KARACHI: The National Bank of Pakistan (NBP) and EveryWater, a Pakistani innovative startup signed an agreement, under which the NBP will extend financing to enable this Pakistani startup formed by young chemical engineers to go to market with its innovative water purification solution, a statement said on Tuesday.
EveryWater was founded by, Shayan Sohail, Usama Tanweer, and Arslan Ahmed, bright young graduates of the University of Engineering and Technology Lahore, it added.
At EveryWater, they invented a unique polymer technology, that they named “Esoterik Resistive Membrane”, also known as intrinsically biofilm resistant membrane.
EW has patent coverage across 82 geographies around the world for its ERM.
It has designed and tested sustainable and affordable water purification solutions suited for the individual, household, community, agriculture, and industrial use, the statement said.
EW products enable off-grid water purification for years without the need to replace devices or membranes.
It has succeeded in bringing down the cost of clean sweet raw water for domestic users to Rs20/100 litres, and cleaning brackish water to Rs40/100 litres, it added.
The image shows a tyre manufacturing unit. — AFP/FileKARACHI: Service Industries Limited has announced an investment...
The State Life Insurance Corporation of Pakistan building in Karachi. — Statelife website/FileKARACHI: The State...
MOU signing ceremony between Pakistan China Joint Chamber of Commerce and Industry and University of Home Economics,...
A representational image of gold bangles. — AFP/FileKARACHI: Gold prices in the local market dropped by Rs1,200 per...
Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. — ReutersHong Kong:...
Pakistan currency notes can be seen in this image.—AFP/FileLAHORE: Coming budget would be challenging for both the...