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Our Story
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
The process of mining for oil and gas leaves behind a byproduct of large amounts of water. We believe 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
We've developed a system to treat water that is at least 50% 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
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
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 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.
Below is a chart showing a typical IX Water pre and post treatment analysis.
IX Water does the job!
The Business Model
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 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.
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
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
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
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.
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 |
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.
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.
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the IX Water offering. Here's an excerpt describing the specifics of the change:
IX Water extended its campaign.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
IX Water CEO is interviewed by business strategist Keith Weaver on the topic: Turning Technical Innovations Into Actual Products
A (very) quick update on the new SEC rules regarding crowdfunding and how it will affect IX Water.
[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
A five-minute video explaining the use of Class II Wastewater Disposal Wells and how IX Water can minimize their use.
This short video was shown at a recent conference of coal coking executives in China. The style is specific to the business culture.
NASA’S Kennedy Space Center today licensed its new patented Ammonia Recovery System to Colorado-based IX Water Treatment, a division of IX Power Clean Water for commercial development. “We are looking forward to bringing this amazing technology from space to terrestrial markets,” said John R. (Grizz) Deal, CEO of IX Power Clean Water (aka IX Water).
The NASA system was developed for the Environmental Control and Life Support Systems on the International Space Station for processing urine. Beyond that specific application, the system has the potential to process other types of ammonia-rich influents. The novel, regenerable struvite-formation system for the capture of ammonia has three primary functions: 1) removal of ammonia from wastewater using a media that is highly selective for ammonia, 2) capture of the ammonia for later use (e.g., as a fertilizer), and 3) regeneration of the capture media for reuse in the system.
There are many commercial applications possible for the technology that IX Water will be investigating. Some of those applications include food processing, agricultural wastewater (swine and dairy farms, etc.), fertilizer and chemical plants, wool textiles, electroplating, municipal water treatment, reclaimed and recycled water, and greywater. In addition to manufacturing and processing plants, the technology has potential for multi-unit housing complexes, resorts, government complexes, and military installations.
Current ammonia removal technologies involve biological processes or ion exchange, and neither of these met NASA’s ammonia recovery needs. Biological processes have high complexity, high volume requirements, and introduce contaminants in the effluent. Ion exchange is not very selective for ammonia and requires regeneration, which produces impure ammonia and other cation/regenerate effluent. To address these challenges, NASA developed its own technology which has a higher capacity than traditional absorbents. It is also more selective for ammonia than typical ion-exchange resins. NASA’s goal was to be better and more cost-effective than ammonia stripping via gas or steam.
“After nearly 30 years of commercializing US Department of Energy innovations, we are very excited to be commercializing NASA technology,” said Deal.
About IX Power Clean Water
IX Power Clean Water is an innovative provider of cleantech solutions designed to treat and clean industrial wastewater so that freshwater resources can be preserved for families, crops, and communities. The company was founded by IX Power LLC, a technology commercialization and product development firm spun-out from Los Alamos National Laboratory in New Mexico. Offices for IX Power Clean Water are located in Golden, Colorado, and Dalian, China. Visit https://IxWater.com/
[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
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