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  1. #1
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    Default FLC FLUENCE was Emc emefcy group

    Reverse merger deal with Savcor raising re$14 million
    Profile


    • Emefcy develops advanced energy efficient wastewater treatment technologies for municipal and industrial plants.
    • Emefcy energy efficient systems are cost competitive relative to conventional alternatives with respect to both capital and operating expenses
    • The Spiral Aerobic Biofilm Reactor (SABRE) is a self respiring, prefabricated modular unit for biological wastewater treatment. It reduces energy consumption as well as sludge production, relative to conventional aerobic processes.
    • The Electrogenic Bioreactor (EBR) uses electricity generating bacteria to treat wastewater, and produces green electricity as a byproduct.

    CEO Eytan Levy and CTO Ronen Shechter founded Emefcy in 2008. They are well known entrepreneurs in their field, having previously founded AqWise. Over the years, they raised $15 million from prominent investors, most of whom are still company shareholders after the current merger: Israel Cleantech Ventures, Plan B Ventures, and GE Ventures, the corporate venture capital arm of General Electric.
    The sewage treatment company will begin its first project in Israel in 2016.

    Israeli technology companies are usually listed on stock exchanges on Wall Street, Tel Aviv, or London. Tomorrow, an Israeli company will join a different stock exchange - in Australia. Caesarea-based Emefcy, which develops technological solutions for sewage treatment, was merged last week into Savcor, an Australian stock exchange shell, accompanied by a financing round, and will become a public company with a market cap of 35 million Australian dollars ($25 million).
    CEO Eytan Levy and CTO Ronen Shechter founded Emefcy in 2008. They are well known entrepreneurs in their field, having previously founded AqWise. Over the years, they raised $15 million from prominent investors, most of whom are still company shareholders after the current merger: Israel Cleantech Ventures, Plan B Ventures, and GE Ventures, the corporate venture capital arm of General Electric.
    Several months ago, a deal with Savcor was agreed, in which the Australian company acquired 100% of Emefcy in a share swap that included a 13.8 million Australian dollar financing round last week. After the deal was completed, the company changed its name to Emefcy. In the initial stage, the original Emefcy shareholders hold 65 million shares in the merged company with a value of 13 million Australian dollars, less than the amount invested in the company to date. At the same time, on the basis of meeting commercial milestones, the value of their holding is likely to grow when they receive more shares. According to Savcor chairman Peter Marks, "The Emefcy shareholders are receiving a position in a company in whose commercial potential they have confidence, and are happy to wait for the arrival of the commercial milestone."
    In a "Globes" interview, Marks talks about the merger of the two companies: "Savcor was a stock exchange shell, and we looked for interested technology companies with which we could merge," he says. "We weren't looking for digital or social media companies; we wanted innovative technologies on a global level. Through introduction and connections, we arrived at Emefcy, and began talking about an acquisition several months ago."
    Advice for the deal was provided by Sapir Capital Group managing partner Baruch Halpert, who represented the acquiring company in Israel.
    "Globes": What did you find in Emefcy?
    Marks: "It has innovative and leading technology in sewage treatment, developed over seven years. It has high-profile investors and experienced entrepreneurs, Eytan Levy and Ronen Shechter, who have already done it at AqWise, and a group of committed and experienced people. This is a great opportunity, and what's also important is that it's not necessary to wait 3-4 years to make the technology commercial: most of the research and development has already been done, and they are current working on the next generations of the products. The financing round we did was designed to help initial sales efforts.
    "The technology works, and there's a strong pipeline of projects. The first project, which was in Israel, will begin in the first quarter of 2016, and we expect additional projects in the Caribbean Islands, the US, Latin America, Australia, and other places, and in the long term, also in China and India. Emefcy's technology is very suitable for regions with little water. It is both innovative and economically worthwhile."
    So why did Emefcy agree to be sold just before its commercial breakthrough?
    "First of all, no existing shareholder is selling. All of them are staying aboard, except for one that cannot invest in companies listed on the Australian stock exchange. They are sticking with us, because they believe in the company's ability."


