INVEST IN IX WATER TODAY!
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%
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.
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.
Grizz was CEO and a co-founder of Hyperion Power Generation, a Los Alamos National Laboratory (LANL) spinout developing a Small Modular Reactor (SMR). He has also served as the chief marketing officer for Space Imaging and was the founder and CEO of LizardTech, one of the more successful LANL spinouts. Additionally, Grizz has served as Entrepreneur in Residence for the U.S. Department of Energy (DOE) National Nuclear Security Administration (NNSA) at Technology Ventures Corporation and as Visiting entrepreneur at Los Alamos National Laboratory. Grizz founded seven firms based on U.S. DOE technologies and holds graduate and undergraduate science degrees in geography from Texas A&M University.
Grizz is on the Board of the Riga Innovation Centre (RIC) in Latvia, the former Product Development Sensei for GVA Launch Gurus in Russia and Kazakhstan, a former adjunct faculty member at the Moscow School of Management Skolkovo, a member of the Texas A&M University College of Geosciences Advisory Council, a Mentor at the University of Northern Colorado BizHub Collaborative, and a Steering Committee member of the JeffCo Energy Action Project.
An Eagle Scout, Grizz spent nine summers working at Philmont Scout Ranch in Northern New Mexico as a guide and conservationist.
Grizz is a frequent speaker and writer on energy technology and policy, product development, starting and growing advanced technology-based ventures, and issues in raising capital for such ventures.
Grizz is full time with IX Water.
In addition to his work at IX Power, Mr. Wilson serves as the CFO and Secretary/Treasurer of the Sandia Science & Technology Park Development Corporation, chair of the Sandia Science & Technology Park Tenant Association, and Treasurer of the New Mexico Angels (a private investment group).
Mr. Wilson was named a Top Performing CFO by the NM Business Weekly and served on New Mexico Governor Gary Johnson’s Business Advisory Council. A graduate of Emory University, he also holds a Master’s in Business Administration from Rollins College, and has completed numerous C-level professional development courses.
Randy works mostly at IX Water until Company development requires his full-time attention.
Before IX Power, Deborah co-founded Hyperion Power Generation. She served as the V.P. of Marketing & Public Relations for the company and as the top executive in Hyperion’s Washington, D.C. office directed interaction with the U.S. Congress and all other federal agencies. Prior to Hyperion, she served as the CEO of the medical transportation charity Angel Flight Southeast, and before that worked around the globe as a marketing executive in the computer software, real estate, and hospitality industries. Her degrees in journalism-public relations and radio-TV were earned at the University of Central Florida. She is an accredited public relations specialist (APR) and member of the Public Relations Society of America (PRSA).
Deborah the founder and chair of the annual “Jeffco International Women’s Day” celebration, Vice President of the Foothills Art Center, and Chair of the Jeffco Library Foundation’s “Whale of a Used Book Sale.” She is also a graduate of the Leadership Golden class of 2015/2016 and the Leadership Jefferson County class of 2015/2016, and has served terms on a number of local government-appointed and chamber of commerce committees. She recently concluded her term as a Trustee of the Jefferson County Library.
Deborah was recognized this year as one of the Denver Business Journal’s “Top Women in Energy in Colorado,” and with The Elena Joyce Grissom Lifetime Achievement Award from the Jefferson County Library Foundation.
Deborah is full time with IX Water.
Dr. Libutti is a co-founder and the former VP of Engineering and Strategy for Hyperion Power Generation and for the software company LizardTech. He is the author of the book “IBM’s Systems Application Architecture.” After working in the industry as an electrical engineer and as an officer in the U.S. Army, Dr. Libutti began a 32-year career with the IBM Corporation. He held various positions ranging from the IBM Applied Science representative to NASA Langley during the Project Mercury space shots to IBM Group Director, holding executive marketing and executive product development positions in the U.S., Europe, and Japan.
Dr. Libutti created the corporate business case, led the development team, and introduced the personal computer in Japan. He has served on several corporate boards, including Sapiens International, a publicly-traded, Israeli software company where he became co-CEO.
