The world’s first

fouling-immune
membranes
Creating clean water and boosting profitability
in essential industries

October 2023
We’re consuming our clean, “conventional” water
resources to depletion

Conventional Resources Unconventional Resources

© 2023 ZwitterCo | Confidential 2

 Colorado
River Basin
Reservoirs
Year 2000:
95% Capacity

Year 2022:
< 30% Capacity

https://jpia.princeton.edu/news/seven-states-vye-water-
© 2023 ZwitterCo | Confidential colorado-river-crisis-american-west 3
“
1. Global freshwater demand will exceed supply 40% by 2030.
2. Water scarcity will be the biggest climate-related threat to
corporate assets like factories within the next few decades…
but it seems to have barely registered on investors’ radar.
Membranes are the workhorses of our clean water

Applications Include:
• Drinking water
• Seawater desalination
• Surface water / groundwater
purification
• Industrial or municipal wastewater
treatment
• Industrial process water (i.e.,
boilers, cooling towers, sanitation)

5
Membranes purify water of many different
contaminants across a vast array of industries

Agriculture Micro- Food & Bev Drinking Seawater Cooling Boiler Biopharma / Chemical Textiles
electronics Water Desal Towers Feed Biotech Refineries

6
Traditional membranes are expensive to use in
unconventional water due to fouling (i.e., clogging)

• Organic
Contaminants

• Industrial
Byproducts

© 2023 ZwitterCo | Confidential 7

The world’s first fouling-
immune membrane
© 2023 ZwitterCo | Confidential 8
Our membranes last for years in streams that ruin
traditional membranes in hours or days

• Can process 10,000x higher organic loading than

traditional membranes
• Full performance recovery upon cleaning
• Fastest and least expensive cleaning in the industry
• Standard-dimension modules that conform to normal
operational and engineering guidelines

Membrane water flush after filtering

poultry wastewater for 24 hours

© 2023 ZwitterCo | Confidential 9

Culminating 40+ years of material science
breakthroughs
Traditional ZwitterCo
Membranes Membranes
Legacy membrane Self-assembling
chemistry zwitterionic chemistry

1990 2010
1970 2013 Founded 2018

Polymer First
self-assembly self-assembled
research membranes

Zwitterionic Early zwitterionic

research membrane coatings

© 2023 ZwitterCo | Confidential 10

Zwitterionic membranes attract water and repel organics
to prevent fouling
Organic molecule
fat, oil, grease, protein

Water Molecules

Zwitterionic
copolymer
membrane layer

Zwitterionic
pore channel

© 2023 ZwitterCo | Confidential 11

We treat previously unfilterable streams to create new
revenue streams from waste

Dairy Wastewater Manure Digestate

Bioprocess Animal
Protein Feed

Manure Organic
Nutrients Fertilizer
Poultry Wastewater Landfill Leachate

Dairy Fats Renewable

and Oils Biogas

© 2023 ZwitterCo | Confidential 12

Our focus is on distressed segments within the established membrane
market + novel opportunities to expand the membrane market

New Membrane Processes (NMP):

Global Water and
• Non-standard applications for membranes
Wastewater Market
• Estimated 16% ($64B/Year TAM) of the global water / wastewater market where price of water
$300B-$500B/year >$12/kgal and high-purity treatment for reuse or discharge is an environmental or regulatory priority
7.5% CAGR
• Requires new equipment; complexity dependent project-specific requirements
Examples: food and beverage wastewater reuse, nutrient recovery in digestate, industrial Minimum or
New Membrane Zero Liquid Discharge (MLD/ZLD)
Process Market

$64B/year Established Membrane Processes (EMP):

• Standard applications for membranes
Established • Plug & play sales process (no new equipment or significant process changes required)
Membrane Distressed EMP (30%; $3B TAM): High and/or unpredictable operating costs due to water complexity
Market
Examples: fouling-prone surface water purification for boilers or cooling, industrial wastewater polishing,
heavy algal load in desalination, whey processing
$10B/year
10% CAGR Conventional EMP (70%; $7B TAM): Low and/or well-understood operating costs and complexity
Examples: municipal drinking water, municipal MBR, groundwater purification, seawater desalination,
simple surface waters

