Advent Invests in ISOPur Fluid Technologies
Innovator of Patented Industrial Fluid Cleaning Technology Receives Backing From Group of Leading Energy Tech Investors
Rocky Hill, CT - ISOPur Fluid Technologies, Inc., an innovator in industrial fluid cleaning technology adopted by a number of Fortune 500 companies, has now been singled out by Advent International, one of the world's largest private equity firms, to receive Advent's first-ever capital investment in a fluid management technology and equipment company. ISOPur will use the funding to further commercialize its breakthrough, patented industrial "fluid purification" technology known as Balanced Charge Purification TM (BCA).Customer testimonials and lab testing confirm that ISOPur's BCA process, which uses carefully balanced electrical charges to separate contaminants from oils and fuels, is capable of purifying non-conducting fluids such as lubricating oils, hydraulic fluids, diesel fuel and cooking oils to a much higher level of purity than conventional filtration alternatives.
ISOPur's BCA process protects billions of dollars worth of industrial, manufacturing and power generation equipment throughout the world, minimizes the waste stream, lowers operating costs, and reduces oil disposal liability, compared to conventional filtration methods.
A wide range of industrial and power generation companies in North America, Europe and Asia are already using ISOPur's BCA technology. ISOPur customers include equipment manufacturers such as Ansaldo, Atlas Copco and Eaton Corporation; power companies such as Enel, one of Europe's largest power producers; a number of food producers including Refined Sugar and Sanwa Shoko; institutions such as Yale University and the University of Iowa; and various municipalities such as the Vero Beach Municipal Power Plant.
ISOPur's BCA technology is ideal for steam and gas turbines, compressors, hydraulic systems and a wide range of industrial and manufacturing equipment that require non-conducting fluids. These workhorse lubricants enable moving parts of machinery to operate smoothly and efficiently. As the fluids become dirty and contaminated, they must be replaced. Even the most expensive filtration systems on the market today are only able to extend the useful life of these fluids for a limited period of time. ISOPur's BCA technology is able to keep these fluids like new, year after year, without replacement. "The BCA process actually 'pulls' small particles of dirt and contamination from inside the machinery, enabling the equipment to operate more efficiently and reliably. This significantly reduces maintenance and repair costs and equipment downtime and extends the service life of the equipment," said Gerald L. (Gerry) Munson, Chief Technology Officer for ISOPur Fluid Technologies.
"ISOPur is filling the significant market need for companies to extend the life of their assets and improve their performance by reducing downtime and frequency of maintenance," said Lindsay J. Pike, a partner at Advent International, one of the world's largest private equity firms and part of the ISOPur investor syndicate. Advent has been investing in energy technology companies such as AstroPower, Ballard Power Systems and Active Power, since the 1980s. In addition to Advent, FA Technology Ventures, a major investor in new energy and power generation technologies, and Siemens Venture Capital, the investment arm of Siemens GmbH, a leading developer of power generation systems and industrial machinery, are among ISOPur's initial round investors.
For additional information about ISOPur and its patented industrial fluid cleaning technology solutions call toll-free at (888) 270-9889 or email info@isopurfluid.com. ISOPur is headquartered at 70 Inwood Road, Rocky Hill, CT 06067.
