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Neohydro Technologies Corporation Awarded "Most Promising Energy & Clean Technology Company" at Rice Alliance Energy & Clean Technology Venture Forum

Posted on: Monday, 13 October 2008, 09:00 CDT

Neohydro Technologies Corp. (OTCBB:NHYT) was named one of the top ten most promising Energy & Clean Technology companies at the 6th Annual Rice Alliance for Technology & Entrepreneurship Energy & Clean Technology Venture Forum in Houston. Energy & Clean Technology companies showcased their new ventures for an audience of more than 600 attendees, including investors, venture capitalists, industry representatives, business leaders, advisors/mentors, service providers, and entrepreneurs.

Neohydro Technologies Corp. has developed a mobile water sterilization technology which uses a proprietary high-voltage electrolysis device that transforms water. The technology allows us to transform the way water is used in industrial and agricultural applications as well as in non-traditional applications. Neohydro can transform water into a safe and powerful sterilant for use in the medical industry. Water re-use is a fast-growing sector in many different industries.

On the surface, these applications seem unrelated, but due to unique properties of the technology, it is able to change the nature of the water itself. "Dirty" water, collected during oil and gas drilling, becomes usable for many industrial and agricultural applications, including irrigation. "Clean" water, becomes a sterilant capable of killing the most harmful of pathogens.

Neohydro's proprietary technology uses only DC current and the waste water itself to naturally oxidize and kill all bacteria, virus, fungi, mold, BOD's and COD's. Perchlorates, arsenic, most metals, and all gases are neutralized during the sterilization process.

Dean Themy, CEO of Neohydro states, "I am very honored and pleased that our company has been recognized by such a prestigious group of individuals and corporations. Rice University is well-known as a top entrepreneurial university. Most recently, the Princeton Review named Rice University among the top schools in America for development of entrepreneurial companies. The audience included several CEO's of fortune 100 companies, some of the finest venture firms, and many academics from around the world. This recognition further propels Neohydro by endorsing our technology and business plan."

The one-day event culminated in an announcement of the Most Promising Energy & Clean Companies chosen from nearly 60 competitors and judged by the Rice Alliance Information Technology Advisory Board, based on the companies' elevator pitch presentations. The exercise simulates meeting an investor on an elevator and having only 90 seconds to convince them to invest in your company.

Rice Alliance Managing Director Brad Burke, announced the winners of the Most Promising Energy & Clean Technology Company awards at the event. "Every year the quality of companies improves. Many of the companies at this year's event have developed prototypes, obtained proven results and are on their second round of funding. This makes them more appealing to investors, who have also expressed appreciation for the quality of the companies."

The Forum was supported by Chevron Technology Ventures, Locke, Lord, Bissell & Liddell, Shell, Kenda Capital, British Consulate General - Houston, UK Trade & Investment, UK Science & Technology, Huron Consulting Group, Applied Ventures, Canada Consulate General, Winstead, Leyendecker & Associates, with supporting organizations Greater Houston Partnership, Houston Technology Center, and Opportunity Houston and media sponsors Houston Business Journal and the BusinessMakers Radio Show.

Further information on the Company can be found at www.sec.gov and the company's website at www.neohydrotech.com

Safe Harbor Statement

Statements in this press release regarding Neohydro Technologies' products, services, capabilities, performance, opportunities, development and business outlook that are forward-looking involve and are subject to known and unknown risks, uncertainties and other factors, some of which are beyond Neohydro Technologies' control and difficult to predict, and could cause actual results to differ materially from those anticipated, expressed or forecasted in the forward-looking statements. Such risks and uncertainties may include, but are not limited to: lack of operating history, transitioning from a development company to an operating company, difficulties in distinguishing Neohydro Technologies' products and services, ability to manufacture and deploy Neohydro Technologies' products, lack of or delay in market acceptance and fluctuations in customer demand, dependence on a limited number of significant customers, reliance on third party vendors and strategic partners, availability of raw materials, subassemblies and components, ability to meet future capital requirements on acceptable terms, continuing uncertainty in the emissions reduction industry and the global economy, compliance with federal and state regulatory requirements, timing, availability and success of new technology and product introductions and the other factors discussed in Neohydro Technologies' filings with the Securities and Exchange Commission.

Source: Business Wire

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