North Haven, CT (November 5th, 2019) – Precision Combustion, Inc. (PCI) is pleased to announce that it has been named a 2019 Marcum Tech Top 40 Finalist as one of the 40 fastest growing technology companies headquartered in Connecticut. The selection was announced today by The Connecticut Technology Council (CTC) and Marcum LLP that PCI made the Marcum Tech Top 40 (TT40) list and was selected in the Energy, Environment or Green Technology category. PCI was previously selected in 2018.
PCI is a clean energy technology company developing and manufacturing advanced catalytic products and systems for energy sector applications. PCI’s rapid growth has been driven by innovations across multiple fields, including fuel processing, fuel cell systems, compact power generation systems, and air cleaning and new materials technologies.
PCI’s President, Kevin Burns, commented, “We’re developing a synergistic portfolio of innovative technologies for power generation, energy efficiency and cleaner air. Our growth leaders include our lightweight JP8-fueled Soldier Power Generators™ for multiple defense applications; lightweight, high efficiency fuel processors and fuel cell systems; an automotive fuel reformer for simultaneously improving engine efficiency and emissions; and a set of regenerable air cleaning technologies including for improved energy efficiency and sustainable carbon capture. Our technologies are what we call synergistically viral, with advances reinforcing the range of existing applications while also cascading into newer technologies and applications with exciting growth prospects.”
“I can’t say enough about the remarkable quality of our team. Being a successful innovation company requires great people with fundamental skill, great teamwork and the ability to create new solutions that work, and it also requires an innovative environment and an attitude of continuous improvement. We have that here – a real high-performance team. And we’re still looking for more people to join our team and further build upon our opportunities.
“We also want to thank our early stage industrial customers who have recognized the potential of our work and who are now benefiting from it, and our supporters within the U.S. government science and technology community who have recognized the potential at an early stage.”
“We at PCI are proud to be part of Connecticut’s innovation heritage and look forward to continuing to build clean energy solutions.”
About the Marcum Tech Top 40
The Marcum Tech Top 40 recognizes technology leaders in six industry sectors, with one winner in each category. Sectors include Advanced Manufacturing, Energy/Environmental, Life Sciences, New Media/Internet/Telecom, IT Services, and Software.
An overall winner demonstrating the greatest percentage growth among all finalists will also be declared. In addition, a special Accelerator Award will go to the company or companies achieving the fastest growth.
Tech Top 40 companies are both privately and publicly held and have at least $3 million in annual revenue and a demonstrated record of revenue growth in each of the preceding four years. More than 400 Connecticut technology companies have been awarded since 2008.
Winners will be announced November 20, along with the release of a video featuring senior executives from selected Marcum Tech Top 40 companies. They will speak about the secrets to their success along with thoughts and advice on the role that tech companies should play in Connecticut’s economy.
“It has been a privilege to sponsor the Marcum Tech Top 40 awards for the past dozen years. We have seen some remarkable companies emerge from the Connecticut tech sector, most especially this year, and look forward to celebrating their achievements when the winners are announced next month,” said Michael K. Brooder, CPA, Marcum’s office managing partner in Hartford.
Severine Zygmont, CTC’s Board chair, said, ““Connecticut is proud of its unique history of innovation and entrepreneurship. Growth in Connecticut comes in large measure from the technology sector, and these Marcum Tech Top 40 companies are outstanding examples of the achievements of the state’s growing tech sector.”
About The Connecticut Technology Council
The Connecticut Technology Council is a statewide association of technology oriented companies and institutions, providing leadership in areas of policy advocacy, community building and assistance for growing companies. Speaking for 2,500 companies that employ some 200,000 residents, the mission of the Connecticut Technology Council is to spark innovation, cultivate tech talent, foster business growth, advocate for industry-beneficial law and policy, expand the scope of industry networking and professional development, and celebrate industry achievements in the state. The CTC seeks to serve Connecticut’s technology ecosystem by providing leadership, support, mentoring, and advocacy to companies across every industry and at every stage of growth. For more information, visit http://www.ct.org
About Marcum LLP
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., Grand Cayman and China. Headquartered in New York City, Marcum provides a full spectrum of traditional tax, accounting and assurance services; advisory, valuation and litigation support; and an extensive range of specialty and niche industry practices. The Firm serves both privately held and publicly traded companies, as well as high net worth individuals, private equity and hedge funds, with a focus on middle-market companies and closely held family businesses. Marcum is a member of the Marcum Group, an organization providing a comprehensive array of professional services. For more information, visit www.marcumllp.com.
About Precision Combustion, Inc.
Precision Combustion, Inc. is a clean energy technology company developing and manufacturing catalytic devices and systems for energy sector applications. To learn more, visit precision-combustion.com.
For more information, contact:
Anthony Anderson
Director, Marketing and Business Development
Phone: 203-287-3700 ext. 290
Email: aanderson@precision-combustion.com
