zouk Leads €10M Financing Round in Triton-Format AG, a Leading Water Solutions Company, to Fund Further Organic Growth and Continue Its Successful Buy-and-Build Strategy

HAMBURG, Germany--(Business Wire)--
Triton Format AG ("Triton"), a leading water solutions company, today announces
the completion of a EUR 10.4 million round of financing to fund further organic
growth and continue its successful buy-and-build strategy. The round was led by
zouk ventures ltd ("zouk"), a European cleantech investor, and was joined by
Meidlinger Partners, LLC ("Meidlinger"), a US based investor with a strong
background in the water industry, and by senior management.

Triton is a leading provider of water solutions for the maritime, industrial and
small municipal sectors. The company designs, assembles and installs water
treatment modules ranging from low-energy desalination, to water management and
waste water systems. Triton`s best-of-breed technologies help customers improve
the economics and efficiency of core industrial production processes, and comply
with tightening environmental constraints in increasingly water distressed
areas. With its recent acquisitions in the maritime and industrial sectors,
Triton has established an integrated water technology platform aimed at serving
its customers across the entire water cycle. Triton serves clients in Europe,
the Middle East, the USA and China.

In conjunction with this investment, Triton also announces the appointment of
Dr. Hartmut Kacirek, CEO of the Triton subsidiary WAT GmbH, to Triton`s
executive management team as Chief Technical Officer (CTO). In addition,
Professor Alexander Zehnder and Felix von Schubert will join the company`s
Supervisory Board. Professor Zehnder is a globally recognized water expert with
decades of academic and applied experience in the water sector. He is also a
member of zouk`s cleantech Industry Advisory Group. Felix von Schubert is a
Partner at zouk.

Dr. Kacirek and Dr. Thomas Zubke-von Thünen, members of Triton`s executive
management team, commented: "We are delighted with the commitment from our new
investors and are keen to leverage their experience in building a world-class
water company. This funding round will enable us to continue our buy-and-build
strategy and become a leader in the fragmented water market."

"Triton is a very exciting addition to zouk`s cleantech portfolio," said Felix
von Schubert. "zouk invested in Triton because we see significant growth
potential for small and medium-sized water treatment and water efficiency
systems. Triton has the right scalable platform to tackle a large underlying
market. This is an impressive company and we look forward to working closely
with the team."

Professor Zehnder said: "Triton combines a highly valuable set of technical
capabilities that clearly addresses customer needs in multiple industries. From
what I have seen in the water space, this company clearly stands out has having
a unique and promising growth strategy."

"Triton presents an exciting opportunity in the water sector, and we are pleased
to partner with zouk, a leading European cleantech investor, in this
investment," said Kevin Brophy, partner at Meidlinger. "We look forward to
actively supporting Triton`s international expansion efforts, especially since
Triton's strategy aligns perfectly with our mission to promote a more
sustainable environment and economy."

Notes to editors:

About Triton Format

Founded in 1851, Triton-Format AG is a German water technology and solutions
firm based in Norderstedt/Hamburg. The company has established a strong brand in
the maritime sector and has recently expanded its capabilities to land-based
applications. Today, Triton serves a diversified group of customers in the
maritime and industrial sectors as well as small communities and resorts.
Hallmark projects include sustainable solutions developed for Airbus Industries,
SeaCloud Cruises and SiC Processing. For more information please visit
www.triton-format.com

About zouk ventures

Founded in 1999, zouk ventures is a London based investment manager focusing on
expansion stage capital in cleantech markets as well as renewable and
environmental infrastructure opportunities. zouk currently manages two
technology funds and invests in solar infrastructure projects through zouk Solar
Opportunities Ltd. zouk has been a leading investor in the carbon market for
over nine years and is a founding member of the Cleantech Venture Network in
Europe. For more information please visit www.zouk.com

About Meidlinger Partners

Founded in 2008, Meidlinger Partners, LLC is a Philadelphia based private equity
investment firm dedicated to capitalizing businesses that will make a meaningful
contribution towards a more sustainable environment and economy. With expertise
in the water and cleantech sectors, Meidlinger`s first fund, the Meidlinger
Partners Sustainable Investments, LP, invests in and partners with businesses
that are positioned to provide real solutions to the world`s growing water,
energy and environmental challenges. For more information please visit
www.meidlingerpartners.net

Triton-Format
Dr. Thomas Zubke-von Thünen
+49 40 413 6155 53
or
zouk ventures
Felix von Schubert
+44 20 7947 3400
or
Meidlinger Partners
Kevin M. Brophy
+1 610 551 7688

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