EDC invests $10M into manufacturer of wastewater technology
APG-Neuros' high-speed wastewater turbo blowers reduce energy consumption.
OTTAWA — Export Development Canada (EDC) is investing $10 million in APG-Neuros as part of its commitment to help Canadian cleantech companies scale-up and export.
The Blainville, Que. manufacturer of wastwater technology is updating its high-efficiency turbo blower technology
“EDC has been working with APG-Neuros for 10 years, supporting their rapid growth and ability to perform in the international space,” said Eugene Siklos, EDC’s vice-president of investments.
Currently, 75% of a typical wastewater treatment budget goes toward energy use. APG-Neuros’ technology reduces energy consumption by up to 40%. The technology is currently used in various municipal and industrial wastewater treatment facilities in Canada and around the world.
The $10 million investment will allow the company to finish the research and development phase on two new turbo blower products that will further reduce energy consumption.
APG-Neuros turbo blowers are used in a variety of industrial applications and wastewater treatment processes, with over 1,300 units installed worldwide.
EDC is a financial Crown corporation that helps Canadian companies grow their export businesses.