BRISTOL, Va., Jan. 11, 2022 (GLOBE NEWSWIRE) – Micronic Technologies, the first company to bring patented enhanced tornado purification technology to the industrial wastewater industry, today announced that Brian V. Iversen of Cimbria Capital s ‘is attached to Counselor. He will serve as a direct advisor to Micronic’s board of directors and management team on matters of funding, organizational structure and go-to-market strategies. Mr. Iversen will work closely with Micronic CEO and Co-Founder Karen Sorber, who brings more than 35 years of experience building and leading private and federal organizations.
“The addition of Mr. Iversen to the team signifies the development of a strategic relationship between Cimbria and Micronic to seize the growing market opportunities for the evolution of industrial wastewater treatment technologies,” said Karen Sorber, CEO of Micronic. “His reputation as a seasoned investor with a strong ability to perceive market trends and provide sound advice to businesses is essential to the business as we grow. We are particularly honored that Cimbria is partnering with Micronic to achieve our growth.
Micronic’s patented water purification technology – developed in collaboration with partners such as the US Navy, USDA, EPA, and the Commonwealth of Virginia – results in an almost total reduction in sewage contamination and achieves near zero liquid discharge (ZLD) affordably, effectively and efficiently for targeted markets. Micronic is the recipient of several awards and honors and was recently selected as the Greater Washington’s 2021 Clean Tech Innovator of the Year. Micronic is now focused on commercializing its technology for the ZLD industrial wastewater market as water resources shrink and regulatory pressures intensify.
“Unwavering in her leadership, Ms. Sorber has made Micronic a company with transformative technology positioned to take advantage of strict regulations, excess demand and strong industrial markets,” said Brian V. Iversen, Managing Partner by Cimbria Capital. “I am delighted to support Ms. Sorber’s team on how to grow Micronic and gain powerful customers in profitable segments such as food & beverage, petrochemicals, energy and pharmaceuticals.
The purification and reuse of industrial wastewater is more important than ever as US regulators, infrastructure planners, investors and customers pressure companies to manage natural resources in a sustainable manner. Companies using this technological innovation in water purification will benefit economically from this trend.
About Micronic Technologies:
Micronic Technologies is a woman who co-founded and led a water technology start-up that markets a patented wastewater concentration technology, the Tornadic One-Pass ™ (TOP ™). The company specializes in the treatment of industrial wastewater with very high dissolved solids (TDS) content for customers requiring innovation close to liquid discharges (ZLD) and water reuse. Micronic is headquartered in Bristol, Virginia.
About Cimbria Capital:
Cimbria Capital is a private equity firm making water-saving growth capital buyout investments in North America and the Nordic countries. Cimbria allocates capital to visionary companies and supports these companies with operational expertise through its value-added acceleration program. Cimbria is headquartered in Houston, Texas; Milwaukee, Wisconsin; and Denmark.
To learn more about Micronic Technologies, please contact [email protected]
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