TROY – Michigan startup Waste Stream Technologies has asked Money Finders to locate investors who can come up with $1 million in first-year funding to help the company begin commercializing its wastewater treatment systems, which company executives contend can reduce current costs by at least 50 percent.
WST says its systems can process twice as much wastewater as current systems of equivalent size. Conversely, a WST system can do the job of a conventional system twice its size. A conventional plant treating one million gallons per day could cost $400,000 per year to operate and maintain. A WST plant of similar capacity would cost $50,000, roughly one-eighth as much to operate and maintain, the company said.
Principal users of WST plants are expected to include municipalities, hospitals, universities and other large-scale institutions, plus industrial and chemical plants and corporate agricultural operations that must meet regulatory mandates for wastewater cleansing.
Money Finders CEO Fritz Spademan says Waste Stream Technologies should interest investors because it addresses a huge and growing market.
?According to published reports, the federal government will spend somewhere around $650 billion for wastewater treatment in the coming decade,” he said. “Michigan anticipates spending $25 billion alone. The City of Detroit reportedly is budgeting $400 million for repairing its existing system over the next two years.?
A WST treatment plant employs no chemicals. Instead, it removes chemicals, other organic compounds and biological contaminants such as coliforms. It produces no odors so its presence should be acceptable to local citizenry. Processed water can be discharged into the ground or into waterways. The company says that with tertiary treatment, discharged water can be clean enough to drink or even to bottle and sell.
Additional advantages include low acquisition cost, small plant footprint, low energy consumption, and operation without technically skilled support.
Waste Stream Technologies puts nature to work. Its patents-applied-for design employs banks of partially submerged rotating disks. The company says naturally occurring microorganisms cause a biomass, in effect a living purification process, to collect on the disks? surfaces. As the disks rotate into and out of wastewater, the surface biomass organisms absorb oxygen which they use to consume the water?s contaminants.
?Here is a revolutionary technology ? I think ?revolutionary? is warranted in this case – that was born in Michigan, can grow in Michigan, create jobs here, and help answer everyone?s concerns about the quality of the water we drink and the air we breath,” Spademan said.
?This early-stage investment opportunity is open to small investors who understand the risks and who meet applicable requirements. You don?t have to be a millionaire to participate,? Spademan said. ?Of course, millionaires are welcome, too.?
Interested parties can contact Fritz Spademan at (248) 890-2562 or email him at [email protected]
