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VanDyne SuperTurbo, Inc.™, Wins Outstanding Venture Award at the U.S Department of Energy’s National Renewable Energy Laboratory (NREL) 23rd Industry Growth Forum
October 26, 2010
Fort Collins, Colo., Oct 26th, 2010 — VanDyne SuperTurbo, Inc.™, is pleased to announce it has been chosen as the winner of an Outstanding Presentation Award at the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) 23rd Industry Growth Forum which attracted nearly 500 investors, entrepreneurs, scientists and policymakers to Denver.
One of three major Clean Energy Venture Awards given out, the Company receives a direct financial award as well as in-kind commercialization support from NREL and law firm Wilson Sonsini Goodrich & Rosati to help increase the Company’s chances of commercial success.
“To be recognized by the Department of Energy, NREL and those in attendance for this award is a great honor and a significant milestone for our Company”, said Ed VanDyne, Chief Executive Officer of VanDyne SuperTurbo, Inc.™ “The assistance from NREL and law firm Wilson Sonsini Goodrich & Rosati will be invaluable to us with the commercialization of our revolutionary fuel efficiency technology.”
NREL is the U.S. Department of Energy’s primary national laboratory for renewable energy and energy efficiency research and development. NREL is operated for the Department of Energy by The Alliance for Sustainable Energy, LLC. The Forum featured presentations from emerging clean energy companies as well as networking opportunities with top venture capitalists, corporate investors, strategic partners and the Department of Energy.
The Company’s technology continues to gain wide acceptance from the U.S. Government and Industry as evidenced by several key contracts since earlier in the year. This includes a US Army Phase 1 Small Business Innovation Research (SBIR) grant to model diesel waste heat recovery; The National Science Foundation SBIR awarding the Company a Phase 1 project to model gasoline waste heat recovery and the announcement that the Company will be working with Cummins, Inc. (NYSE: CMI) to develop more fuel efficient Class 8 trucks using a VanDyne SuperTurbo™ as a part of the Department of Energy’s (DOE) stimulus funded SuperTruck program.
VanDyne SuperTurbo, Inc.™ specializes in the design, development and production of SuperTurbos™ for the global automotive market and heavy duty engine manufacturers. A SuperTurbo™ is the most cost effective fuel efficiency technology in existence. One of its many benefits is a 36% improvement in fuel economy on gasoline cars with no additional net cost to the automotive manufacturer.