VanDyne SuperTurbo, Inc.™ Increases Presence in Fort Collins
February 14, 2011
Fort Collins, CO – February 14, 2011 – VanDyne SuperTurbo, Inc.™ announced today it has relocated its Corporate Headquarters in downtown Ft. Collins, Colorado to prepare for growth in the coming year. The Company also announced that it has added a new multi-bay Engine Research Facility in the area.
“Since the demand for the Company’s solutions continues to grow globally, we felt it was necessary to make the move at this time to increase our capabilities” said Ed VanDyne, CEO of VanDyne SuperTurbo, Inc.™ “As a spin-out of Ft. Collins based Woodward Governor Company (NASDAQ:WGOV), we have a long standing relationship with the Northern Colorado region.”
“We are very pleased that VanDyne SuperTurbo, Inc.™, winner of Colorado Cleantech Industry Association’s (CCIA) 2010 Emerging Company of the Year Award, is expanding its operations in Fort Collins,” says Chris Shapard, CCIA’s Executive Director. “Not only will this result in additional cleantech jobs in Colorado but also illustrates the importance of the cleantech cluster to the State and further enhances Colorado’s reputation.”
VanDyne SuperTurbo, Inc.™ got their start as a part of RMI2, now known as Rocky Mountain Innosphere, which is where the company previously had their offices. “VanDyne SuperTurbo, Inc.™ is an excellent example of what the Innosphere program is all about. In a few short years, the company has grown from a single entrepreneur with a vision to an award-winning venture-funded company with over twenty employees and their own leased headquarters.” said Mark Forsyth, Director of RMI. “The investment made by RMI and the community in this venture will be repaid many times over in the jobs and economic opportunity they will create in the coming years”.
The VanDyne SuperTurbo™ technology continues to gain wide acceptance from both Industry and the U.S. Government as evidenced by several significant contracts over the past year. This includes a US Army Phase 1 Small Business Innovation Research (SBIR) grant to model diesel waste heat recovery; a National Science Foundation SBIR Phase 1 award to model gasoline engine 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. The Company also received the Outstanding Venture Award at the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) 23rd Industry Growth Forum this past October.
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.