IX Water

Revolutionary Water Recycling Technology

IX Water

Revolutionary Water Recycling Technology

Golden, CO
Clean Technology
Environment
We are converting industrial contaminated water into an asset. Our proprietary and environmentally friendly approach for recycling contaminated water is half the cost of current methods and produces usable water.

$237,011

raised
409
Investors
9
Days Left
$1.25
Price per Share
$13.1M
Valuation
Equity
Offering Type
$250.00
Min. Investment

$237,011

raised
409
Investors
9
Days Left
$1.25
Price per Share
$13.1M
Valuation
Equity
Offering Type
$250.00
Min. Investment

Bonus Rewards

Get rewarded for investing more into IX Water

$250+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$500+
Investment
Investor Community Access
Receive updates about IX Water through our quarterly newsletter & Semi-Annual "Open Mic with IX Force" web call.
$1,000+
Investment
Stream
Receive 2% bonus shares plus a free IX Water “Water to Save the World” T-Shirt (International investors will be asked to pay for shipping.)
$2,500+
Investment
River
Receive 5% bonus shares plus IX Water “Water to Save the World” T-Shirt and travel mug (International investors will be asked to pay for shipping.)
$5,000+
Investment
Lake
Receive 8% bonus shares plus IX Water tabletop meditation fountain plus IX Water “Water to Save the World” T-Shirt and travel mug (International investors will be asked to pay for shipping.)
$10,000+
Investment
Sea
10% bonus shares plus invite to tour our facility to meet the IX-Force ("Our Team").
$25,000+
Investment
Ocean
10% bonus shares plus accompany IX Water CEO, John "Grizz" Deal, on a sales & marketing trip (location and details to be determined) to meet customers and/or prospects.

Reasons to Invest

A $75 billion annual market in need: 150 billion barrels of oil & gas produced water going to waste
Experienced team with 20+ years in Department of Energy innovations, leveraging patented technology developed in Los Alamos Laboratory
A ground breaking product: IX Water's proprietary and environmentally friendly technology cuts current costs by 50%

“When oil prices go down, the only thing you can do to maintain profitability is to cut costs. That’s where we come in!”

Our Story


Unique contaminates require a unique approach

Scientists at the New Mexico Institute of Mining and Technology, Los Alamos National Laboratory, and the University of Texas researched ways to increase the amount of potable water for their very arid, high plains states by recycling industrial wastewater. After nearly a decade of research, they developed a series of cold reactors that utilize a series of unique filtration media that can be recharged in the field and used hundreds of times, before replacing the media.


It changed everything.

The Problem


Oil & Gas recovery produces tons of unusable water, which is expensive & difficult to dispose of

The process of mining for oil and gas leaves behind a byproduct of large amounts of water. We belive this water, due to its contamination with toxic pollutants such as heavy metals, hydrocarbons, and sulfur compounds, is useless and therefore presents companies with the expensive and energy-intensive task of disposing of the water. 


Current methods of disposal include deep well injections, and open pit evaporation, both of which are very expensive and can cause environmental damage, as well as other costly and energy-intensive approaches.

Traditional industrial water evaporation pit - used to separate sludge from water

The Solution


IX Water has created a way to recycle this contaminated water

We've developed a system to treat water that is at elast50% less expensive than other methods. With the enormous gas and oil industry in front of us, we believe our cost-effective and environmentally friendly solution will be hard to pass. On top of all of this... we're hoping to keep this leg up as our technology is already patented.


The Market


$75 billion annual market opportunity

In 2019 the global oil and gas industry produced 150 billion barrels of contaminated water.


This represents a $75 billion market opportunity for the treatment of produced water.

Our Traction


Patents acquired and first purchases received!

The technology was invented by scientists and engineers at the world-renowned Los Alamos National Laboratory in a unique collaboration with the University of Texas and New Mexico Tech, and then productized and commercially tested by the IX-Force.

After acquiring the rights to our patents, we spent years designing, developing, and testing our commercial products. 


We’ve won multiple grants and competitions in the startup and produced water worlds, and after validating our product with industry, we began our commercial sales program in the summer of 2019. 


Since then we’ve received our first three purchases, as well as made strides in the manufacturing space by landing a key partner in the industry.

IX water portable demonstration units (1/5th scale)

What We Do


We make recycling produced water both economically and environmentally feasible

We manufacture and sell multiple products predicated on our proprietary technology. Our systems remove 99.81% of all contaminants from water (meeting US EPA, European Union, and Chinese regulations standards) at less than 50% of the cost of traditional treatment methods — all the while minimizing waste.

