Purifloh (ASX:PO3) – a microcap stock which has been suspended since 2023 – has today announced “encouraging results” in removing PFAS chemicals from contaminated water samples.
According to Purifloh, the company was able to eliminate PFAS chemicals to below detectable levels in water samples after “some minutes.”
While the company is staying relatively vague on what exactly its methodology is, the claims come charged with a unique value proposition.
PFAS stands for Per- and Polyfluorinated Substances, which typically contaminate groundwater where areas have been subjec to the use of historical firefighting foams used on-site civil and military airports.
However, PFAS chemicals are also in non-stick pans and other household items. As the company noted on Tuesday, media awareness of the problem is growing.
PFAS chemicals are sometimes referred to as “forever chemicals,” given that they do not break down in the environment for thousands of years and persist in human bloodstreams when ingested.
Purifloh will team up with SA-based Osmoflo in the coming weeks and months to conduct a pilot test, assessing the efficacy of Purifloh’s PFAS destruction technologies, which the company patents.
“The further enhancement of the environmental and human safety profile provides confidence that our PFAS decontaminating solutions could be commissioned within a short period of time, generating revenue faster than originally envisaged,” Purifloh technical director Dr. Alex Sava said.
The biggest potential revenue-maker for the company, should its tech prove beneficial, could be the Australian government itself.
Canberra has had a PFAS taskforce established for some time now, which was ramped up when Indigenous communities in the top end were found to have higher than average concentrations in blood tests.
The problem is also international, and chemical maker 3M has been wrangling with lawsuits over PFAS manufacturing for quite some time.
PO3 last traded at 22cps, but is currently suspended.