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Company Overview of Ultra Emissions Technologies Ltd.

Company Overview

Ultra Emissions Technologies Ltd., also known as ULTRATEK, manufactures non-invasive emissions control technology for natural gas powered engines for automobiles. The technology aims to reduce the emission of criteria pollutants contributing to smog to near-zero levels for natural gas engines. The company was founded in 2015 and is based in Waltham, Massachusetts. Ultra Emissions Technologies Ltd. operates as a subsidiary of Tecogen Inc.

Waltham, MA 

United States

Founded in 2015

Key Executives for Ultra Emissions Technologies Ltd.

Chairman of the Board of Directors and Co-Chief Executive Officer
Age: 62
Co-Chief Executive Officer
Age: 62
Compensation as of Fiscal Year 2016.

Ultra Emissions Technologies Ltd. Key Developments

Ultra Emissions Technologies Ltd. to Initiate Phase 2 Development for Emission Control Technology for Gasoline Vehicles

Tecogen Inc. announced joint venture affiliate Ultra Emissions Technologies Ltd. is slated to begin Phase 2 testing and development of the Ultera emissions control technology for gasoline vehicles. The new phase of testing will be well supported by ULTRATEK's $6.2 million in cash on hand following the recently announced second round funding; to date ULTRATEK has raised a total of $7.0 million in support of development efforts. Phase 2 testing and development, slated to begin later this month, will also be performed at AVL's vehicle test cell. The second round testing will utilize a more refined design of the Ultera prototype system and will include two gasoline powered vehicle models, one certified for both domestic and European use while the other has certification for European markets only. These models were selected as representing very advanced, high-mileage vehicles for which the ULTRATEK team's industry assessment indicates are vehicle types of high importance but with inherent emissions challenges. Phase 1 testing focused on simulated driving cycles prescribed by federal regulations for vehicle certification. In these tests, criteria pollutants (those contributing to smog and negatively impacting human health) were reduced in all simulated drive conditions, vastly improving emissions performance when compared to currently available emissions control technologies.

Ultra Emissions Technologies Ltd. Announces Management Appointments

Tecogen Inc. announced the formation of a joint venture company with a group of Strategic Investors for its patented Ultera™ emissions control technology. Ultra Emissions Technologies Ltd. was created to advance Tecogen's near-zero emissions technology for adaptation to transportation applications powered by spark-ignited engines (including gasoline, natural gas, and propane fueled vehicles) in the automobile and truck categories. Robert Panora, Tecogen's President, Chief Operating Officer, and one of the inventors of the Ultera technology will serve as JV co-Chief Executive Officer alongside Dr. Elias Samaras. Dr. Samaras is the founder, President and Managing Director of Digital Security Technologies S.A. and the Chief Executive Officer of EuroSite Power Inc. In addition to serving as co-CEO of Ultratek, Dr. Samaras has also been named as Chairman of the Board of Directors. The 50/50 joint venture company is incorporated in the Island of Jersey, Channel Islands.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
September 27, 2016
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Private Placement
August 4, 2016
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