WINDSOR, Vt. (AP) - Former employees of Seldon Technologies say the water purification developer has abruptly ceased operations, leaving all 32 workers at its Windsor plant without jobs.
The Valley News reports (https://bit.ly/1KPH8sj ) a representative from the company’s board of directors informed employees Monday that Seldon was unable to secure enough funding to continue.
Windsor Town Manager Tom Marsh said he was aware the company was dealing with financing issues.
Seldon, founded in 2002, manufactured water filtration products that utilized nanotechnology to eliminate contaminants such as bacteria and viruses. The idea behind the company was the brainchild of a former Dartmouth College graduate student.
Seldon was awarded a $20 million contract to provide purification devices to schools in Mexico earlier this summer. The status of the agreement is unknown at this time.
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Information from: Lebanon Valley News, https://www.vnews.com
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