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News and Information Article
LAKE FOREST, Calif., Nov. 1 // -- WaterHealth International,
Inc. (WHI) today announced that it has concluded the first close of its
Series C round of funding, with a more than $7 million equity investment
anchored by Dow Venture Capital. WHI expects the final close of its round
of funding by year end, with an anticipated additional $3 to $5 million
investment.
Since WHIs inception, more than 450 systems using WHI purification and
disinfection technology have been installed in a number of countries around
the world, including India, the Philippines, and Mexico. The latest round
of funding enables the company to more rapidly increase its global presence
and demonstrate the potential of its scalable business approach.
"We are delighted that Dow recognizes WaterHealths potential to make a
major and sustainable impact on a critical global health issue," said WHI
CEO Dr. Tralance Addy. "This investment by Dow enables us to develop the
capacity to move more rapidly to reach more people in areas that have been
historically difficult to serve. We welcome the opportunity for strategic
partnership with Dow in this area."
"The relationship between Dow and WaterHealth International brings
value to both companies on a number of fronts," said Jim Plonka, Vice
President of Venture Capital at Dow. "WHI is a company that offers
practical and sustainable solutions to a very real human problem: 1.2
billion people with no ready access to safe drinking water. It is a company
with tremendous opportunity for growth - in parts of the world where Dow is
also looking to grow. And it is a company whose success story we can help
to write, by leveraging the expertise of the Dow Water Solutions business
to support WHI as it pursues new opportunities and new markets."
WaterHealth International, Inc. provides innovative business solutions
to one of the worlds most desperate health crises, the lack of safe, clean
and affordable water for the billions of people who have little or no
access to it. WHIs award-winning water purification and disinfection
technology, combined with creative and unique business approaches, enable
the delivery of highly affordable, clean water to even the most remote and
underserved communities. WHI invests in health and hygiene education
programs as part of its normal business practices to combat waterborne
diseases in the communities it serves. WHIs website is
http://www.waterhealth.com .
Dow is a diversified chemical company that harnesses the power of
science and technology to improve living daily. The Company offers a broad
range of innovative products and services to customers in more than 175
countries, helping them to provide everything from fresh water, food and
pharmaceuticals to paints, packaging and personal care products. Built on a
commitment to its principles of sustainability, Dow has annual sales of
US$46 billion and employs 42,000 people worldwide. More information about
Dow can be found at http://www.dow.com .
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