January 19, 2011 / 12:00 PM / 8 years ago

SAIL Announces FlexEnergy Completes Acquisition of Ingersoll Rand's Energy Systems Business

  IRVINE, CA, Jan 19 (MARKET WIRE) -- 
SAIL Venture Partners has announced that its portfolio company,
FlexEnergy, a cleantech company that creates clean energy with near-zero
emissions from harmful greenhouse gases, has completed the acquisition of
the Energy Systems business of Ingersoll Rand. The Energy Systems
business is headquartered in Portsmouth, New Hampshire and is an
innovator in environmentally-friendly microturbines, microturbine systems
and recuperators. FlexEnergy now has operations in New Hampshire, North
Carolina and California, with customers and installations worldwide.

    "The acquisition of Energy Systems allows FlexEnergy to accelerate our
rollout of Flex Powerstations domestically and abroad by bringing to our
team the talented engineering and manufacturing professionals of Energy
Systems," says Joseph Perry, CEO of FlexEnergy.

    FlexEnergy recently unveiled its innovative Flex Powerstation technology
at the Lamb Canyon Landfill in Riverside County which transforms harmful
and previously unusable methane gas into clean energy with near-zero
emissions.

    With the acquisition of the Energy Systems MT250 microturbine product
line, FlexEnergy now offers a family of systems that operate on the
widest source of fuels with the lowest emission profile in the industry.
FlexEnergy systems unlock the entire low Btu gas market creating a new
class of continuous, clean, renewable energy.

    Bob Mack, vice president of business development for Ingersoll Rand, will
join the FlexEnergy Board of Directors to assist the new company as a
strategic partner. "The combination of FlexEnergy technology with Energy
Systems' business assets provides an enhanced family of systems for low
emission power generation," said Mack.

    Walter Schindler, Managing Partner of SAIL Venture Partners, noted, "This
is an exciting acquisition for FlexEnergy as it will allow the company to
grow more rapidly and with microturbine production and expertise
in-house, at much higher levels of efficiency."

    SAIL Venture Partners and RNS Capital Partners are lead investors in
FlexEnergy, having participated in both a Series A and Series B offering
and are actively involved in the company at the Board level. 

    About FlexEnergy
 FlexEnergy is the developer of one of the world's
cleanest power platforms, fueled by existing, unconventional energy
sources to destroy pollution and create a new, sustainable energy source.
FlexEnergy technology has taken one of the world's largest sources of
greenhouse gases, low quality methane, and transformed it from a
pollution source into an energy source for clean generation of
electricity, offering energy recovery where it was previously impossible.

The Flex Powerstation runs effectively on diluted waste streams, in
concentrations too low for other conventional systems, and converts those
waste streams, such as methane, into renewable energy. Unlike other
technologies, the Flex Powerstation creates electricity with near zero
NOx or CO emissions, providing breakthrough solutions for landfills,
coalmines and manufacturers needing to stay ahead of emissions
regulations. For more information, visit www.flexenergy.com. 

    About SAIL Venture Partners 
 SAIL Venture Partners LLC is a cleantech
investment firm with unique global insight into technologies, markets and
opportunities. Drawing on decades of experience in cleantech and in
growing successful businesses, the SAIL team invests in emerging
cleantech companies with proven technologies, visionary leadership,
demonstrated revenue and profit growth potential. SAIL has invested in a
number of today's leading global cleantech companies, including: Xtreme
Power, Ice Energy, The Cleantech Group, Enerpulse, Dow Kokam, SNTech
Motors, M2 Renewables, and WaterHealth International. For more
information, visit www.sailvc.com. 

    About RNS Capital
 RNS Capital is a closely held private equity platform
investing in clean technology, energy services and education. For more
information, visit www.rnscapitalpartners.com. 

    

For Press Inquiries, please contact:
Sarah Currie
SAC Marketing for SAIL Venture Partners
917-498-5748
scurrie@sac-marketing.com 

Copyright 2011, Market Wire, All rights reserved.

-0-
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below