Lumec Control Products, Inc

Our technology optimizes combustion in Industrial, Commercial & Institutional boilers and in industrial furnaces & ovens, reducing fuel and greenhouse gases.

  • Stage Full Product Ready
  • Industry Clean Technology
  • Location Peoria, IL, USA
  • Currency USD
  • Founded May 2008
  • Employees 11
  • Website irisvalve.com

Company Summary

Patented technology delivers superior control of natural gas combustion with the IRISvalve and Continuous Combustion Control System (3CS). This “smart” technology optimizes existing ICI boilers and industrial furnaces & ovens; providing real time, instantaneous, and repeatable combustion control. Products capture key data for performance diagnostics and predictive maintenance, enable remote management and communicate with automation systems.

Team

  • Jim Myers
    VP Sales & Application Support

    BS Mechanical Engineering, Over 30 years of equipment and service sales experience in the fields of combustion and industrial process instrumentation.

  • Paul Luebbers
    CTO

    Co-Founder, Mr. Luebbers invented the Dynamic Orifice Valve. He has a BS Ceramics Engineering and MS in Materials Science. 20 years of experience of combustion and engineering experience including metallurgy, R&D, product development, and systems engineering.

  • Eric McMasters
    VP Engineering

    Co-Founder, VP of Product Design, CAD and modeling software expert, 15 years in product engineering and management, BS Industrial Technology.

  • Dave Parkinson
    CEO

    Involved with Lumec for since 2010, CEO since Nov. 2011. Former Central Midwest Regional Managing Partner, McGladrey, LLP; Over 35 years experience coaching small and mid-size business; experienced in finance, capital transactions, leading professionals. President of Central Illinois Angels.

  • Dan Losby
    Business Operations

    BS Civil Engineering, over 20 years experience of plant management in book publishing and petroleum engineering.

  • Richard M. (Rick) Cloyd, MBA
    Business Intelligence and CEO Support

    MBA, 40+ years of experience in industrial sales, marketing, operations, Fortune 50 business development and enterprise strategy.

Advisors

  • Charles Young, Miller, Hall & Triggs LLC, Peoria, IL (business); Thomas J. Donovan, Barnes & Thornburg LLP (IP)
    Lawyer
    Unconfirmed
    McGladrey
    Accountant
    Unconfirmed

Previous Investors

  • Common Stock - Friends and Family (47), Subsequent (14)
    Unconfirmed
    Series A Preferred Stock - Angel Groups & individuals
    Unconfirmed

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