Spun out of research conducted at the University of Memphis, Foundation Instruments, Inc. develops fully-automated chemical analyzers for the real-time monitoring of trihalomethanes (THMs) and haloacetic acids (HAAs) in drinking water treatment plants and distribution systems. The company's technology is designed to enable personnel of drinking water treatment plants cost effectively to improve treatment practices; reduce trihalomethanes and haloacetic acids, which are EPA-regulated carcinogenic by-products of chlorination in drinking water.