FilterBoxx Announces Growth Equity Investment and New Board Members

May 12, 2010

CALGARY, ALBERTA–(Marketwire – May 12, 2010)

FilterBoxx Water and Environmental Corp., a Calgary based company and leading supplier of packaged water treatment systems to Canada’s oil and gas industry, is pleased to announce that it has closed a growth equity financing led by XPV Capital Corp with EnerTech Capital and The Walsingham Fund.

“We are excited to have closed this round with not one but three highly regarded private equity funds. We believe that their involvement in FilterBoxx will lend a substantial amount of strategic and development support in the area of innovative water treatment technology, access to new markets, the development of a broader customer base, and access to future capital” said FilterBoxx CEO Kevin Slough.

FilterBoxx addresses some of the most mission critical process water treatment requirements of major oil and gas producers such as SAGD water reuse, boiler feed water treatment and metals removal, in addition to providing treatment for potable water and wastewater to drilling, mining and pipeline camps. Other markets served by FilterBoxx with its packaged treatment systems include aboriginal communities, resorts, and small municipalities.

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