    Trading in the Emefcy share on the Sydney Stock Exchange began today through the EMC:AU ticker symbol. Trading in the Savcor share has been suspended for the past 18 months in Australia. According to Marks, the reason is Chapter 11 proceedings (protection against creditors) in the US. The company came to an arrangement with its creditors and became a stock exchange shell, at which point Marks entered the picture, acquired the shell, and started looking for companies to acquire.
    According to Marks, he knows of other Israeli companies that want to be listed on the Australian stock exchange. "The Australian stock exchange is like a public venture capital fund, without the existing restrictions applying to an investment by a venture capital fund," he says. "There are many public companies in the early part of their lifespan. In the US, they would raise money from venture capital funds, while in Australia, they turn to the stock exchange and start raising capital relatively early for the purpose of future expansion. For example, the Australian market is very supportive of the offering and of Emefcy as a company with innovative technology."
    Are there other companies on the Australian stock exchange dealing in sewage treatment?
    "No. There are several companies dealing in the environment, but not the same type as Emefcy."
    Do you plan to have Emefcy listed for trading on Wall Street, too?
    "Being listed in Australia is a springboard. In order to get to Nasdaq, you need a much bigger market cap, say $200 million. We certainly hope to achieve that."

    Picked up a package @ 20 5c today. Like the Green sector, Global water quality issues and management and the disruptive tech. Expecting good news flow from hereon but smaller not totally proven, riskier end of spectrum DYOR
    Last edited by Joshuatree; 19-07-2017 at 03:27 PM.

  2. #2
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    Thanks to poster inferno

    Great explanation of how the tech works



    Using conventional microbial fuel-cell technology and its own proprietary engineering, Emefcy harvests energy from wastewater, generating enough to power the entire treatment process. In the treatment of particularly carbon-rich industrial wastewater, the company says, the process produces excess electricity that can be fed back into the grid at a profit.

    In microbial fuel cells, naturally occurring microorganisms oxidize wastewater. An anode and cathode, placed a critical distance apart in the water, create an electrical circuit from the electrons gained from this oxidation.

    Ely Cohen, Emefcy’s vice president of marketing, says the company’s process reduces the total cost of wastewater treatment by 30 to 40 percent by eliminating spending on energy, and also reduces the amount of sludge that must be trucked away afterward by up to 80 percent.

    Traditional wastewater treatment involves forcing air through the water to aerate it. This is also important to the activity of the microbial cells. Emefcy exposes more wastewater to air but without the energy-intensive process of pumping air through water. Instead, the wastewater flows through a “biogenic reactor” made of tubes 1.7 meters in diameter and four meters high. Inside the tubes, water and air flow alongside each other separated by a membrane.

    “The reactor is split into two areas,” says Emefcy CEO Eytan Levy. “In one area there is a lot of wastewater but there is no air. In the other area there is air but no wastewater. These two areas are separated by a membrane wall and both areas are connected to an electrically-conductive surface on which the bacteria grows.”

    The electrons produced by the bacteria flow towards the oxygen in the air through nanowires made of naturally-occurring hair-like projections found on the surface of the microbes. “Under these reactor conditions the bacteria develop the ability to convert these pili to become electrically conductive and it behaves just like a metallic wire,” says Levy.

    The electrodes used are made of a coated plastic, which makes them cheaper, and easier to maintain.

    Each stack can process 10 cubic meters of wastewater a day, and has a planned lifespan of 15 years. Stacks can be added on a modular basis, avoiding the need for a large up-front investment in infrastructure.

  3. #3
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    This from Micheljob , an opinion and description below on another site; more about the membrane and its advantages and point of diff.
    .I see EMC has become one of the most talked about stocks there. That can be a blessing or a sign something is getting ahead of itself and overhyped by traders so caution warranted at the speed of the S/P ascent.

