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Company to Expand Global Sales and Marketing of Clean Solutions for Food and Water
Livermore, Calif. – Dec. 20, 2007 - Purfresh, formerly known as Novazone, Inc., a leading provider of clean solutions for food and water, today announced that it has raised a $25 million Series C financing round, including a new lead investment by Chilton Investment Company along with existing investors Foundation Capital, Grauer Capital and Chrysalix Energy and one additional strategic investor to be named.
“Over the last several years we have seen a dramatic increase in awareness of food and water safety along with a desire to reduce the use of traditional, harmful chemicals,” said Purfresh President and CEO David Cope. “We see these trends accelerating globally, creating both a tremendous need and opportunity for companies such as Purfresh to provide an array of clean technology solutions for the food and water markets. We are looking forward to leveraging our foundation of more than 300 customers and working with Chilton, existing investors and board members to grow our global distribution and take Purfresh to its next level.”
Chilton Investment Company is a leading Stamford, Connecticut-based alternative asset manager with $7 billion under management. “A safe supply of fresh water and untainted food is critical to people everywhere – food- and water-borne illnesses and chemical contaminants don’t discriminate,” said Scott Galletti, Managing Director of Chilton Investment Company. “We believe Purfresh has established its leadership as a developer of clean, chemical-free solutions for these large and critical industries, and we’re excited for their prospects.”
Purfresh’s line of clean solutions protects and enhances the quality of food and water through every step in the supply chain. Its chemical-free, ozone-based family of products is FDA, EPA and USDA approved to kill water and food-borne pathogens, including E. coli and salmonella. The company’s new web-based informatics system, Intellipur, works with all the Purfresh ozone-based products to reduce decay, slow ripening and enhance food and water safety in storage, transit and wet disinfection applications. Purfresh has also extended its clean solution offerings from post-harvest to pre-harvest, providing sunshield products that increase crop yields and improves the utilization of water. Other Purfresh products are used to disinfect water for beverage suppliers as well as personal care and pharmaceutical applications.
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