CLEVELAND, Nov. 5, 2013 /PRNewswire/ -- Catacel Corporation (catacel.com), a rapidly growing high performance catalyst manufacturer, welcomed the community, investors and clients to tour its new, Ravenna, Ohio-based plant and technology center on November 1. The expansive facilities allow the company to increase its manufacturing capacity while continuing to innovate within its field.
"Advanced technology companies across the state are hard at work solving tough energy and environmental problems," Bill Hagstrand, NorTech's Director of Cluster Acceleration, said to the crowd. "Catacel, with its cutting-edge technology and product base in advanced energy and hydrogen production, is becoming a significant contributor to the global advanced energy industry."
The company's annual growth rate has exceeded 50% over the past three years. "In the past year, Catacel has been adding equipment and employees to keep up with customer demand," says Catacel CEO J. Gary McDaniel, noting that the new plant enables the company to grow "tenfold and beyond" in coming years. "The facility not only reflects our growth, but ensures we can make things happen quickly for our global customer base, adapting and evolving our work as the need and opportunity arises."
Catacel's novel products reduce the fuel used in a wide range of high-temperature chemical reactions, enabling these energy-intensive reactions to occur much more economically. Additionally, the company's technology helps make existing equipment more efficient, and enables new systems to be smaller and more cost-effective. "Our customers—who come primarily from the fuel cell, petro-energy, and industrial gas industries—are able to save significant money while boosting their production," says Catacel Director of Sales Don Lensner.
The expansion of a technology center gives the company the ability to bolster its roster of patents and its intellectual property base. "This state-of-the-art facility positions the company to be at the forefront of solving the world's energy and emission problems," says McDaniel.
CATACEL Catacel's structured catalytic materials drive high-performance, low cost reactor solutions by combining catalysts with heat transfer functions, enabling breakthroughs in production and energy efficiency. For today's fuel cell, hydrogen production, gas-to-liquid and numerous other industries, our technology creates high-performance reactions that are more energy efficient, or can take place in more compact reactors than alternatives. In other situations, the reactors enable standard designs to achieve higher production rates. For more information, visit www.catacel.com.
JUMPSTART INC. JumpStart has been accelerating the successes of diverse entrepreneurs, their companies, and the ecosystems supporting to spark economic growth and job creation in Northeast Ohio since 2004. JumpStart has provided intensive business assistance to more than 450 entrepreneurial clients and invested in 76 early stage Northeast Ohio companies, including Catacel Corporation. To learn more, visit www.jumpstartinc.org or follow @JumpStartInc on Twitter.
SOURCE Catacel Corporation