Dr. Libutti holds a BS in Engineering Physics from Lehigh University and an MBA and a Ph.D. in Business Administration. Dr. Libutti is also a graduate of IBM’s Systems Research Institute, earning the equivalency of a Master’s degree in computer science.
Bob is full time with IX Water.
Dr. Peterson served as a group leader at Los Alamos National Laboratory (LANL) and held management positions at Eastman Kodak and Allied Chemical where he co-founded the laser-induced chemistry program. He was also a co-founder of the laser isotope separation program (AVLIS) at Lawrence Livermore Laboratory, which continued for 26 years. His inventions and many publications have been cited by other authors in the technical literature well over 1000 times. He is a fellow of the Optical Society of America. He earned his Ph.D. in physics at the University of Illinois.
Pete is full time with IX Water.
Dr. Jeri Sullivan
Inventor
Jeri’s entire career has been concerned with innovative techniques for cleaning contaminated water. Her current work includes the geochemical evaluation of water and media for growth of algae for biofuel production; experimentation for and design of water treatment methods for removing silica and organics from contaminated waters prior to use or desalination; and system model development for treatment and costs of water produced from Carbon Sequestration operations. She has over 12 years of expertise in adsorption and filtration water treatment methods for cleanup of oil and gas produced waters and the costs of treating these waters. Her other work includes statistical analysis of background groundwater chemistry on the Pajarito Plateau in northern New Mexico. She has worked as a chemist for radioactive waste characterization and disposal, hydrologic characterization and tracer studies, geochemistry of oil and gas industry disposal sites, saltwater contamination sites, and as an environmental consultant in characterization and remediation of air, soil, and water at hazardous waste and Superfund sites.
Jeri works on an as-needed basis with IX Water.
Paul Gatzemeier
Director
Mr. Gatzemeier is also active in the ownership and operation of a number of other small businesses. Mr. Gatzemeier has both corporate and non-profit board experience, is currently serving as an independent director for companies other than the Company, and is pursuing additional independent director opportunities. He holds a BS in Engineering Physics from Montana State University, an MBA from Stanford University's Graduate School of Business, Executive Program, and an Advanced Management Program degree from Harvard University.
John Michael Bell
Director
Mr. Bell currently serves as Broker & Principal, Commercial Real Estate, for Bell Commercial Real Estate Advisors, LLC. He has been involved with Bell Commercial Real Advisors, LLC since February 2009.
Mr. Bell is also an early-stage investor in five technology companies, including the Company. He is on the International Business Society Board of the Technology Association of Georgia which is one of the largest and most diverse technology associations in the country. He holds a BA Double Major, Speech Communication & Sociology, from Wake Forest University (May 1986), an MBA in Finance from Rollins College – Crummer Graduate school of Business (May 1988), and Master's Degree, Commercial Real Estate, from Georgetown University School of Continuing Studies (2018).
Maximum Number of Shares Offered subject to adjustment for bonus shares
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 | : | $2,000,000 |
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 | : | 1,600,000 |
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
**The above time-based rewards were measured from commencement of the crowdfunding campaign in May 2020. Accordingly, these time-based rewards have expired and are no longer available.
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 and for amount-based perks other than bonus shares. Investor pays travel costs, accommodations provided.
For clarity, in response to Comments submitted to the Company in this Offering, for amount-based perks other than bonus shares, the Company will aggregate all investments of a particular investor at completion of the Offering to determine the level of amount-based perks (other than bonus shares). Bonus shares are determined by the Intermediary StartEngine and are typically determined on a per commitment transaction and not per closing or per total investment amount.
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.
01.25.22
"Closing time, you don't have to go home, but you can't stay here…"
The IX Water crowdfunding closes at midnight tonight, Left Coast Time.
All the IX-Force would like to thank all our investors for believing in us, and that together we all can make the world a better place for everyone.
We’d also like to thank our attorney Kelly Matthews at Robinson Waters O’Dorisio in Denver, who is a great friend and who has stuck with us through thick and thin.
The staff at StartEngine has been wonderful and helped us through this process all along the way. We will miss our interaction with StartEngine, but now as they are stockholders, we go to work for them!
Fortuna perseverantes favet (fortune favors the persistent).
01.20.22
ONLY 6 DAYS and $130K to go.
