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Fluitec in the Press

PRESS RELEASES

January 29, 2013

Fluitec Introduces the RULER View™ for Lubricant Antioxidant Monitoring

New Jersey based Fluitec introduces the RULER View™, a lubrication failure mode diagnostic tool which provides critical insight into the health of lubricants not visible with other condition monitoring and oil analysis testing technologies. The RULER View is a technological advancement of Fluitec's flagship condition monitoring product, the RULER, a patented technology to determine the remaining useful life of lubricants.

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December 10, 2012

Membrane Patch Colorimetry (MPC) is now an ASTM Standard

ASTM International, a globally recognized leader in the development and delivery of international voluntary consensus standards, recently approved a new standard for testing the varnish potential of in-service lubricants: ASTM D7843 - Standard Test Method for Measurement of Lubricant Generated Insoluble Color Bodies in In-Service Turbine Oils using Membrane Patch Colorimetry.

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August 15, 2012

Christie Administration Continues Commitment to Create Jobs and Develop Renewable Energy with Grant for Fluitec Wind

Clean Energy Funds to Support Creation of 20 New Wind-Energy Manufacturing Technology Positions. In support of the Christie Administration's commitment to creating jobs and growing the State's economy, as well as to developing renewable energy resources, the New Jersey Board of Public Utilities (BPU) closed on financing through the Clean Energy Manufacturing Fund (CEMF) to support Fluitec Wind, a manufacturer of technologies that reduce the cost of operating wind turbines.

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July 30, 2012

Fluitec wins People's Choice Award at Castrol InnoVentures Competition

Fluitec continues its global recognition as a top cleantech company as it wins the People's Choice Award at the Castrol 20/20 competition held at the Google Campus in London. The Castrol 20/20 initiative is a global competition to help Castrol identify bold, new potential billion dollar businesses. Out of an estimated 500 total companies, Fluitec's Wind subsidiary was selected as a top 5 finalist in the Castrol 20/20 program.

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May 14, 2012

Siemens and Fluitec Work Together to Improve Lubrication Performance

Siemens AG, a global leader throughout the energy supply chain, and Fluitec, a clean technology company focused on lubricant condition monitoring and contamination control, have entered into an agreement to maximize the performance of lubricants used in rotating equipment. The safe and reliable operation of turbines and compressors depend upon contaminant-free lubricants.

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October 13, 2011

NAES and Fluitec International Announce Alliance Agreement

On October 3, 2011 NAES Corporation signed an alliance agreement with Fluitec International. NAES is the world's leading provider of comprehensive services to industries that generate or consume power. For over 30 years, NAES has specialized in providing services centered on safe, reliable and cost-effective performance including operations and maintenance; retrofit and maintenance services; on-site turbine inspection/overhaul services; staffing solutions; and customized services designed to improve plant and personnel effectiveness.

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September 19, 2011

NJ: Fluitec International Establishes Corporate Headquarters in Jersey City

Lieutenant Governor Kim Guadagno recently met with Fluitec International and Fluitec NV to celebrate the company’s decision to consolidate its U.S. operations and all global corporate functions in New Jersey. The Belgian-based clean technology company currently has sales in 36 countries with offices in the U.S., Belgium and China.

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September 16, 2011

Clean-Energy Tech Startup Fluitec Ramping up in New Jersey

Fluitec International, an Antwerp, Belgium-based clean-energy startup with a majority of its sales outside the U.S., recently relocated its U.S. operations to Jersey City from Tampa, Florida. The company is taking advantage of a New Jersey Economic Development Authority (EDA) Business Employment Incentive Program (BEIP) grant. The grant is worth an estimated $927,600 over 10 years and is tied to the creation of 30 new, high-paying jobs within the next two years. Fluitec expects to invest approximately $5.6 million to establish its N.J. location.

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September 16, 2011

Citing 'phenomenal talent pool,' Fluitec consolidates U.S. operations in N.J.

Fluitec International, the Belgium-based clean technology company, has picked New Jersey to consolidate U.S. operations and open its new global corporate headquarters, state and company officials announced this week.

