11/8/2011 10:11 AM EST
Contact: Molly Bragg, Media Relations
Office: (210) 651-7402
E-Mail:
FOR IMMEDIATE RELEASE
SAN ANTONIO (November 8, 2011) –VRTX Technologies, a technology company providing chemical-free water treatment for cooling towers and evaporative condensers, has received a strategic investment by Liberation Capital, a private equity fund specializing in project finance for renewable energy, water and wastewater solutions.
The investment from Liberation Capital will enable VRTX to accelerate expansion of its global footprint and research and development, as well as equipment financing for both new and retrofit VRTX Full Service Agreements (FSAs.) The VRTX FSA provides turnkey installation of the VRTX solution to customers with no upfront capital cost, and a low monthly fee over the life of the agreement.
“For 15 years VRTX technology has proven that chemical-free water treatment for cooling towers and chillers is effective, economical and good for the environment. Our Full Service Agreement has been well-received in the marketplace, and we are excited to have the financial capability to deliver a service-based approach to water treatment for the commercial and institutional markets,” saidDavid Nicholas,VRTX TechnologiesCEO. “Liberation Capital’s confidence and investment will supply the capital needed to...