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OKEANOS TECHNOLOGIES AWARDED PHASE II KSTC MATCHING GRANT

Union, KY (December 23, 2013) – Okeanos Technologies announces today that it has been awarded a Phase II Kentucky SBIR-STTR Matching Funds grant by the Kentucky Science and Technology Corporation (KSTC).  The grant will aid Okeanos build its first inventory of ultra-efficient WaterChip™ modules.

“The State of Kentucky and the KSCT have been ideal partners in our growing company from day one, and we are immensely grateful for the faith they have expressed in our growing business”, says Tony Frudakis, CEO of Okeanos Technologies.

About Okeanos Technologies

Okeanos was formed in 2012 to develop and commercialize a next-generation, ultra-efficient desalination technology.  Our solid-state WaterChipTM platform harnesses and redirects the corrosive potential of seawater to separate salts from water with world-record efficiency. Our disruptive/transformative WaterChipTM platform is expected to enable a more distributive water distribution model and simultaneously address a number of profound environmental, economic and human health related problems.  For more information about us please visit our website at www.okeanostech.com.

About KSTC

The Kentucky Science and Engineering Foundation (KSEF) was created under the Kentucky Innovation Act of 2000 to invest in research and development activity to promote innovation, new product development and commercialization, and to build a pipeline of new ideas and technologies that could add value to the scientific and economic growth in the Commonwealth of Kentucky. The Kentucky SBIR/STTR Matching Funds Program provides matching funds for Phase I and II federal grants for Kentucky based small businesses. The program is funded by the Cabinet for Economic Development (CED), Office of Commercialization and Innovation (OCI). For more information please see ksef.kstc.com.