Capital Limited and Eco Detection have come together to continue Eco Detection’s excellence in water quality monitoring innovation.
Eco Detection has received a strategic investment of AU$10 million from Capital Limited. This investment underscores Capital Limited’s confidence in Eco Detection’s innovative technology and its potential to revolutionise water quality monitoring.
Eco Detection’s Ion-Q platform is the world’s first fully autonomous multiparameter laboratory-grade water analysis system. Based on IP from the University of Tasmania and developed by Grey Innovation, the Ion-Q platform continuously monitors water quality, transmitting calibrated measurements directly from the site in real-time. This groundbreaking technology eliminates manual sampling, ensuring secure and accurate data collection to enable more informed management and operational decisions, leading to faster response times and improved outcomes.
Eco Detection is gaining acceptance by regulatory authorities in Australia for various applications as an alternative to traditional laboratory data, helping the company scale its operations in municipal and industrial wastewater treatment plants, remote drinking water monitoring, and the agribusiness and aquaculture sectors.
The Ion-Q platform supports exploration and mining activities in the mining industry by providing critical data for compliance and remediation reporting. It has the potential to monitor down-hole water quality and deliver real-time contaminant alerts, enabling faster response times to leach from tailings dams and other storage facilities. Additionally, it may contribute to maintaining community relations through monitoring local environments and waterways.
Capital’s subsidiary, MSALABS, is a global provider of geochemical laboratory services for the exploration and mining sectors. It has a network of laboratories around the world fitted with the latest industry technologies. Capital has secured a global distribution agreement for the Ion-Q platform for the mining industry as part of this strategic investment. This distribution agreement will enhance Capital’s service offerings while aligning with its commitment to environmental stewardship.
“Momentum is building in the water sector, and we are excited to join forces with Capital through this strategic investment,” said Eco Detection CEO Jefferson Harcourt. “This investment will accelerate production expansion and sales into new markets for us. The issues around water are global and not going away. Automating a slow and expensive manual process makes sense, but putting a laboratory in the field is not easy. We’ve done it and are embracing the race to scale. Capital will play a critical role for us here.”
Capital CEO Peter Stokes said, “Capital consistently monitors technology that could add significant value to the mining industry, and we certainly see that potential here. We look forward to working with the team at Eco Detection to deliver this world-first system across the mining industry and more broadly.”
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