Acuva Technologies announced the closing of a US$5.4 million growth financing with a syndicate of existing and new investors to deliver the Company's innovative drinking water purification systems to global consumers.

The proceeds of the financing will be used to meet the rapidly growing demand for Acuva's proprietary products in global markets and to fund the growth of the Company's teams both in Canada and abroad.

Acuva has established global leadership is UV-LED disinfection technology and secured partnerships with several major international Original Equipment Manufacturers (OEMs) to commercialize its Strike series of products encompassing proprietary IntenseBeamTM technology.

(Image: Acuva)

Acuva's proprietary IntenseBeamTM technology, developed in partnership with the University of British Columbia, combines the proven performance of UV disinfection with the energy efficiency of LEDs, maximizing available UV power through optical lensing. This purifies drinking water with microbial disinfection rates up to 99.9999% to protect health and safety without adding any chemicals into the water, all without requiring any maintenance or ongoing servicing needs.

Through its Strike platform of customizable UVC-LED drinking water disinfection modules, Acuva is helping to make safe drinking water more accessible around the world.