Norwegian Group Katapult Ocean Invests in ecoSPEARS Environmental Startup With NASA Clean Water Technology
94% of U.S. rivers sampled by the U.S. EPA contained Polychlorinated Biphenyls (PCBs) and other Persistent Organic Pollutants (POPs). ecoSPEARS is a cleantech company with NASA-developed green remediation technology that extracts and destroys toxins from land waterways - forever. ecoSPEARS was selected for investment from Norweigen sustainable ocean fund and accelerator Katapult Ocean.
ORLANDO, Fla., Oct. 14, 2020 /PRNewswire/ -- ecoSPEARS understands that toxins are polluting land and waterways. When these contaminants remain in the environment, they can cause congenital disorders and diseases to animals and people.ecoSPEARS develops climate-friendly technology solutions to remove the toxins from the environment, so everyone has access to clean water, clean food, and clean air.
In the selection process, Katapult Ocean screened and interviewed a pipeline with more than 1,500 startups. Since 2018, Katapult Ocean has made 32 investments in exciting ocean impact companies from all over the world (17 countries and four continents). "Few options exist when it comes to eliminating persistent and emerging contaminants in soil, sediment, and oil - a problem which has grown with industry globally. ecoSPEARS is well-positioned to become the benchmark cleantech company for green remediation," said Jonas Skattum Svegaarden, CEO of Katapult Ocean.
ecoSPEARS imagines a world where every human being has access to clean water, clean food, and clean air. ecoSPEARS realizes that partnerships will be vital to achieving their ambitious vision. "We are thrilled to be selected into Katapult Ocean Wave 3 and the Norwegian startup community. Now, more than ever, we must restore the health of the world's waters to protect people, wildlife, and the environment. Our partnership with Katapult Ocean will help us scale our remediation technologies to Europe and beyond," said Sergie Albino, CEO and co-founder of ecoSPEARS.
Unlike unsustainable landfilling and incineration methods, ecoSPEARS eliminates toxins in an eco-friendly and cost-effective approach. ecoSPEARS extracts and destroys Polychlorinated biphenyls (PCBs), dioxins, and other Persistent Organic Pollutants (POPs) utilizing non-thermal technology. Its solutions reduce CO2 emissions by up to 75%, uses virtually no water, and minimizes the creation of harmful byproducts compared to alternative methods. The technologies are being developed as scalable and modular systems and are currently advancing to on-site pilot deployment.
"PCBs and dioxins are cancer-causing toxins impacting hundreds of millions of people worldwide. According to the United Nations, 90 years later, PCBs are still the most widespread contaminant globally. We know that we are taking on a massive undertaking, but our team is bold and more than capable. Plus, everyone loves a good underdog story," said Ian Doromal, EVP and co-founder.
About ecoSPEARS
ecoSPEARS is a cleantech solutions company ushering in the carbonless future of environmental cleanup. ecoSPEARS has designed and developed green and sustainable remediation technologies to extract and destroy PCBs, dioxins, and other Persistent Organic Pollutants (POPs) from the environment - forever.
Contact details for ecoSPEARS: Gagan Cambow, Marketing Coordinator, [email protected] | (407)792-3400
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