NEW YORK, NY and BUDAPEST, HUNGARY--(Marketwired - Jul 8, 2014) - Darholding and Pataki-Cahill Group announced today the signing of an agreement to jointly develop and commercialize the proprietary environmental remediation technology that was developed and patented by Darholding.
The technology developed in the Innovation Technology Laboratories of Darholding and of its sister companies, ThalesNano and ComInnex, is an extension of the microfluidics based platform owned and covered by the Darholding group. It has the potential to remediate harsh contaminants such as PCBs and similar toxic materials from soil and river sediments effectively and can be extended into fracking water treatment as well.
Under the terms of the agreement Pataki-Cahill Group will help establish US subsidiaries and develop partnerships for field validation and scale up of the technology to commercially viable systems.
"The Darholding group of companies has a long history of global success in developing novel disruptive technologies and transforming them to commercial application," said Governor Pataki, the principal of the Pataki-Cahill Group. "We look forward to expediting the development of this technology as well as demonstrating its ability to clean difficult to remediate sites. We believe that our combined efforts can really make a difference in this field."
"Darholding is proud to join forces with the Pataki-Cahill group that has a long history and track record in the field of expediting the development of environmental technologies," said Dr. Ferenc Darvas, President and Chairman of Darholding. "The Pataki-Cahill group has successfully commercialized technologies in other breakthrough areas such as waste water treatment. We believe that the green track record of the Group is a great assurance that we can succeed in developing breakthrough results in the next few years in this field."
About Darholding
Darholding is one of the largest upstream technology networks in the CEE region. The group's corporation's main focus is the development of disruptive innovative technologies and transforming them to commercial products and services in the field of microfludics based chemistry, nanotechnology and clean technology. The group companies include ThalesNano, the worldwide market leader in flow chemistry laboratory technologies, Druggability Technologies, a leading company in the field of nano drugs, ComInnex, a leading new molecule developer for drug discovery, Aromax, a natural product company with nanoized products and AgroThetis, focusing on nano agrochemicals. The innovation center of the group continues to develop further disruptive technologies that are licensed or are the basis for further spin-off creation.
About the Pataki-Cahill Group
The Pataki-Cahill Group, founded by former New York State Governor George E. Pataki and his former Chief of Staff John P. Cahill, is a specialized business development firm providing high-level strategic and tactical advice to companies in the energy, infrastructure, clean-tech, environmental and hard asset fields. The firm works with partners ranging from small start-up energy companies to global Fortune 50 companies seeking insight and access to new markets and opportunities.
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Richard Jones