What We Do
MMF will sell all or a portion of its treatment & energy systems to its clientele which include municipalities, wastewater treatment authorities, governmental agencies, residential and commercial property developers. MMF first works with its clients to determine their specific needs and surveys their existing facilities or project construction plans. Once the treatment objectives are well understood, MMF will prepare a proposal for its clientele’s review. After desired adjustments are made to the supply scope and commercial terms are agreed to, MMF then proceeds to execute the project. For some projects,
MMF will self perform all required engineering, construction, and commissioning activities. For other projects, MMF’s design will be incorporated into a larger project scope involving other engineering firms and third party construction contractors. In this case, MMF works with the larger project team to carefully define the project interface requirements for scope of responsibility, controls, hydraulic logic, and MMF system phase-in procedures. Our experience with integrating MMF’s Process into existing facilities has been invaluable for properly anticipating and designing for these interface and operational phase-in issues.
In addition to MMF Process sales, MMF can work with municipalities to use operating and financial partners to provide system financing and privatized operations, if desired by the client. As part of this offering, MMF can also arrange for Build, Own and Operate (BOO) transactions so the client can pay for wastewater treatment services on an ongoing basis rather than as an up front capital commitment. This approach can also apply to on-site production of renewable energy to help offset client electricity and energy demands.
MMF has put together an outstanding multi-disciplined management team drawing from the wastewater treatment, information management, renewable energy, engineering, and finance and accounting sectors. MMF believes this rich diversity in backgrounds allows us to remain innovative, yet keep our client-based focus as a company.
Management Team Bios
- Ken Stedman, President and Chief Technical Officer
- Ken Stedman, Chairman of the Board and founder of MicroMedia Filtration, Inc., has spent over 15 years in the water industry, first as a hydraulics consultant and then designer of water systems for artificial lakes and water treatment facilities. Mr. Stedman is an expert in the field of water treatment methods and has designed and installed numerous water filtration systems throughout the United States as well as Europe and Australia. Water systems installed by Mr. Stedman include small, single filter installations processing 50,000 gallons per day to large, desalination pre-treatment systems processing 50 million gallons per day.
Mr. Stedman has authored patent applications for the use of Ozone, as well as the automation of filtration systems for both surface and waste water. Mr. Stedman has been retained as an authority in water system filtration in the United States to testify on the defects and corrections of water filtration systems installed by others. Mr. Stedman is a member of the International Ozone Association and the American Society of Plumbing Engineers.
- Yolanda Stedman, Director of Human Resources
- Yolanda Stedman is co-founder and Human Resources Director of MicroMedia Filtration, Inc. Yolanda has contributed to the MicroMedia Filtration, Inc. team since inception in partnership with Ken Stedman her spouse and the founder of MicroMedia. She has over 25 years of solid experience performing in all areas of the human resources discipline. Her experience has been with corporations such as Reuters, Citibank, Quotron Systems, Inc. and PeopleWare Technical Resources, Inc. She is a long-standing member of the Society for Human Resource Management (SHRM) and Professionals in Human Resources Association (PIHRA). She possesses professional certifications in Human Resources from Loyola Marymount University, UCLA and Phoenix University.
- Mark Franzen, Chief Financial Officer
- Mark Franzen has more than 30 years of experience in top-level accounting and corporate finance assignments for a wide variety of companies.
Most recently, he was President of Franzen Business Consulting which provides financial and business consulting to public and private companies. Serving in this capacity, he assisted American Mold Guard in the Initial Public Offering in May, 2006, assisted in the $10 million financing for a software company, completed a registration statement for an oil production company and assisted numerous companies with their SEC filings.
Prior to his consulting practice, he was the CFO of MTI Technology. Within three quarters of his joining the Company, he assisted the Company in reducing operating expenses by 60%, achieving positive cash flow, restored the Company to profitability and its stock price had the 36th largest increase of 3,800 Micro Cap companies.
