JV Company to Bring Emissions Control Tech to Automotive Market
Tecogen and a group of strategic investors have formed Ultra Emissions Technologies (Ultratek), a joint venture (JV) company tasked with bringing Tecogen’s patented Ultera emissions control technology to market.
Ultratek will advance Tecogen’s near-zero emissions technology for adaptation to transportation applications powered by spark-ignited engines (including gasoline, natural gas and propane fueled vehicles) in the automobile and truck categories. Tecogen has granted Ultratek an exclusive license for development of its Ulterra emissions control technology for the vehicle market.
The technology has been successfully installed in natural gas and biogas-fueled stationary engine applications, and the system may be successfully applied to automotive engines as well.
The emissions control technology has been tested by independent labs and shown to consistently reduce the emission of criteria pollutants contributing to smog (CO and NOx) to near zero levels for natural gas engines. Developed with funding from the California Energy Commission and Southern California Gas Company, the technology has been independently verified by New Jersey’s Department of Environmental Protection and by AVL California Technology Center. Engines retrofitted with Tecogen’s Ultera technology measure at or below current natural gas powered fuel cell emissions levels, according to publicly available data.
The strategic investors have collectively contributed $3 million to finance the initial operations of the joint venture. In addition, the investors have collectively purchased 890,208 shares in Tecogen, bringing their total initial investment to $6 million.
Tecogen retains the rights to its Ultera emissions control technology for all other applications.
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