Hello IX Water Stockholders and Supporters:
THANK YOU to the 2,500+ investors who have contributed to IX Water’s crowdfunding campaign. IX Water has cleared over $1.8 million in campaign investments – meaning we are over 90% of the way to hitting our fundraising cap of $2 million.
Our campaign will close at the scheduled end date of January 25th, which is less than one week away. We hope to reach our fundraising cap of $2 million before that. Please share our campaign page with all your contacts to help us close out quickly.
Thanks again for your support of IX Water. The finish line is getting closer and closer.
Help us reach our goal … Invest in IX Water today!
Cheers,
Grizz
12.18.21
[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
11.15.21
11.05.21
Join us for an update on IX Water.
This on-demand webcast features Travis Brodeen from the MVP Institute and John R (Grizz) Deal CEO of IX Water for a rundown of what's happening at IX Water and also a discussion about crowdfunding.
10.25.21
[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:
Campaign has extended their offering by 90 days.
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.
10.25.21
[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:
Campaign has extended their offering by 90 days.
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.
10.21.21
FOR IMMEDIATE RELEASE
DotCom Magazine Presents IX Water with
“America’s Most Impactful Privately Held Companies” Award
GOLDEN, CO; OCTOBER 20, 2022— IX Power Clean Water (IX Water) today announced that it has been selected as one of DotCom Magazine’s “Impact Company of the Year” Award Winners!
Every year DotCom Magazine reveals its annual list of America's most impactful privately held companies and IX Water is proud to have been selected to join in 2021. The DotCom Magazine 2021 Impact Company of The Year Awards celebrates entrepreneurs and their companies who adapt to changing times and make an impact. Andy Jacob, CEO of DotCom Magazine says, “When a company makes an impact, not only are they helping their clients, but they are also helping the world become a better place.”
IX Power Clean Water (IX Water) is helping to solve the water crisis by providing the most effective and cost-efficient solution that’s available today for the treatment of toxic industrial wastewater from factories, mining operations, and oil and gas drilling operations. IX Water’s patented new technology originated at the U.S. National Laboratory at Los Alamos, which collaborated with New Mexico Tech and the University of Texas. A video about IX Water can be found at: https://bit.ly/IxWater_DotCom.
The company now manufactures different machines to address specific, individual contaminants such as heavy metals, organic hydrocarbons, scalants, and other contaminants that are often microscopically dissolved in the wastewater, and thus incredibly difficult to remove. The different reactors are transported to a site and then linked together. These modular reactors, containing its reusable media, allow for the relatively quick construction of a scalable, custom water treatment facility. The technology utilized dramatically cuts down the amount of residual waste product because its media highly concentrates contaminant waste and, is rechargeable to enable a year’s worth of operation before replacement is required. No chemicals or additives are utilized in the operation of an IX Water treatment machine.
“At IX Water, we take a prescriptive approach,” said John R. Grizz Deal, CEO. “We holistically review all the contaminants in wastewater and create a system that turns an industry liability into an asset — for recycling, reuse, or even resale. Our solution enables clients to save 50% or more over the cost of other systems available today.”
IX Water is based in Golden, Colorado, and has offices in Mexico and China. More information about the company can be found at www.IxWater.com. The company is currently crowdfunding at StartEngine.com/Ix-Water.
10.18.21
https://bit.ly/Ix_Water_Show_B
Join us for an update on IX Water.
This on-demand webcast features Travis Brodeen from the MVP Institute and John R (Grizz) Deal CEO of IX Water for a rundown of what's happening at IX Water.
https://bit.ly/Ix_Water_Show_B
10.12.21
The Ix-Force is excited to release a recent interview by DotCom Magazine. Although IX Water is not a "Dot Com" company, DotCom Magazine editor Jake Jacob is passionate about IX Water and our commitment to helping make the world a better place.
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.
Investor Community Access
Receive updates about IX Water through our quarterly newsletter & Semi-Annual "Open Mic with IX Force" web call.
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.)
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.)
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.)
Sea
10% bonus shares plus invite to tour our facility to meet the IX-Force ("Our Team").
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.
0/2500
Cancel anytime before 48 hours before a rolling close or the offering end date.
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