Paragon Southwest Medical Waste, LLC
Deal Value
$4,000,000
Paragon Southwest Medical Waste (PSMW), which completed its second round of financing in November 2019, utilizes its patented CoronaLux™ technology to thermally destroy certain types of medical waste. This new financing will increase the capacity of PSMW's facility in Anahuac, Texas by over 100%, allowing the Company to meet the high demand for its services. The CoronaLux™ system employs a low-energy, plasma-enhanced, pyrolytic process to safely and reliably destroy hazardous, chemical, biological, pharmaceutical and regulated medical waste. It also significantly reduces harmful emissions associated with high-temperature thermal processes such as incineration and conventional hot plasma incineration. The result is a more efficient and sustainable destruction process, which is much cleaner, safer and environmentally friendly.