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June 9, 2011

Fluitec highly commended and finalist of Power Gen 2011 Best Paper Award

The PowerGen-Europe conference in Milan, Italy selected Fluitec as a distinguished recipient of the Best Paper Award finalist. The title of the paper, "Advanced Removal Techniques for Turbine Oil Degradation Products" was presented by Jo Ameye of Fluitec. Greg Livingstone of Fluitec and Hans Overgaag of AnsaldoThomassen coauthored the paper, which covered exciting new technologies to solve lubricant sludge and varnish problems.

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October 18, 2010

Fluitec wins Most Promising Innovation Award at Cleantech Forum

New York City, NY, October 18, 2010/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.

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October 6, 2010

Fluitec Selected as a Presenting Company at the Cleantech Forum in New York

New York City, NY, October 6, 2010/PRNewswire/ -- Fluitec, a rapidly growing Clean Tech company that increases the availability and reliability of industrial rotating equipment through condition monitoring and contamination control was recently selected to present at the upcoming Cleantech Forum in NYC on Oct 11-13. The Cleantech Forum New York is an influential event that identifies new opportunities and pitfalls with emerging Cleantech investments.

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October 6, 2010

Fluitec's Magnotti selected to Chair and Present at the 2010 China Smart Grid Conference

Shanghai, China/October 6, 2010/PRNewswire/ -- Mr. Frank Magnotti, the CEO of Fluitec, a rapidly growing Cleantech company that increases the availability and reliability of industrial rotating equipment through condition monitoring and contamination control, was selected to be a chair and keynote speaker at the prestigious China Smart Grid Conference in Shanghai on November 8-10. The event brings together industry leaders and visionaries whose knowledge will shape China's Smart Grid strategies.

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May 11, 2010

Fluitec International Among the Top Picks at the Cleantech Forum XXVII in Paris

PARIS, May 11 /PRNewswire/ -- Fluitec International, a rapidly growing Clean Tech company that increases the availability of large power generation machinery through real-time analysis, condition monitoring and contamination control was recently highlighted as one of the top picks from the various entrepreneurial companies presenting at the Paris Cleantech Forum. The conference brought together about 40 Cleantech companies, some of whom were selected to speak in front of industry leaders and leading Venture Capital firms.

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Jan. 25, 2010

Fluitec International Poised for Significant Growth With the Addition of Key Hire, PR Newswire Frank Magnotti joins rapidly growing private venture-backed Clean Tech Company

SUMMIT, N.J. – Fluitec International, a rapidly growing Clean Tech company that increases the availability of large power generation machinery through real-time analysis, condition monitoring and contamination control has named Frank Magnotti to be its President and CEO, the company announced today. Mr. Magnotti has been involved in key leadership positions with AT&T Bell Labs and Lucent Technologies founding and growing the Utilities Solution Division. Most recently, he founded Comverge (Nasdaq: COMV), a leading Clean Tech, Smart Grid company that went public in April 2007.

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ARTICLES

Feb. 12, 2010

Fluitec International slips into town, bringing high-tech jobs with it, Tampa Bay Business Journal

ST. PETERSBURG — No fanfare, no incentives, no fancy press releases announced the impending arrival of a clean technology company. But that’s the way Fluitec International likes it.

Tucked away at the bottom of a release issued Jan. 25 announcing Frank Magnotti as the company’s new CEO, the Atlanta company known for its industrial lubricants maintenance and monitoring devices, nonchalantly shared the news that its U.S. operations were moving to Tampa Bay.

More specifically, the company expects to have up to 15 people employed in the coming months in 5,500 square feet at Bay Tec Center on North Scherer Drive.

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Mar 2, 2010

Fluitec International Brings 15 Jobs To St. Petersburg, 83 Degrees Media

Fluitec International, an Atlanta-based manufacturing company established in 1995, has set up shop in St. Petersburg.

Focusing on the power generation market, Fluitec develops patented and patent-pending products to assist with the efficiency of industrial lubricants.

"We manufacture testing equipment that's used in the petrochemical world, specifically lubricants," says Brian Thompson, executive vice president of operations.

Fluitec technology is used in more than 25 countries across five continents. The company also has offices in Dayton, OH and in Summit, NJ. Their application of contamination control technologies extends fluid life and monitors the best time to change the fluid which results in a positive environmental impact.

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