The proof is plain to see

Below is a chart showing a typical IX Water pre and post treatment analysis.
IX Water does the job!

The Business Model


Gas and Oil service companies buy our machines

Each one of our modules costs around $450,000, and can be connected in a system with up to 25 modules — meaning sales can range up to $12 million per order.


We also generate revenue through the sale of replacement products and maintenance of our machines.

Our Projections


Management has taken a conservative approach to our operating plan.


Given the very large market for our products, sales projections take into account many factors. This includes the size of the market, geographic proximity of targeted customers, the number of IX Water machines that can be built using existing our resources, supply chain, and sub-contracting capabilities, the number of units that can be reasonably sold per salesperson per year, and the “contact to contract” steps and time required.


The use of authorized representatives, marketing partners, as well as formal manufacturer’s reps provides IX Water with a “force multiplier” for its internal sales team and marketing efforts, greatly expanding our ability to sell our products world-wide.


Overhead may appear low, but that is because Management includes the cost of manufacturing labor in Cost of Goods Sold (COGS) given our “just in time” manufacturing model.


IX Water product manufacturing relies on many out-sourced components. These include reactor casks, pumps, piping, as well as control and monitoring software and hardware. The Company has a supply chain where at least two sources within each geographic market can supply our components and raw materials.


Adequate cash flow is achieved because industrial customers are used to paying 50% of the cost of such products as a down payment, and international customers normally provide a letter of credit through an internationally-recognized bank with which IX Water’s bank can determine credit-worthiness and milestone-based payments.

*For the above chart, please see the forward-looking statements disclosure in Part I of Addendum 1 to this Exhibit A of the Company's Form C.

How We Are Different


We reduce the complexity of traditional water treatment while lowering the cost

We believe that traditional water and sewage treatment methods just don’t cut it when it comes to industrial wastewater. Large construction and service firms have been trying to solve the problem of oil & gas produced water for years, and in our opinion they have failed. The reason these other companies fail in our view is because they bring to bear traditional water treatment tech — lots of land, chemicals, additives, and old fashioned methods. In fact, some of our competitors literally bid plant cost based on how much concrete they can pour, and how many of their people they can sell to operate the plant.


IX Water is different. Our modular machines provide real-time treatment in a modular fashion, that integrates with existing equipment, are easily scaled, and can be operated by a single person.


Our systems are much cheaper to buy and operate, and leave a dramatically less amount of waste than our competitors.

 We Use our Own Products

As part of our commercial testing and product refinement, we processed millions of gallons of water at a facility near Denver. The water intake was the nastiest produced and industrial water imaginable.


IX Water machines worked at such a high efficiency and efficacy that we secured a permit to put the treated water back into the South Platte River Basin.

The Vision


Once the industry catches wind of us, there won’t be another choice

Since we believe our product to be superior to our competitors on both the grounds of environmental sustainability and economic efficiency, we believe that within a few years we will become the default choice for produced water treatment of companies within the gas and oil extraction industry.

Our Team


We know how to solve big problems

Our team has over 20 years of success commercializing Department of Energy innovations, and has spun out seven firms in the process.


We are a group of innovators with experience commercializing solutions for some of the world’s most intimidating problems, such as pandemic modeling and safer nuclear reactors.


The original lead inventor of our tech, Dr. Jeri Sullivan, remains on board as well. Dr. Sullivan is a giant in the wastewater management field, and her expertise and experience are considered world class by her peers.

Why Invest


Join us in the marriage between economic efficiency and environmental sustainability

We know that the best way to create real change in the way our private industries handle the environment is to make the sustainable solution the only economically viable choice. That is what we have done with IX Water.


You should invest in IX Water if you believe that we need to protect our planet, and one way to do that is through innovative and economically feasible market solutions.

Offering Summary


Company

:

IX Power Clean Water, Inc.

Corporate Address

:

Golden Corporate Center, 420 Corporate Circle, Suite F, Golden, CO 80401

Offering Minimum

:

$10,000.00

Offering Maximum

:

$1,070,000.00

Minimum Investment Amount

(per investor)

:

$250.00











Terms


Offering Type

:

Equity

Security Name

:

Class B Non-Voting Common Stock

Minimum Number of Shares Offered

:

8,000

Maximum Number of Shares Offered

:

856,000

Price per Share

:

$1.25

Pre-Money Valuation

:

$13,088,164.00











COVID Relief

This offering is being conducted on an expedited basis due to circumstances relating to COVID-19 and pursuant to the SEC’s temporary regulatory COVID-19 relief set out in Regulation Crowdfunding §227.201(z).

