Following the successful sale of MembranePRO Services in November and the establishment of PolyCera® membrane products as a subsidiary called PolyCera Membranes in February, Water Planet has now spun out IntelliFlux® Controls as a separate operating company.
Water Planet’s co-founder and former CTO, Dr Subir Bhattacharjee, now leads IntelliFlux as its CEO following receipt of the initial tranche of a US$3 million Series A financing round that was invested directly into the new operating company.
“The new funding gives IntelliFlux Controls the financial resources it needs to execute on a clear and focused business plan,” said Eric Hoek, Water Planet co-founder and CEO. “While it is a separate operating entity, IntelliFlux Controls remains a Water Planet company, like the PolyCera Membranes business.”
In recognition of its success and breakthrough technology, IntelliFlux Controls was chosen from an elite global field of more than 200 applicants from 36 countries to join Imagine H2O’s 9th annual accelerator programme. An independent panel of industry experts and investors chose the participants for this year’s programme based on their considerable commercial promise and their impact potential on the 2018 challenge areas: Scarcity and resilience; water efficiency; utility operations; monitoring and treatment; as well as data and analytics. IntelliFlux and other participants were honoured at Imagine H2O’s WaterGala ’18 on the 14th of March in San Francisco, United States (U.S.).
“The IntelliFlux self-adaptive flux enhancement and recovery control technology is widely recognised as one of the first applications of artificial intelligence in an active, real-time control of water treatment membrane processes,” Dr Bhattacharjee added. “It is now proven to lower operating cost and energy demand, while maximising process uptime, recovery and useful membrane life. We are excited about the future of the IntelliFlux Controls business since it is now being embraced by the marketplace.”