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.

"Our warm reception at such a prestigious event is further testament to our strong business plan and long term growth strategy," mentioned Frank Magnotti, Fluitec's President & CEO.

This was not Mr. Magnotti's first taste of success at the Cleantech Forum. His former company, Comverge, Inc., previously won "Cleantech's Emerging Enterprise of the Year" in 2004 . That company which he was a founder went public three years later and has had valuations in excess of $750 million.

Andre Annicq, Fluitec's Chairman was also at the event and added, "Fluitec is unique among many of the entrepreneurial Cleantech ventures. By merging sustainability with economics, we provide high value to our customers both on an environmental and financial front."

Fluitec has appreciated significant growth over the last 3 years and is currently growing at 112%. Their objective is to find an ideal VC partner in the next 24 months to allow the company to continue growing at its current rate.

About Fluitec International

Fluitec International is a privately-held venture-backed company with Cinmar BV and Sopon SA as lead investors. It provides customers in over 35 countries leading edge technologies and knowledge to realize optimum reliability and productivity of their lubricating assets. Although Fluitec's products span a wide range of industries, their largest customer base is in power generation market. Fluitec has developed several patented and patent-pending technologies to monitor and maintain industrial lubricants. One of their flagship condition monitoring products, the RULER™, is a patented technology to determine the remaining useful life of lubricants. They have also developed the industry's leading lubricant varnish mitigation technology which is used at power generation facilities around the world; a patent-pending process referred to as Electrophysical Separation Process™.

Fluitec International can be found online at www.fluitec.com.

Contact: Hilde Verdyckt, [email protected]; +32 3 205 71 42

SOURCE Fluitec International