Fluitec, a rapidly growing clean technology company that increases the availability and reliability of industrial rotating equipment through condition monitoring and contamination control, was selected to present at the upcoming Cleantech Forum in New York on October 11-13. The Cleantech Forum New York is an influential event that identifies new opportunities and pitfalls with emerging Cleantech investments.
Fluitec also presented at the Cleantech Forum Paris event earlier in the year and was recognized as a top Cleantech company. The company was also notified that it is on the list of the top 200 private Cleantech companies in the world. In addition to the company being selected as a key presenting company, Fluitec CEO Frank Magnotti also was selected to be an opening panelist.
Magnotti's previous company has had success at the Cleantech Forum when Comverge, the company that he founded in 1997, won "Cleantech's Emerging Enterprise of the Year" in 2004. That company went public three years later and has had valuations in excess of $750 million.
Fluitec is a privately held venture-backed company with Cinmar BV and Sopon SA as lead investors. It provides leading edge technologies and knowledge to customers in more than 35 countries to realize optimum reliability and productivity of their lubricating assets. Although Fluitec's products span a wide range of industries, their largest customer base is in power generation market. Fluitec has developed several patented and patent-pending technologies to monitor and maintain industrial lubricants. One of its flagship condition monitoring products, the RULER, is a patented technology to determine the remaining useful life of lubricants. It also has developed the industry's leading lubricant varnish mitigation technology which is used at power generation facilities around the world; a patent-pending process referred to as Electrophysical Separation Process.