STILLWATER, Okla., July 25 -- Oklahoma State University issued the following news release:
Cowboy Technologies, LLC has announced a successful first round of investment funding that will make arsenic removal technology available for real-world applications. The university-owned, for-profit company successfully closed on $1.1 million of A-round investment funding for Associated Material Processing, LLC (AMP) on June 28.
Cowboy Technologies (CT) collaborated with Dr. Allen Apblett, professor of chemistry at Oklahoma State University, to advance his innovation from the laboratory into AMP's current business model. AMP has developed proprietary arsenic adsorption products, including AMP 25 -for semiconductor industry application and AMP 35 -for drinking water treatment. CT, along with early seed funding from i2E, Inc., then launched the company by providing initial investments and resources.
"I thank all the people who supported AMP through this process and especially the CT Board of Directors" said Steve Wood, CEO of Cowboy Technologies.
This A-round investment was led by OK Seed Step Angels, a group managed by i2E, Inc., along with other participants including Cowboy Technology Angels, Cowboy Technologies, LLC and other alumni providing angel funding. These investments will be utilized to increase production and marketing efforts of this novel, highly efficient arsenic removal media.
"We consider this investment round to be critical in moving our arsenic removal technology from a chemistry laboratory at OSU into the real, commercial world," said Dr. David Waits, AMP's chief executive officer.
AMP is also pursuing other market applications for its high performance chemicals. To learn more about AMP-25, or to receive a sample, please view the company's website at www.ampchem.com or contact the company at firstname.lastname@example.org.
About Associated Material Processing, LLC: Associated Material Processing, LLC (AMP) is a chemical technology company with innovative solutions to remediate hazardous and unwanted chemicals. Dr. Allen Apblett, professor of chemistry at Oklahoma State University, invented the platform technology. AMP's products have unprecedented capacity to remove arsenic III & V from water systems and are easy to dispose
About Cowboy Technologies, LLC: Cowboy Technologies, LLC was organized in 2011 as a for-profit, limited-liability company with a mission to be a catalyst for commercializing university inventions. The company goals run parallel with Oklahoma State University's land grant mission of taking University research from "CAMPUS TO COMMUNITY". For more information, visit www.cowboytechllc.com.
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