He has been the CFO of several venture-backed companies including Y Media, Evolve Products, Storage Concepts, Calios, UniStructure, Digital Sound and Computers International during which time he managed equity infusions in excess of $100 million and established bank and capital lease lines in excess of $80 million. In 1993, Mark was CFO for Level One Communications, where he managed the IPO process and completed a $45 million IPO in August 1993. From 1980 to 1983, Mark was Executive Vice President of Finance of Micro Peripherals, where he managed equity infusions of $24 million and negotiated the $95 million sale of the company. From 1967 to 1975 he was a senior audit manager of Price Waterhouse. Mark received a B.S degree in Business Administration with an Accounting major in 1967 from California State University at Northridge. He is a certified public accountant.
- Gerhard Forstner, Chief Executive Officer
- Mr. Forstner is a highly successful wastewater executive, and has held high level corporate management positions. Most recently, Mr. Forstner was President of North America for Huber Technology, Inc., a leader in the field of wastewater solutions with $150 million in annual revenue. Mr. Forstner’s extensive engineering and sales experience uniquely qualifies him to lead MMF at this juncture of the Company’s growth.
Mr. Forstner was born in Salzburg, Austria and grew up in the central province of Styria, where he graduated with a B.S in EE from the Technical College of Engineering in Kapfenberg. Mr. Forstner also holds a M.B.A from the McColl Scholl of Business from Queens University in Charlotte, NC.
- Scott Noll, Director, Renewable Energy
- Scott A. Noll has 27 years of experience in the development, financing, and ownership of large and complex project financed facilities, including independent power projects. He also has broad expertise in the siting, permitting and licensing of such facilities, and in their P&L management and operation.
Prior to joining MicroMedia Filtration to manage its wastewater energy recovery activities, Mr. Noll provided project development consulting services for a number of firms in the areas of landfill methane expansion, dairy anaerobic digesters, a fuel cell project, a series of ultra-high temperature gasification projects, an MSW processing technology to produce a sterile energy feedstock, and technical consulting services to a law firm with respect to a technology licensing arbitration.
From 2005 to 2007 Mr. Noll served as Chief Operating Officer of Earthanol, Inc., a venture capital funded company pursuing development of fuel-grade ethanol projects from cheese whey produced as a byproduct from the hard cheese-making process. Prior to Earthanol, he was Vice President, Development, of Newport Generation Ventures, where he led the development and permitting of an $850 million, 1,300-megawatt power plant. Before Newport Generation Ventures, Mr. Noll was the General Manager Asset Development for ThermoEcotek Corporation, leading the development, including licensing, of a 1,054 megawatt power plant expansion in San Bernardino County, California. From 1991 to 1998, Mr. Noll held a number of senior management positions with LG&E Power, Inc. As LG&E’s Senior Vice President, Operations, he was responsible for the management of twelve coal, wood waste, natural gas and wind energy assets.
Mr. Noll began his career as a Staff Economist at Los Alamos National Laboratory, and was a Fellow in the Center for Energy Policy Research at Resources for the Future in Washington, D.C. He received his BA in Economics from The Colorado College and Ph.D. in Resource Economics from The University of New Mexico.
- Patrick Carnie, Engineering Manager
- Patrick Carnie has a long record of experience and performance in management, engineering, treatment plant design and project management. His background includes process engineering in the glass manufacturing business, project engineering and management in municipal water treatment and engineering management. He currently is the Engineering Manager with MicroMedia Filtration where he is in charge of new plant and equipment design as well as involved with conceptual design and sales support.
Patrick was previously engineering manager with Layne Christensen Company’s water treatment division responsible for engineering design activities on systems to remove arsenic, nitrate, iron, manganese, uranium, and perchlorate. He supervised AutoCad designers, was responsible for allocating personnel resources and for performing technical training. Prior to that, Patrick was an environmental engineer for AFG Industries at their float glass manufacturing facility in Victorville, CA. He served as the process engineer for the continuous pollution control equipment, was in charge of air, storm water and discharge water regulatory compliance, hazardous waste management, capital improvement design engineering, and management of maintenance and production technicians.