© 2023 ZwitterCo | Confidential 13

Largest manure digester in
North America
Brown County Organics (WI)
Site Facts:
900,000 Gallons of manure per day
1.6 MMBtu of renewable natural gas produced per day

Customer Results:
Generates >400,000 gallons/day of clean water
Concentrated nutrients sold as fertilizer to local farms
Reduce wastewater OPEX by 50%

ZwitterCo Results:
$1m commercial order
Flagship project with Mott Corporation; led to $70m
projected partnership for digestate treatment

© 2023 ZwitterCo | Confidential 14

In 2023, ZwitterCo and Mott signed a projected $70m 7-year partnership to
bring water reuse and nutrient recovery solutions to the digestate industry

“
In 2024, growing our digestate business and ensuring
repeat customer success is the #1 priority for Mott
Corporation. Our relationship with ZwitterCo is
Pat Hill
VP & GM Process Systems
Business
fundamental to that goal. Mott Corporation

“
Boris Levin
Chairman and CEO
Mott Corporation I love these products. I have used – and abused – ZwitterCo’s
membranes in digestate, dairy wastewater, and leachate
applications. These membranes are consistent and reliable –
a huge help to my team as we balance multiple technologies
in series to solve our overall filtration challenges.

© 2023 ZwitterCo | Confidential 15

Novel protein bioprocessor
(USA) Startup 2024
Site Facts:
>1M gallons/day of wastewater
Only option was a 2-acre biological treatment with no water
reuse or waste valorization

Customer Results:
Reuses ~1M gallons/day of water ($2m/year savings)
Concentrate to be sold as animal feedstock ($5m/year)
1/10th floor space of next competitive technology

ZwitterCo Results:
$2.5m commercial order + $5.5m subscription
Evaluating 2nd plant in Asia

© 2023 ZwitterCo | Confidential 16

ZwitterCo
Technology
Innovation
Center (TIC)
• 30,000 sqft tech development
and scale-up facility
• 10x faster product development
cycles
• Innovation not limited by
capabilities of 3rd party suppliers
• Fully qualify manufacturing
process and quality program
• Backstop to external supply
chain
World-class leadership in water and deep tech
Alex Rappaport Chris Drover Chris Ling
CEO & Co-Founder CTO & Co-Founder CFO
• 6 years in industrial water • 15 years in industrial water • 25 years in corporate finance
• Forbes 30 under 30; Boston • Former R&D manager at (HP, Xerox), strategy (BCG), &
Business 40 under 40 Oasys Water Advisory / M&A (KPMG)
• Former CFO of Veo Robotics

Jeni Rehder Peter Ingarra Jon Goodman

VP Operations VP Sales VP Product Mgmt.
(Established Membrane Processes)
• 30 years in membrane mfg. • 20 years in membranes
• Former site leader at • Former Commercial • 30 years in membranes
Dupont’s Edina facility Director at Dupont • Former Global Commercial
Director at Mann+Hummel

Christy Harner Sean Carey

VP Marketing VP Product Mgmt.
Communications (New Membrane Processes)

• 20 years in industrial B2B • 25 years in product mgmt.

marketing. and commercial leadership
• 3x exited startup founder • Entegris, Cytiva, Thermo
Fisher, GE Healthcare

© 2023 ZwitterCo | Confidential 18

About ZwitterCo
We founded ZwitterCo to help industrial companies recover valuable
products, reuse wastewater, and exceed sustainability goals.

BY THE NUMBERS TEAM RECOGNITION

gallons per day of 60 water & membrane
6M+ treatment capacity
delivered
technology experts from:
Dupont, Koch, Hydranautics,
2023 Breakthrough Water
Technology Company of
Mann+Hummel, Pall, Veolia the Year (link)

commercial
> 20 projects sold or
booked
OFFICES
ZwitterCo Launches
Innovation Center (link)

12
ZwitterCo Industrial
licensed or Innovation Center (HQ) Wastewater Reuse (link)
owned patents Woburn, MA

Field Office
$46M total funding West Monroe, LA

© 2023 ZwitterCo | Confidential 19

Thank you
[email protected]
Alex Rappaport +1 301-442-5662
Chief Executive Officer 12 Cabot Road, Suite B,
Woburn, MA 01801