Virginia Governor Bob McDonnell Tours Synchrony

Leading Roanoke Valley Company Attracts Virginia’s Top Executive with Innovative, Award-Winning Clean Technology

Jun 16, 2010, 17:32 ET from Synchrony, Inc.

ROANOKE, Va., June 16 /PRNewswire/ -- Synchrony, Inc., an industry leader in clean, efficient, and reliable technology for rotating machinery and power conversion systems, welcomed Virginia Governor Bob McDonnell for a VIP tour of its facility today.  Elected officials, community and business leaders from the Roanoke Valley were also in attendance.

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Synchrony, Inc. is a business success story in spite of a down economy.  Synchrony’s innovations in the magnetic bearing market improve reliability, reduce friction, minimize vibration and offer advanced health monitoring and diagnostics -- all without the potential environmental disadvantages of lubricants. These advances have accelerated the use of magnetic bearings in the industrial and defense sectors. The wide range of applications include highly efficient and environmentally friendly motors, generators, pumps, compressors, fans, and blowers in sectors such as HVAC, oil and gas, renewable energy, air separation, water treatment, and defense markets.

In 2009, R&D magazine named Synchrony’s Fusion® bearing as a prestigious Editor’s Choice and one of the 100 most technologically significant products of the past year and Synchrony was also prominently featured earlier this year in The New York Times.

Governor McDonnell was impressed by the long strides that Synchrony had made in a short time from R&D to taking its products to market. The governor learned of the many broad applications for Synchrony’s technology and the implications for further economic development and job creation in the Roanoke Valley.  During the tour of the facility, the governor viewed the company’s leading products, including its monitoring software, which can utilize the latest iPad technology to monitor diagnostics.  The governor also learned how Synchrony’s drive trains are being integrated into green, efficient chillers manufactured by McQuay International, which has operations in Staunton, Virginia.

"Virginia is home to hundreds of thousands of technology jobs and Synchrony is a bright spot for new emerging technology right here in the Roanoke Valley," said Governor McDonnell.  "It is a model business for our state and nation, providing innovation and employing hard working and dedicated Virginians. This is just the beginning for this company, and it was my honor to visit today and congratulate everyone involved in this success story."

“Governor McDonnell has a keen interest in clean technology, not just for its environmental benefits, but also for its efficiency and economic benefits,” said Synchrony CEO and President Victor Iannello.  “We are proud to showcase our latest innovations in magnetic bearing technology and their broad integration in many modern day applications which also fit well into the governor’s economic and job creation agenda and we were fortunate to have him here today.”

Founded in 1993, Synchrony brings a spirit of engineering excellence, bold innovation and creativity to improving rotating machinery and power conversion systems. The company develops and delivers world-class products that maximize the ROI, energy savings, and environmental benefit of its customers’ machines. Synchrony is headquartered in Salem, Virginia.  For more information visit the new

SOURCE Synchrony, Inc.