Patrick served as a combat medical specialist in the US Army Reserves, including a tour of duty in the Persian Gulf War. Patrick received his BS in Chemical Engineering from the University of Idaho and is a California registered professional engineer.
Outside Board of Directors
- F. Henry Habicht II, Managing Partner, Sail Venture Partners
- Hank joined SAIL in January 2006 as a pioneering figure in the areas of environmental business and policy and a leading contributor to environmental innovation. He is a key member of SAIL's Management Team and has been influential in spearheading many of SAIL's portfolio company investments.
His career as a leading member of the environmental policy world has included leadership positions at the U.S. Department of Justice as Assistant Attorney General in charge of the Environment and Natural Resources Division, and at the U.S. EPA as COO (Deputy Administrator). During his time with the EPA he oversaw the development of new air and water programs to prevent pollution, including the development of the Energy Star program and implementation of market based trading programs under the 1990 Clean Air Act amendments.
In business, Hank served as Senior VP in charge of acquisitions and other divisions of Safety-Kleen, a billion-dollar environmental service company. He has also held positions and started ventures in the for-profit environmental arena, including VP of William D. Ruckelshaus Associates, which co-managed the successful Environmental Venture Fund, one of the first successful green funds in the 1980s. As Co-Founder of Capital E, LLC, a strategic consultancy for emerging renewable energy products and technologies, he advised Fortune 100 and early stage ventures on sustainable growth strategies. He previously served as CEO and is now Vice Chairman of a prestigious non-for-profit corporation that fosters innovation in environmental management and promotes applications of clean technology in emerging markets, called Global Environment & Technology Foundation (GETF.)
Hank has held numerous Board seats over the years. Currently he sits on the Boards of SAIL companies WaterHealth International, Xtreme Power and MicroMedia Filtration, and is a Co-Founder of the American Council of Renewable Energy. He is Commissioner of the National Commission on Energy Policy and has advised several Cabinet Secretaries. He is on the Advisory Board to the National Renewable Energy Lab and the Pacific Northwest National Lab. In 1991 the EPA awarded him with the esteemed Total Quality Leadership Award and in 2009 he received the national Richard Mellon Award for Environmental Stewardship. Hank holds a Bachelors degree with High Honors from Princeton University and a J.D. from the University of Virginia.
- David B. Jones, Managing Partner, SAIL Venture Partners
- David is a seasoned venture capitalist who translates this experience into added value for SAIL’s portfolio companies. His long history of experience in financial services, specifically leading and managing private equity and venture capital companies, makes him an important part of the SAIL team. He is currently a Director at two of SAIL’s portfolio companies, CNS Response, a medically focused cleantech company which helps more accurately diagnose psychiatric patients, and MicroMedia Filtration, a supplier of advanced wastewater treatment and energy recovery systems.
Prior to joining SAIL, he held leadership positions with several prominent organizations, including GFG Global Financial Group as Managing Director of this $500 Million fund of funds, Interven Partners as General Partner of this $51 Million venture capital partnership based on the West Coast, and First Interstate Capital as President & CEO of this private equity subsidiary of First Interstate Bancorp with approximately $200 Million under management. Throughout his career he has also had extensive cleantech experience. These include working with energy efficient architectural subsystems used in solar energy arrays, water treatment and transmission equipment and production of totally “natural” beef without hormones or antibiotics, to name a few.
Dave has participated in multiple facets of the National Association of Small Business Investment companies, including the Board of Governors for 10 years, the Executive Committee and as Chairman in 1987. He received an AB from Dartmouth College, an MBA & JD from the University of Southern California, where he was Managing Editor of the Southern California Law Review.
Technical Advisory Board
MMF currently is in the process of forming its technical advisory board, which will be posted at a later date.