Expedited closing sooner than 21 days

Further, in reliance on Regulation Crowdfunding §227.303(g)(2) A funding portal that is an intermediary in a transaction involving the offer or sale of securities initiated between May 4, 2020, and August 31, 2020, in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)) by an issuer that is conducting an offering on an expedited basis due to circumstances relating to COVID-19 shall not be required to comply with the requirement in paragraph (e)(3)(i) of this section that a funding portal not direct a transmission of funds earlier than 21 days after the date on which the intermediary makes publicly available on its platform the information required to be provided by the issuer under §§227.201 and 227.203(a).

*Maximum Number of Shares Offered subject to adjustment for bonus shares. See bonus shares info below.

Perks* and Investment Incentives

Time-Based Rewards:

Dawn Patrol

First 72 Hours │10% Bonus Shares

Scout

Next 7 Days│8% Bonus Shares

Explorer

Next 20 Days│5% Bonus Shares

Amount-Based Rewards:

$500+ | Investor Community Access

Receive updates about IX Water through our quarterly newsletter & Semi-Annual "Open Mic with IX Force" web call. 

$1,000+ | Stream

Receive 2% bonus shares plus a free IX Water “Water to Save the World” T-Shirt (International investors will be asked to pay for shipping.)

$2,500+ | River

Receive 5% bonus shares plus IX Water “Water to Save the World” T-Shirt and travel mug (International investors will be asked to pay for shipping.)

$5,000+ | Lake

Receive 8% bonus shares plus IX Water tabletop meditation fountain plus IX Water “Water to Save the World” T-Shirt and travel mug (International investors will be asked to pay for shipping.)

$10,000+ | Sea

10% bonus shares plus invite to tour our facility to meet the IX-Force ("Our Team").

$25,000+ | Ocean

10% bonus shares plus accompany IX Water CEO, John "Grizz" Deal, on a sales & marketing trip (location and details to be determined) to meet customers and/or prospects.

*All perks occur after the Offering is completed. Investor pays travel costs, accommodations provided.

The 10% Bonus for StartEngine Shareholders

IX Power Clean Water, Inc. will offer 10% additional bonus shares for all investments that are committed by investors eligible for the StartEngine Crowdfunding Inc. OWNer’s bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares purchased in this Offering. For example, if you buy 200 shares of Class B Non-Voting Common Stock at $1.25 per share (the $250 minimum investment in this Offering), you will receive 220 shares of Class B Non-Voting Common Stock, meaning you will own 220 shares of Class B Non-Voting Common Stock for $250. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the Company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Eligible Investors will Receive only a Single Bonus

Investors, including Investors who are StartEngine shareholders, will only receive a single bonus, which will be the highest bonus they are eligible for not to exceed 10% bonus shares.

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Salary payments made to one’s self, a friend or relative. Vendor payments. Any expense labeled “Travel and Entertainment”. Inter company debt or back payments.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$174,856.00 USD
$167,543.00 USD
Cash And Cash Equivalents
$6,507.00 USD
$851.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$185,967.00 USD
$129,818.00 USD
Long Term Debt
$707,656.00 USD
$307,870.00 USD
Revenues And Sales
$0.00 USD
$0.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$464,417.00 USD
-$492,333.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Do you have questions about IX Water?

4 days ago

Hi StartEngine Members:

We are thinking of doing another webinar for you all. It does take a bit of work, so we want to find out if that’s something you would like.

If you are interested, please reply YES to this post in the comments and let us know if you have any questions you would like us to address.

Cheers,

Grizz

Notice of Funds Disbursement

4 days ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, IX Water has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in IX Water be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Water to Save the World Webcast 2July20

about 1 month ago

Click here to view the webcast.


Notice of Funds Disbursement

about 1 month ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, IX Water has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in IX Water be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Webcast: Water to Save the World

about 1 month ago

Thursday, July 2, 2020 at 10 AM – 11 AM MDT • Register: http://www.TinyURL.com/IxWater

In this 18-minute Webcast, the IX-Force will explain how IX Water is fostering a clean water revolution. We are helping industry create a closed water loop, so clear water can be left for people.


We Reached $150,000!

about 2 months ago


Notice of Funds Disbursement

2 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, IX Water has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in IX Water be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Show More Updates End of Updates

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