MIOX Corporation Set To Expand With Investment From Sand Hill Road Venture Captial Firm

January 22, 2007
Sierra Ventures leads Series B round for MIOX Corp., a technology company focused on solving one of the world’s most pressing issues – clean, safe water
Albuquerque, NM – January 22, 2007 – MIOX Corporation announced today that it has raised $14.5 million in capital to accelerate its growth into emerging markets.  MIOX currently sells products to purify water for public water treatment systems.  It has also successfully developed products and technology for a variety of other applications, including personalized handheld water purification, industrial water, marine, military, and pool and spa applications.  MIOX products are cost effective, safe, and a more environmentally sound alternative to the dangerous and harsh chemicals typically used to treat water for these applications.
“Customers have pulled MIOX technology into a number of new applications and exciting opportunities,” said Carlos Perea, president and CEO of MIOX Corporation.  “With the financial backing of our investors, we can now properly address and develop these fast growing markets.  Moreover, we can continue to grow our international markets where there is a rapidly growing demand to treat water in a safe and environmentally sustainable manner.”
The round was led by Sierra Ventures with participation from Nick Pritzker via Tao Capital and New Mexico Community Capital.  Also participating were the major existing investors including Flywheel Ventures.  Sierra Ventures is a top tier venture capital firm with investments in the United States, China, Canada, and India. Sierra is known for its operational expertise and ability to work with entrepreneurs and management teams to build companies into large, profitable businesses.
“Sierra invests in world-changing ideas.  We’ve been interested in making an investment in the Clean Tech space for some time,” said Jeff Loomans, a partner at Sierra.  “One reason Water Technology is attractive is that water is one of the largest markets in the world with a significant growth rate.  It wasn’t until we found MIOX that we found a company that meets our investment criteria.”
“We are excited about the new investment in MIOX,” said Trevor Loy, managing partner at Flywheel. “MIOX is an excellent example of a company applying technology to address a major market opportunity and, at the same time, address a major social and environmental issue.  Today, one of five people in the world still do not have access to safe, clean water, resulting in major costs to society. MIOX is a distributed architecture and will allow end users to treat their water at the point of use.  This is a cost-effective approach that many parts of the developing world are embracing.”

About MIOX Corporation
MIOX applies patented technology to manufacture products that can provide clean, safe water, anywhere at any time.  The technology was originally developed under military and federal contracts with the goal of replacing traditional water treatment chemicals.  For over a decade MIOX products have been used by hundreds of municipalities across the United States to treat water to EPA (Environmental Protection Agency) standards.  MIOX eliminates the need to store and transport dangerous chemicals such as chlorine gas, which is considered by the Department of Homeland Security to be one of the most significant threats to community safety.  MIOX is currently being sold in over 40 countries and can be used in a variety of water treatment applications.  More information is available at http://www.miox.com.

About Sierra Ventures
Sierra Ventures, founded in 1982, is a privately held venture capital firm focused on investments across all areas of the Information Technology sector from semiconductors to enterprise software.  Sierra Ventures has managed nine venture capital partnerships and currently has more than $1.5 billion of capital under management.  Some of the firm’s investments include 360Commerce (acquired by Oracle), Active Software (acquired by WebMethods), AmeriGroup (AGP), Centex (acquired by WorldCom), ConvergeNet (acquired by Dell), FatBrain (acquired by Barnes & Noble), Frontbridge (acquired by Microsoft), Healtheon (merged with WebMD), Interact Commerce (acquired by Sage), Intuit (INTU), Micromuse (acquired by IBM), OnAssignment (ASGN), OnLink (acquired by Siebel), Quinta (acquired by Seagate), StrataCom (acquired by Cisco), Sychip (acquired by Murata Manufacturing) and Teradata (acquired by NCR).  More information is available at http://www.sierraventures.com. 

About Flywheel Ventures
Flywheel Ventures is a venture capital firm that makes investments of first institutional capital in the Mountain West. Flywheel targets companies based on innovations in information technology and the physical sciences. The firm matches talented entrepreneurs and market opportunities with Flywheel’s capital, entrepreneurial experience, and industry relationships to accelerate innovations into profitable companies. Flywheel is based in Santa Fe and also has offices in Albuquerque and San Francisco. For more information on Flywheel, please visit www.flywheelventures.com.

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