A Stillwater-based company that is marketing a process that can remove poisons from water received a $250,000 investment from a group of local investors.
Associated Material Processing LLC is marketing a process that uses a chemical polymer that absorbs arsenic and phosphate that can be used to remove arsenic from waste streams of semiconductor manufacturers and other industrial runoff, as well as drinking water sources.
I2E Inc., through the Oklahoma Seed Capital Fund, made a $125,000 investment in Association Material Processing. Co-investors included OSU Cowboy Technologies and an individual from i2E's SeedStep Angels group.
The Oklahoma Seed Capital Fund is a state-appropriated investment fund that provides concept, seed and startup equity investments to the state's high-growth advanced technology businesses. It is managed by i2E through a collaboration with the Oklahoma Center for the Advancement of Science and Technology. The fund investment encourages more rapid growth in terms of revenues, employment and increased private co-investment capital.
Associated Material Processing, founded in 2011, is working to commercialize a chemical polymer developed in the laboratory of Oklahoma State University chemistry professor Allen Apblett.