Altela's Patented Water Desalination Technology Acquires Global License

Tempe, AZ — Arizona Technology Enterprises LLC (AzTE) announced today that Altela Inc., a desalination product and service company, has acquired the worldwide exclusive rights to unique low-cost water purification technology developed at Arizona State University (ASU). Under the terms of the transaction, Altela acquired the exclusive worldwide license for the core intellectual property relating to the "dewvaporation" water desalination technology through AzTE, ASU's technology commercialization company. Altela will continue to develop and commercialize this newly patented desalination technology and incorporate it into its AltelaRain™ water desalination systems. The exclusive license is based on technology initially developed by ASU professor, Dr. James Beckman.

This unique water purification technology removes 100 percent of the dissolved salts and other contaminants from industrial waste waters and undrinkable brackish waters found throughout the world - representing the first new low-cost water desalination technology in the last 50 years. "We are delighted to continue and expand upon our already-existing good relationship with ASU, AzTE, and Prof. Beckman," said Altela's CEO Ned Godshall, "and this exclusive license will now accelerate our plans to commercialize this exciting and elegant technology for all water desal applications." According to Peter Slate, CEO of AzTE, "This important technology has far-reaching applications in both developed and developing markets throughout the world. We feel that the Altela team has the breadth of knowledge and creativity to take advantage of all of these opportunities." Michael Crow, President of Arizona State University, added that "this ASU dewvaporation platform is one that we view as disruptive to current water purification processes. It will also provide a low-cost option to purify water in regions where identifying sources of fresh water is challenging."

SOURCE: Arizona Technology Enterprises