advanced Technology Ventures of Waltham and Draper Fisher Jurvetson of California. Oasys chairman Matheson is a general partner at Flagship.


 

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