|[April 25, 2014]
American Water and Abengoa Sign Worldwide Licensing Agreement for NPXpress Technology
VOORHEES, N.J. --(Business Wire)--
Water (NYSE: AWK), the nation's largest publicly traded water and
wastewater utility company, and Abengoa,
an international company that applies innovative technology solutions
for sustainability in the energy and environment sectors, today signed a
worldwide licensing agreement for American Water's patented NPXpress
technology. The agreement will enable Abengoa to use NPXpress to achieve
wastewater treatment and nutrient removal in a sustainable way. American
Water will retain all rights with respect to its NPXpress technology.
The NPXpress technology helps wastewater utilities, which are facing
both increasing operating costs and more stringent environmental
regulations, to reduce costs while improving the removal of nitrogen and
phosphorus. Because the technology operates at lower oxygen levels,
electricity consumption for aeration can be reduced by up to 50 percent.
In addition, the process can eliminate the need for costly chemical
addition (methanol) by up to 80 to 100 percent. This process provides a
more affordable and sustainable way of treating sewage. NPXpress is
patent-protected in 15 countries and the EU.
"This agreement is a perfect example of innovation and collaboration
that helps address challenges in the water industry," said Jeff Sterba,
President and CEO, American Water. "The NPXpress technology has
deonstrated promising capabilities and we are excited that others in
the industry will benefit from this innovative approach."
"With our continuous commitment to provide cutting-edge solutions to our
global clients, this agreement will allows us to provide technology
driven at a lower energy footprint," said Carlos Cosin, CEO of Abengoa
Water. "Our next generation of Membrane BioReactor ("MBR") plants will
be more energy efficient thanks to this global partnership."
This is the first time American Water has licensed an internally
generated technology achieved through its Innovation
Development Process (IDP). American Water's IDP program fills a
vital need to seek innovative, cost effective, and sustainable solutions
that can benefit all water utilities. It combines research and
development, technical expertise, and infrastructure assets with
innovations from both within American Water and from external business
partners to create greater
efficiencies in the areas of drinking water and wastewater. The IDP
provides a conduit for innovators to allow their technologies to be
evaluated and to accelerate the adoption and market penetration of
products or services that help solve pressing needs within the water
About American Water
Founded in 1886, American Water is the largest publicly traded U.S.
water and wastewater utility company. With headquarters in Voorhees,
N.J., the company employs approximately 6,600 dedicated professionals
who provide drinking water, wastewater and other related services to an
estimated 14 million people in more than 40 states and parts of Canada.
More information can be found at www.amwater.com.
Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB) applies innovative technology
solutions for sustainability in the energy and environment sectors,
generating electricity from renewable resources, converting biomass into
biofuels and producing drinking water from sea water. (www.abengoa.com)
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