Pareto Point Industries Wins SemiFinalist For Its Parallel-Flow Oil Bypass System in the National CleanTech Open Competition.
San Pedro, CA. JULY 12, 2012.
Pareto Point Industries (PPI) has been selected as a semifinalist in the 2012 National CleanTech Open (CTO) Competition for its innovative, patent-pending Parallel-Flow Oil Bypass Filtration System (PBF). PPI is now eligible for Regional and National Awards, totaling $1,000,000 in cash, products, services and media recognition.
Developed primarily for smaller engines and equipment, the Parallel-Flow Oil Bypass Filtration System is an affordable and easy-to-install technology that finely cleans motor (or any other lubricating) oil, reducing frictional and other losses caused by engine wear, while optimizing performance. Finely cleaned oil allows vehicle or equipment owners to extend oil and filter changes, saving time and money while reducing the national demand for scarce resources.
According to PPI’s Chief Executive Officer, Dr. Bob Hammer, “Being recognized by CleanTech Open, the world’s largest sustainable business accelerator, is a great honor. The mentoring and training process is helping us develop more effective ways to work closely with our customers, so we can be very responsive to their needs. Through CTO we have been exposed to a growing number of potential partners, funders, customers and mentors. We look forward to the Regional competition and then, hopefully it’s on to the Nationals.” Prior to the CTO competition, PPI landed other awards, honors, and recognition for its PBF system and several other products from the automotive aftermarket, and also from equipment and machinery, technical editors and industry experts.
PPI has been involved in oil management products for over 10 years and offers a number of oil filtration products, such as the MagDog Magnetic Filtration Device, popular with engine builders, off-roaders and racers. As automotive industry enthusiasts, PPI team members have rebuilt classic and muscle cars, and won Road Rally trophies. The management team members all have extensive experience and advanced technical and business degrees. PPI, located in Southern California, owns numerous US and international patents, and is a minority-certified business. The principals are an Hispanic and a veteran.
As a client of PortTechLA, a clean tech business incubator located adjacent to the Port of Los Angeles, PPI receives additional business coaching and mentoring. According to Dr. Hammer, “Working with PortTechLA has helped us develop our go-to-market strategies so that we can consistently provide our clients with real value. We are constantly fine-tuning our ability to even exceed our customers’ expectations, from technology to customer service.”
PPI President Adan Reinosa, P.E., states, “As a company, we take great pride in bringing high quality products to market that are designed not only to meet our customers’ demands, but are provide economic and environmental value. The CTO Award is a great validation to us; proof that we’re moving In the right direction.”
The CleanTech Open mission is to find, fund and foster entrepreneurs that address today’s most urgent energy, environmental and economic challenges. Founded in 2006, the organization accelerates clean technology entrepreneurs by providing expertise, training, and other support. The Competition has six categories: Transportation, Energy Efficiency, Smart Power, Renewable Energy, Green Buildings, and Air, Water & Waste. The 2012 Regional Award judging will take place in October, and the National winners will be announced in November.
For more information, contact Dr. Bob Hammer, CEO at 323 726-2199 or email us at firstname.lastname@example.org