Five years into existence, Renix is finding value in fluids.
Spun off from research at Western with a $650 thousand seed investment, the company’s core technology, UIX – uninterrupted ion exchange – remains the world’s only steady-state ion exchange process for purifying valuable materials and decontaminating waste streams. The technology provides companies with cost savings and other operating benefits over traditional ion exchange as it removes dissolved compounds from process fluids and during water purification.
Over its first three years, Renix scaled-up, industrialized and pilot tested the lab-based concept for UIX with industrial partners and clients in a variety of industries, including food and beverage, mining and industrial water treatment. In May 2015, the company shipped its first automated commercial demonstration unit to a client in Europe, where it will be deployed for live production in a large ingredient manufacturing facility.
The company is currently expanding investment and business development opportunities in key market segments, and was awarded an Embedded Executive through the MaRS Business Acceleration Program this year.Read more