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Turbo Trac USA, Inc.

Turbo Trac's infinitely variable transmission (IVT) increases pump jack production up to 30% while reducing energy and capital expenses

  • Stage Full Product Ready
  • Industry Industrial/Energy
  • Location Frisco, TX, USA
  • Currency USD
  • Founded January 2001
  • Employees 7
  • Website turbo-trac.com

Company Summary

Turbo Trac USA, Inc.'s patented IVT allows oil producers to control the speed of their pump jacks, therefore maximizing production. It is the only way to do so with an engine driven pump jack and a more efficient way for electric motor driven pump jacks. Customers to date include Oxy, Cimarex, Pioneer and other major oil companies along with smaller producers. Payback on the $30,000 device is usually less than 4-6 months. Total market is >$10B

Team

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    Allen Swenson
    CEO

    Veteran industrial technology executive with large corporate experience and also has two successful start-up exits. He has led the company for the last six years.

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    Rick Darlow
    VP Business Development

    Launched the go-to-market strategy, has over thirty years of sales and executive experience in the industrial gas, semi-conductor and clean energy industries.

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    David Houghton
    CTO

    Spent 14 years in various engineering management roles for U.S. Steel and held engineering management assignments in the power and paper industry. He has managed the product development process.

Advisors

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    Scheef and Stone
    Lawyer
    Unconfirmed
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    Montgomery Coscia Greilich LLP
    Accountant
    Unconfirmed

Previous Investors

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    Numerous Angels from Midland
    Unconfirmed
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    Texas Emerging Technology Fund
    Unconfirmed
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    Pillar Capital
    Unconfirmed