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Nviro Cleantech Announces Pre-IPO Funding With a Group of Significant Institutional Investors

London – December 19, 2006. – Nviro Cleantech, Plc announced today the closing of the placing of 8,658,328 shares to raise £3.7 million. The proceeds will be used for additional technical development, and staffing in anticipation of a further raise and listing on to AIM in early 2007. Fairfax IS represented Nviro Cleantech in the placing.

We are extremely pleased with the reception we had in the City, commented Chris Every, CEO. We have worked very hard bringing our technologies to commercial fruition, and the savvy investors who know the cleantech space were encouraging in supporting our progress.

About Nviro Cleantech Plc

Nviro Cleantech is focused on commercialising Clean Technologies, in energy, emissions control, waste recycling, and air quality, to benefit the global environment. The company has five near-to-market technologies in the clean coal industry, through pre-combustion Reductive Thermal Processing (RTP^TM) of coal and biomass; the recycling of pristine wood fibre from MDF and particle board; the clean burning ignition of pure carbon powder; and additional technologies in portable air analysis via plasma spectrography; and laser activated air purification.

Nviro seeks out promising, early stage Clean Technologies with global opportunities from University or small boutique start-ups with proven laboratory innovations, and provides the necessary capital, management and technical skills to bring them successfully to market. Nviro In-licenses the technologies and then works with the inventors/founders to develop full scale capability, and then commercialise the technologies.

The organisation provides strategic vision, commercial expertise, industry knowledge, financial and project management support from a proven team, allowing the scientists to focus on the science while Nviro can navigate the path to commercialisation. Overall, Nviro's model de-risks projects, minimises time to market, maximises capital deployment efficiency, and maximises potential return for Nviro's shareholders.

For additional information:

Chris Every, CEO
Nviro Cleantech
11 Charles II Street
London, SW1Y 4QU UK
+44 (0)20 7451 2473
Or
Peter Rugg, DIR
Nviro Cleantech
712 Fifth Av. 19th Fl
New York, NY 10012 USA

 

 

 

 

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