Basin Water Granted Two Important Patents
July 27 2006 - 8:00AM
Business Wire
Basin Water Inc. (Nasdaq:BWTR) reported today that it recently had
been granted two important patents related to its core business of
treating contaminated drinking water supplies. The first patent,
Patent No. 7,041,223, issued by the U.S. Patent and Trademark
Office, concerns the removal of perchlorate from drinking water
using a high-efficiency ion exchange process. This comprehensive
patent covers 25 claims ranging from equipment design to process
flow. Basin Water utilizes this technology in several of its
systems currently in operation. This technology has the advantage
of being able to remove both perchlorate and nitrate simultaneously
with minimal adjustment. Nitrate contamination frequently occurs in
conjunction with perchlorate contamination. The president and chief
executive officer of Basin Water, Peter Jensen, said: "Nitrate and
perchlorate contamination is a serious problem in several areas of
the country. The water quality of our groundwater is degrading at
an alarming rate, threatening the reliability of our drinking water
supplies. We expect this new patent to protect the value of our
technology as demand for our services and systems increases." The
second patent, Patent No. 1567455, was granted by the European
Patent Office and is titled "Biodegradation of oxyanions such as
perchlorate in ion exchange resins." The patent covers 35 claims
relating to regeneration of spent ion exchange resins using a novel
technique developed by scientists at Basin Water. Most perchlorate
removal systems employ single-use ion exchange resins. In these
systems, once the resin is loaded with perchlorate, it can no
longer be used, requires special handling for disposal and is then
replaced with new resin. Basin Water's technology causes biological
degradation of the perchlorate contained in the resins, allowing
for the treated resins to be reused multiple times with no loss of
capacity. The use of this technology should result in a significant
reduction in disposal and resin costs. Jensen commented: "We are
very excited to be granted a European patent for this technology.
The patent granted is broad, allowing for many potential
applications in drinking water, industrial and wastewater
treatment. Basin Water is presently implementing this technology on
a commercial scale and expects it to have both domestic and
worldwide applications." About Basin Water Basin Water Inc.
designs, builds and implements systems for the treatment of
contaminated groundwater, providing reliable sources of drinking
water for many communities. Basin Water has developed a
proprietary, scalable ion-exchange wellhead treatment system that
reduces groundwater contamination levels in an efficient, flexible
and cost-effective manner. Additional information may be found on
the company's Web site: www.basinwater.com. Forward-Looking
Statements This press release contains "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements, including expectations relating to
future revenues and income, the company's ability to gain new
business and control costs, involve risks and uncertainties, as
well as assumptions that, if they prove incorrect or never
materialize, could cause the results of the company to differ
materially from those expressed or implied by such forward-looking
statements. Actual results may differ materially from these
expectations due to various risks and uncertainties, including: the
company's limited operating history, significant fluctuations in
its revenues from period to period, its ability to effectively
manage its growth, the success of the company's strategic partners,
its long sales cycles, market acceptance of its technology, the
geographic concentration of its operations and customers, its
ability to meet customer demands and compete technologically, the
company's ability to protect its intellectual property, regulatory
approvals of the company's systems, changes in governmental
regulation that may affect the water industry, particularly with
respect to environmental laws and the company's ability to manage
its capital to meet future liquidity needs. More detailed
information about these risks and uncertainties are contained in
the company's filings with the Securities and Exchange Commission,
including the company's Registration Statement on Form S-1 filed on
May 10, 2006, and Quarterly Report for the quarter ended March 31,
2006, on Form 10-Q. The company assumes no obligation to update
these forward-looking statements to reflect any change in future
events.
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