Fluitec’s Magnotti Selected to Chair at the 2010 China Smart Grid Conference

Mr. Frank Magnotti, the CEO of Fluitec, a rapidly growing Cleantech company that increases the availability and reliability of industrial rotating equipment through condition monitoring and contamination control, was selected to be a chair and keynote speaker at the prestigious China Smart Grid Conference in Shanghai on November 8-10. The event brings together industry leaders and visionaries whose knowledge will shape China’s Smart Grid strategies.

Mr. Magnotti’s keynote speech will be "How to Apply the Lessons Learned in the United States’ Mass Market Demand Response and Advanced Metering to China’s Smart Grid." Mr. Magnotti was the founder of Comverge, a cleantech startup company that went public on the NASDAQ.

He will review the history and status of Smart Grid initiatives, advancements in demand response and advanced metering and share his vision on where the industry is going. He will use these lessons and show how his company’s technologies are applicable to smart grid applications of distributed generation, wind energy, and transformers through "predictive condition monitoring and smart chemistry".

"It is an honor to be invited to such a prestigious event and provide some guidance on intelligent investment strategies in the Smart Grid sector especially in China where we have our first sales and opened offices in 2010," said Mr. Magnotti. "In addition, there are several promising new energy conservation technologies available that will be of interest to the audience."

Fluitec is a privately-held venture-backed company with Cinmar BV and Sopon SA as lead investors. It provides leading edge technologies and knowledge to customers in over 35 countries to realize optimum reliability and productivity of their lubricating assets. Although Fluitec’s products span a wide range of industries, their largest customer base is in power generation market.

Fluitec has developed several patented and patent-pending technologies to monitor and maintain industrial lubricants. One of their flagship condition monitoring products, the RULER™, is a patented technology to determine the remaining useful life of lubricants. They have also developed the industry’s leading lubricant varnish mitigation technology which is used at power generation facilities around the world; a patent-pending process referred to as Electrophysical Separation Process™.