#USA #Minneapolis #Claros Technologies #PFAS Destruction #ClarosTechUV

Claros Technologies Secures Funding to Expand PFAS Destruction Technology

Introduction
Claros Technologies, Inc. ("Claros"), recognized as an industry leader in high-flow PFAS (per- and polyfluoroalkyl substances) destruction and analysis technologies, has announced the acquisition of $10 million in convertible note financing. This funding aims to accelerate the global implementation of their cutting-edge technology, ClarosTechUV™, amid increasing regulatory pressures surrounding PFAS usage.

Growing Need for PFAS Solutions
As global regulations tighten, manufacturers face heightened scrutiny regarding their use of PFAS in operations. Claros is stepping in to meet this demand with technologies capable of destroying short-chain and long-chain PFAS efficiently. Their solutions are cost-effective and designed for immediate field deployment, making them ideal for industries under regulatory pressures.

Funding Breakthrough
The recent funding round included contributions from a diverse array of investors, many of whom have previously supported Claros, including Capita3, the University of Minnesota, American Century Private Investments, and the F. R. Bigelow Foundation. This blend of existing and new investors solidifies a robust coalition aimed at propelling Claros's innovations within the market.

Pilot Projects and Commercial Success
The announcement follows a successful pilot project in collaboration with Daikin America, Inc., where ClarosTechUV™ demonstrated an impressive 99.99% destruction rate of targeted PFAS in high-flow wastewater. This milestone represents a significant advancement in scalable industrial applications for PFAS destruction. CEO Michelle Bellanca noted that the pilot established a new benchmark for efficient and affordable PFAS destruction solutions, validating Claros's capability to tackle various PFAS species effectively.

Investor Confidence
Investors like Steve Sefton, president of Clearwater Equity and a new participant in the funding round, emphasized Claros's leadership in addressing one of today's urgent environmental challenges. He stated that while PFAS will continue to play a role in essential industrial processes, the environmental ramifications of their production and use cannot be overlooked. Claros provides a pioneering solution that prevents PFAS materials from contaminating the environment at their source, benefiting both compliance with current regulations and broader environmental goals.

Future Prospects
Notably, the recent $10 million convertible bond financing raised Claros's total capital to $39 million since its inception. This funding will further support the scaling of the ClarosTechUV™ system, expand global pilot programs, and enhance operational development across North America, Europe, and Asia.

About Claros Technologies
Founded in 2018 and based in Minneapolis, Minnesota, Claros is a global leader in PFAS mitigation. The company's ClarosTech™ division focuses on permanently eliminating PFAS with systems that achieve a 99.99% destruction efficiency, while its ClarosLabs™ division provides dedicated PFAS analytical services to ensure comprehensive monitoring and compliance. Originally incubated at the University of Minnesota, Claros symbolizes the transformation of academic research into practical environmental solutions, positioning Minnesota at the forefront of sustainable technology.

Conclusion
Claros Technologies is committed to permanently eliminating PFAS from the environment, and with the support of its investors, the company is set to redefine standards in the industry and contribute significantly to future environmental health.