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Okeanos Technologies joins Europe’s biggest start-up Competition

Kentucky based start-up Okeanos Technologies has been selected among 370 applicants to
join the Next Step Challenge start-up competition and accelerator program with their radical
and disruptive new technology that changes desalination as we know it. Through world-class
mentoring, networking with international start-ups, and access to investors and leading
experts, the Next Step Challenge intends to help Okeanos reach the next level.

With their new method of removing salt from water, Okeanos is addressing a major global
problem,. Okeanos’ technology represents a fundamental and radical departure from the present
day state-of-the-art, energy intensive reverse-osmosis, as this is based on a electronic chip that
separates salt from water through microscopic electrical fields. Okeanos has filed two patent
applications on the technology and has rights to a third. The startup joins the Next Step
Challenge Smart Energy & Digital Solutions program track with 15 other high-potential start-ups
to put their business under the microscope.

“The Next Step Challenge in Denmark is a great opportunity for us. Denmark is by many
perceived as a clean tech capital, with a strong representation among water technology
companies and a great business climate” says Tony Frudakis, CEO of Oceans Technologies and
continues “ Next Step Challenge mentors are a great resource for our developing company, as
they bring excellent business development skills and broad networks that will help us establish
our company’s first commercial activities”

Eight month intensive race for the 1stprize of €250,000
Next Step challenge is the most prestigious start-up competition and accelerator program in
Europe. The final 20 high-potential companies will relocate to Esbjerg in Denmark for an
intensive eight month accelerator program where they’ll compete for the grand prize of

“We are very excited about Okeanos Technologies, their technology is fascinating and addressing
a very serious global problem” says Business Accelerator and Investor at Next Step Challenge, Jes
Nordentoft, and continues “We look forward to working with Tony and his team on building some
commercial layers on their business and making it ready for the market”.

Okeanos is selected among the final 15 startups in the program from more than 370 applicants
from 69 countries. In February 2016 Okeanos started the first sprint of Next Step Challenge and
will in April 2016 relocate to Esbjerg in Denmark for the second sprint of the program where they
will work closely with experienced serial-entrepreneurs of Accelerace, the experts of the energy
and telecommunication company SE and gain access to the talented businesses in the water
technology industry in Denmark.

Next Step Challenge has two program tracks focusing on Smart Energy & Digital Solutions and
Sound & Home Integration and is build in a partnership between Accelerace, one of the leading
accelerators in Scandinavia, the energy and broadband provider SE, The region of Southern
Denmark, Nupark, Færchfonden and consumer electronic company Bang & Olufsen A/S.
Read more about Next Step Challenge here: