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Woodward
Governor Inventor Launches New Clean Tech Company with SuperTurbo™ Technology and 12 Employees
Fort
Collins, Colorado, September 22, 2009 – VanDyne SuperTurbo,
Inc.™ announced today it has spun out of Woodward Governor
(Nasdaq.gs - WGOV). The Company has attracted private investors
to help finance the commercialization of its revolutionary
fuel efficiency product, which can provide more than 25% fuel
savings to car owners in the future. VanDyne SuperTurbo, Inc.™ is now an independent company specializing in the design,
development and production of SuperTurbos™ for the global
automotive market and for heavy duty engine manufacturers.
“We
are effectively a new company determined to develop products
that will help our customers cut the fuel consumption and
reduce the carbon emissions of their engines, no matter what
fuel they are using,” said Ed VanDyne, Founder and President
of the new company. “Woodward's management has been tremendously
supportive of our efforts and I'd like to thank them for maintaining
their involvement with the spin-out.” Woodward Governor
will continue to support the new Company while retaining a
significant equity position in the new company.
Thomas
A. Gendron, Chairman and Chief Executive Officer of Woodward
Governor, said: “We've been impressed with the job Ed
VanDyne and his team have done in developing the SuperTurbo™ technology. VanDyne's focus on the high-volume automotive
market was not a fit with Woodward's core business of Aerospace,
Power Generation and Industrial Controls. As such, we agreed
that VanDyne SuperTurbo, Inc.™ should operate as an independent
company. However, Woodward is retaining a minority stake in
this exciting new company.”
“We
are able to provide Automotive companies with the opportunity
to downsize their engines and to still maintain the same horsepower
levels of the larger engines,” said Mr. VanDyne.
The
VanDyne SuperTurbo™ combines the low-speed performance
of a supercharger with the energy extraction capabilities
of turbo-compounding (exhaust waste heat energy collection).
By coupling a turbocharger to an infinitely variable transmission
the SuperTurbo™ can help make the same power from an engine
half the normal size. The result is a 25-30% improvement in
vehicle efficiency over existing gasoline-powered engines
and 7-10% improvement over existing diesel-powered engines.
The first VanDyne SuperTurbos™ for customers are slated
to go into low volume production in late 2011. The new Company
will ship the second generation prototypes to customers in
October of this year.
VanDyne
SuperTurbo™ now has 12 employees in Fort Collins and expects
to create 25 new jobs next year, as customer programs expand
into development. With the help of Woodward, the new Company
has new engine test facilities located on the Campus of Colorado
State University. VanDyne SuperTurbo, Inc.™ is an active partner
in the FortZed renewable energy smart grid demonstration program.
About
VanDyne SuperTurbo, Inc.™
VanDyne
SuperTurbo, Inc.™ is an innovative engineering based company
focused on the development and production of SuperTurbos™ for its engine manufacturing customers around the world. The
Company is moving fast toward the commercialization of its
revolutionary fuel efficiency product line, which can provide
more than 25% fuel savings to car owners in the near future.
The Company is currently working with customers in the Automotive,
Agriculture, and On-Highway Truck markets. VanDyne SuperTurbo,
Inc.™ is headquartered in Fort Collins, Colorado USA.
About
Woodward Governor Company
Woodward
is an independent designer, manufacturer, and service provider
of energy control and optimization solutions used in global
infrastructure equipment. We serve the aerospace, power generation
and distribution, and transportation markets. Our systems
and components optimize the performance of commercial aircraft;
military aircraft, ground vehicles and other equipment; gas
and steam turbines; wind turbines; reciprocating engines;
and electrical power systems. The company's innovative fluid
energy, combustion control, electrical energy, and motion
control systems help customers offer cleaner, more reliable
and cost effective equipment. Our customers include leading
original equipment manufacturers and end users of their products.
Woodward is headquartered in Fort Collins, Colorado USA.
For
further information, please contact Mark Herbst,
Chief Operating Officer at VanDyne SuperTurbo,
Inc.™
tel:
970-818-7086
Download
full press release (PDF).
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