NEWS RELEASE SARNIA, ONT – Bioindustrial Innovation Canada (BIC) recently led and has closed an investment through the Centre for Commercialization of Sustainable Chemistry Innovation (COMM SCI) in the Series A round for Greyter Water Systems. In 2016, BIC established COMM SCI, which acts as a hub for the commercialization of sustainable chemistry and bio-based innovation. Bio-based start-ups and sustainable chemistry companies can participate in this program to remove barriers to commercialization and investments.
Greyter Water Systems is an Ontario-based company that has developed innovative water reuse technology that creates water-efficient buildings and homes. The company’s Greyter HOME solution is an award-winning, compact, fully automated water recycling system that can help reduce indoor water consumption by as much as 25 percent in a family home. The system captures water from showers and bathtubs, treats it to near-potable quality and provides clean, odour-free water to meet a home’s toilet flushing demands. The Greyter HOME is one of the greatest water conservation solutions for new home construction and the only practical NSF 350-certified solution available on the market today. Many municipalities are recognizing the benefits of residential water recycling to conserve regional water supplies and create water-efficient communities, especially in areas where growth is constrained by limited water resources.
In late 2017, Greyter Water Systems closed a $1.1 million seed round investment also led by BIC.
“Greyter Water Systems has developed a novel approach to water conservation for the home and commercial markets with an enormous potential to conserve precious water resources both in Canada and the U.S.,” says Wayne Maddever, BIC Portfolio Manager. “With a strong management team and excellent technology, Greyter represents the type of investment that excites us here at Bioindustrial Innovation Canada.”
“Bioindustrial Innovation Canada has been an outstanding supporter of Greyter, not only as an investor but as an advisor,” says Mark Sales, Chief Executive Officer of Greyer Water Systems. “We look forward to a long and successful relationship with BIC as we grow our markets.”
For more information, please contact:
Wayne Maddever,
Portfolio Manager
Tel: 226.778.0020 ext. 248
Email: waynem@bincanada.ca
About Greyter Water Systems:
Greyter Water Systems offers industry-proven out-of-the-box water reuse management solutions that reduce the water and wastewater demands of commercial and residential buildings. By capturing greywater and other sources such as rainwater, Greyter Water Systems’ line of out-of-the-box water solutions can supply all of the water for a building’s toilet flushing, irrigation and other uses. Greyter Water Systems is a privately held business led by a team with many years of experience in offering innovative water resource management solutions to the commercial/industrial and residential marketplaces.
For more information visit: https://greyter.com/
About Bioindustrial Innovation Canada:
Bioindustrial Innovation Canada (BIC) is a nationally focused not-for-profit organization based in Sarnia-Lambton, Ontario. The Centre for Commercialization of Sustainable Chemistry Innovation (COMM SCI) acts as a hub for the commercialization of sustainable chemistry and bio-based innovation, providing businesses and technical support to participating small and medium-sized enterprises in southern Ontario. COMM SCI was established with support from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) and additional support from the Ontario Ministry of Economic Development, Job Creation and Trade. BIC creates jobs and economic value sustainably for Canada. We provide critical strategic investment, advice and services to business developers of clean, green and sustainable technologies. Our expertise in commercialization builds a stronger Canada.
For more information, visit: www.bincanada.ca
