CavitroniX Corporation
Cleantech company improves fuel economy and reduces emissions in oil boilers and diesel engines. Generating revenue, tested by 3rd party.
- Stage Full Product Ready
- Industry Industrial/Energy
- Location Bristol, VA, USA
- Currency USD
- Founded January 2007
- Employees 7
- Website cavitronix.com
Company Summary
CavitroniX™ develops, manufactures, and sells systems that dramatically improve the performance of oil-fired boilers and diesel engines by reducing fuel oil consumption by up to 9% while simultaneously reducing emissions. CavitroniX is a first mover in the $6 billion market for upgrade equipment for existing oil-fired boilers, the $7 billion market for U.S. diesel powered marine craft and the $2 billion market for diesel powered generators.
Team
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Thomas DavidCEO & President
He has been CEO and President of CavitroniX since 2010 and has moved the product to commercialization. Previously, he co-founded Avalon Pharmaceuticals, a biotech company that developed novel cancer therapeutics. He played a key role in raising $150 M in equity financing over nine years. He had 20 years prior experience as an executive and an attorney in high tech industries. He has a JD from Univ. of Utah and an MBA from Wharton.
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Charles MarkertChief Technical Officer
He has managed all technical aspects of the development and commercialization of the CavitroniX E2C water / fuel emulsion point-of-use system for the past 6 years. Previously, he was a civil engineer for 30 years, responsible for facility design of Navy and Marine Corps Bases around the world. He is a Registered Professional Engineer. Mr. Markert earned his Bachelor of Science in Civil Engineering from Michigan State University.
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Lance PelterSenior Vice President of Marketing
He has been CavitroniX's SVP of Marketing since May of 2011. He has established distributorships, developed marketing materials and created awareness of the Company's products. Previously, he had thirty years experience in sales and marketing leadership for General Electric. Undergraduate at Harpur College and SUC, Oneonta. Graduate SUNY, Buffalo.
Advisors
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Rebecca Connor of LeClairRyanLawyerUnconfirmedJames Fern of Hickok, Fern, Brown and Garcia, CPAsAccountantUnconfirmed
Previous Investors
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Alain Cappeluti, CIT Gap Funds, KVK Precison SpecialtiesUnconfirmed
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