Detroit’s Inventev Wins Top Honors in Michigan Business Plan Competition; Also Reaches Finals in Chicago-based Clean Energy Challenge

February 12, 2014 - Inventev, with its power generation and hybrid drive technology, was awarded First Place Emerging Company in the Great Lakes Entrepreneurs Quest (http://gleq.org/) Fall cycle of the competition as announced January 30th at Michigan’s Annual Collaboration for Entrepreneurship 2014 in Livonia.  Along with the $5,000 cash award for having the best business plan, Inventev receives a presentation slot at the Michigan Growth Capital Symposium in June.

Also recently announced, Inventev has been chosen one of several finalists in the regional Clean Energy Challenge competition in Chicago, sponsored in part by the U.S. Department of Energy with top awards reaching $100,000.  This competition will conclude with an awards event and exposition on April 3rd in Chicago(http://www.cleanenergytrust.org/challenge/).

Founder and CEO Dave Stenson said, “We are very pleased to see our fundamental commercialization plans recognized by independent judges representing non-profit public policy groups as well as private funding entities including venture capitalists.  Inventev is confident that with the seed funding we are currently seeking we will be on our way to commercialize our patent pending driveline system to benefit medium duty commercial fleet customers.”

By using the same motors that will electrically drive the truck to generate utility-grade power when stationary, the Inventev system becomes very capital efficient versus trailer-mounted generators that can sit unused most of the time…often not maintained to be “ready” in case of emergency use.  The system also supports idle-free powering of hydraulics for uses such as aerial devices on utility trucks.

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