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SAM Private Equity leads a CAD 7 million financing round for Vaperma Inc


Québec City, Québec, Canada, June 19, 2006 – SAM Private Equity, a Switzerland-based venture fund specialized in cleantech and sustainability investments, led a Series A financing that totalled C$ 7.0 million. The syndicate consisted of BDC Capital and Fonds d’Investissement en Développement Durable (FIDD), two Canadian-based investment funds, and an angel investors group from Europe and Canada. Vaperma Inc. is active in the development and the commercialization of advanced gas separation solutions for the production of fuel ethanol, biodiesel and natural gas. Vaperma’s advanced polymeric membrane systems enable major energy costs savings and reduction of green house gases and benzene emissions.

'The research team at Vaperma has developed and patented a polymeric membrane technology that provides a means whereby water can be separated from ethanol and natural gas in the vapor phase using less energy than the traditional distillation and solvent-based gas scrubbing processes. Our technology can save about 40% of energy costs for the production of fuel-grade ethanol and 35% of operating costs for the treatment of wet natural gas “said enthusiastically Claude Létourneau, President and CEO of Vaperma. “We have a clear value proposition for both the fuel ethanol and natural gas processing markets’’.

We were very impressed by the global network and due diligence process of the SAM team. We are convinced that SAM Private Equity, FIDD and BDC Capital are the right partners to position Vaperma as a world leader in gas separation solutions. Few investors in the cleantech market cover this sector through a global network and put much emphasis on the sustainability and product life cycle of their investments.

'The management team at Vaperma has demonstrated outstanding leadership qualities and commitment' said Luc Charron, Principal at SAM Private Equity Sustainability Fund II LP. Vaperma has already a lot of traction in the market place. Their Alpha product for the ethanol market will be in field trial by July 2006 and plans are underway for a demonstration project for the dehydration of natural gas. Customer validation of Vaperma value proposition is well underway. “The technology developed by Vaperma is an innovative solution that will greatly contribute to the reduction of greenhouse gas emissions’’ affirms Mrs. Andrée-Lise Méthot, President and Chief Executive Officer of FIDD. Our investment is being enacted at the most appropriate stage of Vaperma and its technology’s development, a period when the “life cycle” approach will induce the greatest benefit and therefore lead to its adoption by clients in the ethanol and natural gas sectors.

Vaperma is grateful to their angel investors, SOVAR, CNRC, NRCan/CANMET and CQVB for their seed investment, support and guidance. At the earliest stage of the technology development, SOVAR helped the founder-researchers to identify the first commercial applications for the membrane, to develop an IP strategy and to recruit an experienced entrepreneur CEO needed to manage the high growth start-up company. Vaperma is a cleantech Quebec-based company specialized in the development, manufacturing and commercialization of a new hollow fibre polymeric membrane that allows high selective separation of water from various gas mixtures and organic vapors. Vaperma membranes are heat and solvent resistant. Membrane based technology offers an alternative to conventional processes for the dehydration of ethanol and natural gas and the removal of CO2. By offering Vaperma gas separation systems, we provide enhanced value to our customers through its superior performance and higher economic returns. Vaperma growth strategy is to focus on continuously improving our gas membrane separation technologies to meet the broadest needs of its customers.
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About SAM Private Equity:
SAM Private Equity is a leading international venture capital firm focusing on emerging techno


Publisher Contact Information:

SAM Private Equity
+41 1 397 10 12
dominique.reber@sam-group.com

Company profile of Emerald Technology Ventures (formerly SAM Private Equity)
Past press releases of Emerald Technology Ventures (formerly SAM Private Equity).

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