    "As part of my research into my investment I had a friend review and comment on the tech behind EMC. He is currently in his final year of a Ph.D. In microbiology and thought it would be worth sharing his opinions on the process and why it is superior to current waste water practices. "


    "So what I gather is that the advantage in this technology lies in the oxygen permeable membrane. So during the wastewater treatment process microorganisms are used to break down the biodegradable organic compounds. But for them to do this they require a lot of oxygen (Biochemical Oxygen Demand, BOD) to grow and continue to breakdown the organic compounds, otherwise they will just die off or become dormant. Usually this is supplied through pumping air through the wastewater, which accounts for a large portion of the plants energy requirements. This membrane transfers oxygen through diffusion, which just means the oxygen wants to be at the same concentration on both sides of the membrane, and since the microbes are using the oxygen on the water side, the oxygen continues to cross the membrane into the water. This doesn’t require any pumping so therefore it saves on energy costs.The other advantage of the membrane is that immediately on the water side there is an abundance of oxygen as it crosses over. This causes the bacteria to adhere to the membrane where the most oxygen is and form a biofilm. A biofilm is a film that bacteria form which allows for easy transfer of nutrients between cells allowing for maximum growth, therefore once a biofilm occurs the rate of breakdown increases. This biofilm also serves to breakdown nitrogen in the form of ammonia. The degrading of organic compounds causes a build up of ammonia, so to remove ammonia it needs to be converted to nitrate then to nitrogen gas which is released into the atmosphere. The conversion of ammonia to nitrate requires plenty of oxygen which is performed by bacteria closest to the membrane where oxygen concentration is highest while the conversion of nitrate to nitrogen gas is an anaerobic process that is performed by the bacteria furtherest away from the membrane where there is no oxygen present. In a general process where the water is aerated by air pumps there wouldn’t be a lot of space in the water that was completely anaerobic and so the nitrate to nitrogen reaction would be prevented to some extent.So from that, this technology saves money by reducing energy costs as well as provides an efficient system for breaking down waste products."

    "Hopefully this helps some others to understand the benefits of this technology"
    Last edited by Joshuatree; 10-04-2016 at 08:37 AM.

  4. #4
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    Thanks for putting us onto this JT - my small investment is up 150% over the past few weeks

  5. #5
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    Thanks I'm up 131%. Up another 10% or so today to 48c and new big shareholder.

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    Triple bagger @ 62c. This is a bit Nuts!.Plan to take some off the table tomorrow.

    Australian Investor Roadshow Presentation May 2016-EMC.AX

  8. #8
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    Quote Originally Posted by Joshuatree View Post
    Triple bagger @ 62c. This is a bit Nuts!.Plan to take some off the table tomorrow.

    Australian Investor Roadshow Presentation May 2016-EMC.AX
    I'm three cents behind you JT. I will continue to hold all and add if the opportunity presents itself. Would normally have averaged up in the early 30's but took my eye off the ball for a week or so, and the price has never really looked back since.

  9. #9
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    You caused me to rethink Trigger; thanks ;didn't sell any more yet.AGM today and s/p up 12.6% to 67c!. Very sticky tightly held register at this point!!I guess some profit taking will spill a few sometime but at the momen-tum ,who cares with this trend...
    Last edited by Joshuatree; 20-05-2016 at 08:37 AM. Reason: more

  10. #10
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    Quote Originally Posted by Joshuatree View Post
    You caused me to rethink Trigger; thanks ;didn't sell any yet.AGM today and s/p up 12.6% to 67c!. Very sticky tightly held register at this point!!I guess some profit taking will spill a few sometime but at the momen-tum ,who cares with this trend...
    That was a helluva day again yesterday wasn't it. Very positive sentiment coming out of the AGM. The stats around the tight register impress me too - very high % held by top 20.

    Anyway, an announcement regarding their preferred Chinese partner (or partners as I now understand it, as the preference is to divide the geography up) is likely soon. Then some mainland US reference sites would be excellent, though am anticipating this will take quite a bit longer.

    There is also talk of a Nasdaq listing once the SP hits a dollar. TBH that's the sort of thing that makes me very nervous. just think that it can be a double edged sword.

    Lets see what the rest of the month brings. Onward!
    Last edited by Trigger; 20-05-2016 at 07:58 AM.

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