Novinda Receives $6,000,000 Series C Financing Round
Feed Type
Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=383a1eba-fad5-4178-a066-731bd7090c26&Preview=1
Date 2/14/2012
Company Name Novinda
Mailing Address 2000 S. Colorado Blvd. Denver, CO 80222
Company Description Novinda is in the latter stages of commercializing a patent-protected, non-carbon, non-flammable sorbent material for mercury emission control in coal-fired utility boilers. As a non-carbon sorbent, we believe that the Amended Silicates product has significant financial and environmental advantages over carbon-based sorbents, resulting in immediate market demand.
Proceeds Purposes This funding will help accelerate our ability to deliver this unique non-carbon reagent and assist coal-fired utilities in economically complying with state and federal regulations for mercury emission control.