For immediate release
Friday, Feb. 6, 2015
Macomb-OU INCubator awarded $15,000 for client KTISIS
Sterling Heights, Mich. - The Macomb-OU INCubator was recently awarded $15,000 in Business Accelerator Funds (BAF) to provide accelerator services to client company KTISIS of Sterling Heights.
The Macomb-OU INCubator is the top business accelerator in garnering State of Michigan BAF dollars to assist client companies.
KTISIS is an advanced engineering, innovative technologies R&D, manufacturing, and commercialization company with a unique value proposition for the natural gas industry to resolve the debate by fleets to use either compressed natural gas (CNG) or liquefied natural gas (LNG) if moving away from diesel fuel.
"It was a pleasure to assist KTSIS with BAF grant funding to support their growth initiatives. Their innovative, disciplined and methodical approach to nurture and commercialize such a unique domestic energy solution positions the company very well for next steps," said Mike Brennan, Mac-OU INC Capital Strategist.
"Our incubator looks forward to further supporting the KTISIS team through the next phases of their development toward commercialization."
Natural gas as a transportation fuel is an emerging market, providing advantages in cost, safety, emissions, abundance reserve and production in the US, and potential for higher performances. Commercial and government fleets are the early adopters of natural gas vehicles because of their high fuel consumption. The low cost of natural gas is one of the more attractive features; in general, a gallon of CNG is about 30 and 40 percent lower in cost than that of gasoline and diesel, respectively.
This BAF award will allow KTISIS to develop a prototype for their new tank-system technology. Traditionally, all natural gas vehicles are divided into CNG and LNG because of their respective extreme pressure and temperature requirements. KTISIS' solution breaks that barrier and it is introduced in a lightweight, durable, safe, versatile, and competitively-priced system.
These BAF awards are distributed by the Michigan Small Business Development Center (MI-SBDC) through the Macomb-OU INCubator to the various accelerator service providers. As these awards demonstrate, the Macomb-OU INCubator is successfully delivering specialized business acceleration services to companies commercializing advanced technology. The BAF is a 21st Century Jobs Fund Program managed by the MI-SBDC in partnership with the Michigan Economic Development Corporation and Michigan's network of business accelerators.
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For Macomb-OU INCubator interviews, please contact Joan Carleton at the Macomb-OU INCubator at (586) 884-9324 or via email at firstname.lastname@example.org.
The Macomb-Oakland University INCubator supports economic development in Southeast Michigan by accelerating high-tech businesses, cultivating academic innovation and encouraging research & development. To help small businesses grow, the incubator creates customized success strategies for startup and emerging companies in the niche industries of defense, homeland security, advanced manufacturing and technology. For more information, visit the incubator website at oakland.edu/macombouinc.