Make us your home page
Instagram

Today’s top headlines delivered to you daily.

(View our Privacy Policy)

Column: St. Petersburg company to turn air into water

Ever heard of anyone trying to mint money from thin air?

A fledgling St. Petersburg company is attempting just that.

Aqua Ventus says it has developed a process that converts air molecules into water — 20 gallons a day. The product resembles an oversized cooler that you would drag to the beach.

Its target market? Affluent people in the Southeast with portable or standby generators, says James Hill, founder and CEO. "They are cautious about securing power supply, so they would store water, too," Hill said.

The company is a spinoff of Marine Desalination System, a St. Petersburg business that does scientific research and development on desalting water. Hill is an MDS employee.

The Aqua Ventus water generator was inspired by water scarcity during times of natural disasters, such as hurricanes.

"It's an alternative to storing bottled water in the garage," Hill said.

The company says it uses an environmentally friendly refrigeration system to condense water from air. It plans a smaller version of the product, too. The company has yet to set a price.

The product is turning some heads. Aqua Ventus was the only Tampa Bay company accepted to present at the first early stage investor conference organized by the Florida Venture Forum in Orlando on Friday. More than 300 investors signed up for the event.

Robin Kovaleski, the forum's executive director, says the prospects are "very favorable'' for presenting companies this year.

"The angel groups have coalesced in the state and they are maturing," she said. "On top of that, the traditional investors are going out to get new funds, which gives them more flexibility to take risks."

Hill's goal is to raise $2.5-million. Only time will tell if it's tougher to make money appear from angels than water appear from air.

Madhusmita Bora can be reached at mbora@sptimes.com or (813) 225-3112.

Column: St. Petersburg company to turn air into water 05/16/08 [Last modified: Friday, May 16, 2008 10:49pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Jones: Bucs need success to get national respect

    Bucs

    Tampa Bay Times columnist Tom Jones offers up his Two Cents on the world of sports.

    No respect

    Tampa Bay Buccaneers head coach Dirk Koetter walks the field during the second day of mandatory minicamp at One Buccaneer Place in Tampa, Fla., on Wednesday, June 14, 2017. LOREN ELLIOTT   |   Times
  2. Hopes fade after landslide destroys Chinese village (w/video)

    World

    Crews searching through the night in the rubble left by a landslide that buried a mountain village under tons of soil and rocks in southwestern China found 15 bodies, but more than 110 more people remained missing.

    Vehicles and people line a road leading to the site of a landslide in Xinmo village in Mao County on Saturday in southwestern China’s Sichuan Province. More than 100 people remained missing after the village was buried under tons of rocks and soil.
  3. Rookie Jake Faria dissatisfied with performance in Rays' loss to Orioles

    The Heater

    ST. PETERSBURG — The rookie pitcher walked to his locker Saturday after tossing the fourth quality start in as many tries to begin his career. He held the potent Orioles bats to three runs and for six innings gave his team a chance to win.

    Orioles third baseman Manny Machado tags out the Rays’ Mallex Smith at third after a rundown in the first inning.
  4. Thousands converge in two St. Pete locations celebrating LGBT rights

    Human Interest

    ST. PETERSBURG — Tom Rockhill didn't know what to expect Saturday, but by noon people were knocking on the door of his bar Right Around the Corner in Grand Central.

    (From left to right) Emma Chalut 18, gets a rainbow sticker on her cheek from her sister Ellie, 15 both of Jacksonville before the annual St. Pete Pride parade in downtown St. Petersburg on Saturday. This year the route was changed from the Grand Central and Kenwood area to Bayshore Drive.
[EVE EDELHEIT   |   Times]
  5. Retired Florida Supreme Court Justice Parker Lee McDonald dies

    TALLAHASSEE — A former Florida Supreme Court justice, who wrote a decision that prevented lawyers from excluding jurors because of their race, has died.

    Former Florida Supreme Court Justice Parker Lee McDonald died Saturday, the court said in a statement. He was 93.