OxyMem was named by The Irish Times & InterTradeIreland as the 2014 Innovation of the Year at the annual awards ceremony at the Royal Hospital, Kilmainham last night.
OxyMem has been named the 2014 Irish Times InterTradeIreland Innovation of the Year for the development of its breakthrough technology for wastewater aeration. Companies were recognised for their achievements across a diverse group of categories and honoured for their contribution in leading innovation within their industry. Now in its fourth year, the Irish Times InterTradeIreland Innovation Awards aim to identify and promote a range of the most ground breaking product and service innovations throughout the island.
OxyMem was chosen as one of eighteen of the most successful innovations on the island of Ireland based on an evaluation of such criteria as originality, proven market and industry impact and potential for sustainability and development. OxyMem is a breakthrough technology for the wastewater aeration market tackling the industry’s biggest challenge – energy costs. For more than 100 years wastewater treatment has relied upon energy intensive processes which compress large volumes of air to provide oxygen to the bacteria breaking down the pollutants. The OxyMem solution does not rely on these highly inefficient methods. Instead it uses gas permeable membranes capable of providing Oxygen directly to bacteria for aerobic biological processes, resulting in up to a fourfold energy saving with more compact, and lower cost infrastructure.
On receiving the award, Managing Director of OxyMem, Wayne Byrne said “We were delighted to have won the Energy and Environment category of this year’s Innovation Awards amongst very deserving entries. To win the overall Innovation of the Year award and be acknowledged by this highly respected industry award is a real honour for OxyMem.” Mr Byrne added “We have major plans to revolutionise the wastewater treatment market and are targeting a turnover of €50 million within the next five years. Receiving this award strengthens our position as pioneers in the water industry and in the attainment of an energy and carbon neutral wastewater treatment plant.”