Economic Experimentation
Wilmington Trust's Meghan Shue talks macro economic and investment strategy trends in today's current climate
Ovation Products Corp. of Nashua, maker of an innovative water purification system, has received $7 1/2 million in funding from Andlinger & Company.
Working more like an air conditioner than a tea kettle, Ovation’s clean-water appliance is packed into a unit the size of a fire hydrant and weighs about 120 pounds. Wastewater flows into the system and is boiled to a steam through a series of heat exchangers. The steam is then compressed and collected. The result is extremely pure drinking water and a system that is as efficient as the water is safe, said Bill Zebuhr, founder and chief executive officer of Ovation, in a 2004 interview with New Hampshire Business Review.
Bill Lockwood, spokesperson for Ovation, said, “It’s been a long time working towards funding. We now have the money to get the product into the field. Andlinger is a great company and has been a pleasure to work with.”
Ovation is building multiple units to test in the field and expects to use the funding for the trials and early production.
Andlinger & Company is based in Tarrytown, N.Y. — CINDY KIBBE