North Haven, CT (August 6th, 2012) – Precision Combustion, Inc. (PCI) is pleased to announce that for the third consecutive year it has been named to the Marcum Tech Top 40 as one of the 40 fastest growing technology companies headquartered in Connecticut.
PCI is a clean energy technology company developing and manufacturing catalytic devices and systems for energy sector applications. PCI’s sustained growth has been driven by multiple innovations in its fields of fuel processing, high performance burners and combustion systems, and specialty chemical reactor systems. Since 2009 the number of employees at PCI has grown by 60%.
PCI’s President, Kevin Burns, commented, “While it has been and continues to be a tough economy, we nonetheless have been able to grow based on great results from our very capable and committed team, continuous innovation, and our ability to provide our customers with major gains in performance and efficiency. Our fuel processors are providing revolutionary advances that have driven our largest sales gains, and our other innovations continue to create significant opportunities for the future. A general trend is that we are now providing system level solutions with increased content to our customers and are gaining manufacturing skills.”
“For example, in these recent years our fuel processor business has evolved from a small single design 5 kW reformer for military logistics fuel to now include other reforming approaches, with sizes ranging up to 5 megawatts and using a wide range of fuels. Our customer base has grown from primarily the government to now also including a number of industrial companies. Our components have grown from that single reforming reactor to turnkey fuel processing systems applicable to fuel cells, combustion and hydrogen production. Our team has remarkably accomplished all this while laying the groundwork for continued growth in the future. We also have to thank our early stage customers who recognized the potential of our work.”
We at PCI are pleased to be part of Connecticut’s innovation heritage and look forward to continuing to build clean energy solutions. For more information visit Marcum Top Tech 40 or email us. To learn more about PCI, visit www.precision-combustion.com.
Since 2008, the Connecticut Technology Council and Marcum LLC have recognized contributions to the State’s economic growth by highlighting the fastest growing technology businesses. Companies are recognized on the basis of revenue growth and are eligible if they have been in business for at least four years and have fourth year revenues of at least $3 Million. Forty companies total will be presented in six technology verticals with one overall winner in each of the categories: Software, IT Services, New Media/Internet/Telecom, Life Sciences, Advanced Manufacturing, and Energy/Environmental Technology (including green technologies). PCI is recognized in the outstanding Energy/Environmental Technology group.
Precision Combustion, Inc. is a clean energy technology company developing and manufacturing catalytic devices and systems for energy sector applications. To learn more, visit www.precision-combustion.com.
For more information, contact: Tony Anderson
Director, Marketing and Business Development
203-287-3700 ext. 290
aanderson@precision-combustion.com
