New Asia Investments invests in breakthrough water projects
- Bringing Affordable, Clean and Safe Water to the Southeast Asia region based on a new model of de-centralized water treatment plants
- First cutting-edge technology water plant launched in Vietnam on May 10th, 2013
Singapore – May 13, 2013 – New Asia Investments closed a first round investment in De.mem Pte Ltd, a Singapore based spin-off company from Singapore’s Nanyang Technological University (NTU). At the same time, it finances GD Wasser, a joint venture company based in Singapore and Vietnam, through a loan facility.
De.mem is a provider of de-centralized water treatment installations, with unique know-how to design, build, monitor and operate such projects, even over large geographical distances. The company leverages on superior Singapore-developed membrane technologies, such as Reverse Osmosis or Ultrafiltration, as an advantage to deliver better yet cheaper water for the industries of the Southeast Asia region.
GD Wasser is a joint venture which targets in particular the Vietnamese water market, aiming to construct up to five new water treatment plants this year in the local market. The first overseas high-tech remote-monitored water treatment plant was launched on May 10th, 2013 near Ho Chi Minh City.
During his new plant inauguration speech, Andreas Kroell, Partner, New Asia Investments,emphasized: “Our investment in De.mem and GD Wasser meet a strong market need for modern, but cost-efficient de-centralized water treatment technologies in Southeast Asia. Our new portfolio companies offer cost-effective solutions for emerging countries such as Vietnam, which reduce cost for both companies and communities, while supplying water of better quality. The synergies from the know-how of our already existing portfolio company MINT and the leading expertise of NTUprovide an excellent basis for further expansion.”
“2013 has been declared as the UN International Year of Water Cooperation by the United Nations General Assembly. Our company recognizes that cooperation is essential and targets to bring key stakeholders together in resolving the water issue throughout the Southeast Asia region. Countries such as Vietnam, Indonesia or the Philippines require modern water treatment technologies to serve their growing population and industry’s needs. We have developed the cutting-edge technology to help these countries address their water-related challenges in a cost-effective, sustainable manner”, Andreas Kroell concluded.
About New Asia Investments
New Asia Investments Pte Ltd was established in Singapore in 2012 with the goal to explore the growth markets of Asia, with a focus on med tech, clean tech (water and energy) and industrial innovations. Via its predecessor companies, it has been active in Singapore since 2008. As a venture capital investment company, New Asia Investments invests in young, up-and-coming technology companies which are approaching market launch or have innovative products already on the market. In Singapore, it invests as a partner of Singapore government via a separate side fund. New Asia Investments is led by an experienced management team while its shareholders include a number of strategic investors based in Asia, which support the company’s expansion actively through their network and experience.
New Asia Investments holds 10% in De.Mem. The investment is made via New Asia Investment’s Singapore fund, in which Singapore government is a co-investor via the National Research Foundation. Since 2009, the 22 million SGD fund, managed from New Asia Investments, has invested in five companies all headquartered in Singapore.
As for GD Wasser, New Asia Investments provides a loan facility to fund the initial water treatment plant projects. It also receives a 30% share in GD Wasser’s equity.
For more information on New Asia Investments: www newasiainvestments.com
About MINT Membrane Instruments and Technology Pte Ltd
(“MINT”) is a Singapore based company founded in January 2009 as a spin off from Nanyang Technological University (NTU), Singapore’s leading technical university. It aims to be a technology leader in membrane process optimization through its value-added advisory services, and implementation of a suite of proprietary sensing, computing, and actuating system in membrane plants. MINT is the first specialist company of its kind to support the multi-billion dollar membrane industry. MINT is leveraging a range of innovative sensor products to control and monitor the efficiency and operations of water treatment plants. This enables the operators of such plants to prevent expensive unforeseen shut downs and optimize servicing of the plants, resulting in significant cost savings. Lead product currently on the market is the Membrane Integrity Sensor (“MIS”), which monitors the functionality of membranes in water plants by measuring water quality.
For more information on Mint: www.mintmembranes.com
De.mem Pte Ltd is a Singapore based company that designs, builds and operates decentralized water treatment facilities targeting throughout South East Asian markets. Backed by Nanyang Technological University (NTU) in Singapore, as well as the Singapore Membrane Technology Centre (SMTC), De.mem is able to deploy an extensive range of high-technological solutions to meet different and challenging water conditions. Before any design schematics can be done up, De.mem carries out an in-depth study of the actual site, water quality of raw feed water and demographic. This enables De.mem to produce the highest quality of potable water and most cost effective treatment plants that are in line with international standards. De.mem is also in charge of the installation of advanced water quality and instrumentation systems that have been developed by her mother company Membrane Instruments and Technology Pte Ltd (MINT) Singapore, in newly built and operational water treatment plants. With these systems in place, De.mem is able to monitor a cluster of plants real time and on-going, enabling optimization of energy usage for each individual plant from a central location.
For more information on De.mem: www.demembranes.com
About GD Wasser
GD Wasser is a joint venture between three companies: New Asia Investments Pte Ltd (30%), De.mem Pte Ltd (40%) and Glacier SG Pte Ltd (30%). GD Wasser operates mainly on a Build-Own-Operate (BOO) model for providing clean water to its municipal and industrial clients. This means that the company finances, designs, builds and operates decentralized water treatment plants. By taking charge of the entire process, GD Wasser keeps the cost per unit volume of water produced affordable for its clients. Focused on the emerging market of Vietnam, GD Wasser intends to have 15 to 20 plants operational within the next two years.GD Wasser is based in both Singapore and Ho Chi Minh City, Vietnam.
For more information on GD Wasser: www.gdwasser.com
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