Neptune FS Global Signs India Distribution Agreement
Company to Establish Engineering and Research & Development Center in Hyderabad
Neptune Water Remediation Services, through the Fisk Neptune Processor technology, provides for wastewater treatment, pollution control, brine removal and produced water processing to optimize water resources and reduce freshwater consumption.
Mark A. Skoda, CEO, stated, "We are excited about the formation of our partnership with Mastive Infrastructure Private Ltd. After establishing our Africa and Middle East agreements, we were introduced to the team in India. My previous joint venture experience with a major Indian conglomerate made this effort a logical next step. India requires clean water to support industrial processes, agriculture and as drinking water. The Fisk Neptune Processor is a logical solution to that problem where large scale projects are not feasible."
The strategic relationship includes the marketing, sales and distribution of the Fisk Neptune Processor throughout the region. The agreement also provides for the manufacturing and licensing of key technologies, including the Fisk Neptune Processor as well as the development of a new global research and development engineering Center of Excellence.
Thilotham Kolanu CEO, commented, "Mark and his company were introduced to us by Fourthwind Investments, with whom we have worked for nearly twenty years. As we became familiar with the Neptune technology, it became apparent that this solution could be an excellent option for the Indian market where there is an urgent need for low cost water treatment interventions. In addition, our location in Hyderabad, which is one of the water stressed regions is a good business eco system with huge engineering skill base. It becomes a natural choice to locate and to develop a global R&D Center of Excellence for Neptune. Over the coming months, we will work together with Mark and his team to roll out the appropriate resources to make this vision a reality."
Mark A. Skoda, CEO of Neptune further commented, "My previous experience in India suggested the need for a local partner along with a strong technical background. Our strategic partnership will allow us to enter the Indian market rapidly while also leveraging the extensive engineering and technology resources of the Hyderabad tech community."
Vinay Palaparthy, a partner in Mastive, further commented, "Being located in Hyderabad offers us a unique opportunity to develop the Neptune global Center of Excellence. Our experience in the local market combined with the engineering and consulting expertise of Mastive, allows us to source the right people for the center and to ensure both the quality of work and the need for protection of the intellectual property developed by Neptune FS Global."
About Mastive Infrastructure Private Ltd.
Mastive Infrastructure Private Ltd. Is engaged in investment and development strategies and operations for technology, real estate and engineering activities in the India markets. In addition to their investment efforts, Mastive also provides consulting and operational services to international companies who wish to set up business in the country.
About Neptune FS Global, Inc.
Neptune FS Global, Inc. is a North American water remediation technology company focusing on efficient removal of pollutants in water used for industrial and commercial processes. Water is key to life and our technology provides benefits for our clients, shareholders and the community at large.
Our technology spans water remediation and cleanup for the oil & gas, mining and geothermal industries through the use of our Fisk Neptune Processor. The solution can produce potable water and energy for remote applications in water stressed environments.
Mark A. Skoda