Fluitec Wins Most Promising Innovation Award at Cleantech Forum

Oct 18, 2010, 13:13 ET from Fluitec

NEW YORK, Oct. 18 /PRNewswire/ -- Fluitec won the "Most Promising Innovation" award at the Cleantech Forum in New York on October 12, 2010. They were chosen among the 15 entrepreneurial companies that were selected to present at the conference.

"The Most Promising Innovation award is granted to the Entrepreneur Showcase company that the audience thinks is the best investment opportunity," said Sheerza Haji, President of the Cleantech Group. "Past winners of this award have been greatly successful in raising capital and developing products, and we are thrilled to see that Fluitec won this year. Big congratulations to the entire Fluitec team!"

"This is a prestigious award which acknowledged our high value offering to our customers and the exciting future that lies ahead for us," claimed Frank Magnotti, Fluitec's CEO. "It is particularly humbling to win in light of the other world class companies that presented, most of whom presented game-changing technologies."

Magnotti also participated in an expert panel to kick-off the Cleantech Forum. Former Governor Pataki interviewed the panel on the challenges of funding for new Cleantech companies.

Fluitec was also selected as one of the Top 200 Global Cleantech companies of the year. The expert panel evaluated 3,138 companies around the world in virtually every aspect of the rapidly growing Cleantech space.

About Fluitec International

Fluitec International is a privately-held venture-backed company with Dutch Cinmar BV and Belgian Sopon SA as lead investors. It provides customers in over 35 countries leading edge technologies and knowledge 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 their flagship condition monitoring products, the RULER™, is a patented technology to determine the remaining useful life of lubricants. They have also 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™.

Fluitec International can be found online at www.fluitec.com.

Contact: Valerie Smith, v.smith@fluitec.com, +1.888.557.9575 x110 or Hilde Verduyckt, h.verduyckt@fluitec.com, +32 3 205 71 42

SOURCE Fluitec