Porifera Selected For Proposed Awards Totaling $5.7M By The California Energy Commission

Proposed awards will help Porifera run pilot demonstrations of its advanced forward osmosis water treatment systems throughout the State

Hayward, CA /PRNewswire/ - Porifera, Inc. a Bay Area startup focused on developing advanced systems for water treatment, announced today that it was recommended by the California Energy Commission (CEC), for proposed awards totaling $5.7M. The proposed awards are for pilot demonstration testing with a variety of customers in California's industrial, agricultural and water sectors.

The first demonstration project, titled "Water and Energy Savings Utilizing Innovative Forward Osmosis Systems for Irrigation and Wastewater Reuse" has been selected for a proposed award of $3.2M. This project will pilot Porifera's novel PFO Recycler system. The PFO Recycler is an energy efficient hybrid Forward Osmosis + Reverse Osmosis system that generates purified water streams for reuse as process water or for irrigation.

The second demonstration project, titled "Water and Energy Savings through Osmotic Concentration of Products and Waste in Food and Beverage Industry" has been selected for a proposed award of $2.5M. This project will pilot Porifera's PFO Concentrator System. The PFO Concentrator is based on Porifera's proprietary PFO+ROX technology and is an energy efficient, low cost way to match the performance of an evaporator while generating purified water streams for high purity reuse.

Porifera CEO Olgica Bakajin says, "The awards enable us to demonstrate the technology in key markets while we negotiate additional funding with investors who have been contacting us. In light of the on-going drought, we are grateful that the CEC recognizes the importance of this type of work."

Porifera's proposals were selected by the Commission from a field of 49 candidate proposals. Of the 49 proposals, eight were selected for proposed funding, for a total award funding level of $27M. Porifera was the only entity selected for more than one award. More information about the CEC's proposed award for this program (PON-14-304) can be found at the Energy Commission website: www.energy.ca.gov/contracts

About Porifera
Porifera is a San Francisco Bay Area startup, based in Hayward, California. Porifera has pioneered development of forward osmosis membranes and systems for water treatment. Porifera has successfully executed projects for the Department of Energy, the Department of Defense, the National Science Foundation, and NASA to demonstrate, design water treatment systems that are low-fouling and energy efficient. These systems are now being built and sold to customers worldwide.