SAS Investors Announces the Sale of HydroGlobe Inc.

Graver Technologies Acquires SAS Investors-funded HydroGlobe

21-Jan-2005

SAS Investors announced the acquisition of one of its portfolio companies HydroGlobe by Graver Technologies, a subsidiary of Marmon Group of Companies. This exit opportunity for SAS Investors improves market prospects for HydroGlobe's technology while also creating positive returns for all shareholders. Specific terms of the all-cash transaction are undisclosed at this time.

HydroGlobe, which provides solutions to remove Arsenic and other heavy metals from drinking water, raised $1.1 million Series A funding from SAS Investors, NPDC and angel investors in September 2003. Research scientists at Stevens Institute of Technology's Center for Environmental Engineering initially developed the company's exclusively licensed technology.

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