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Ypsilanti start-up Fusion Coolant Systems enters market place
Friday, December 17, 2010
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Fusion Coolant Systems expects to close its first sale this month and expects to begin generating enough revenue in 2011 to sustain itself.
The downtown Ypsilanti-based start-up, which calls
Ann Arbor SPARK's East Incubator
home, is commercializing an environmentally friendly cutting fluid for industrial uses.
That technology eliminates toxic cutting fluids in metal processing for industrial sectors such as aerospace. It also improves cutting tools performance while reducing the wear.
It recently received a shot in the arm from the
Michigan Microloan Fund
. That bit of hard-to-find financing will help it tie up a whole host of business loose ends, such as product development, marketing, and sales development.
"It's difficult to get. There is tremendous competition," says Tom Gross, CEO of
Fusion Coolant Systems
. "Without this funding, this technology would still be sitting in a lab at the University of Michigan."
The company has grown its team to seven people, adding one more since this fall.
Source: Tom Gross, CEO of Fusion Coolant Systems
Writer: Jon Zemke
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Related Tags
Angel Funding
,
Emerging Technology
,
Research / Tech Transfer
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Related Company
Fusion Coolant Systems
Ann Arbor, MI 48104
The University of Michigan spinout has created an environmentally friendly fluid that eliminates toxic cutting fluids in metal processing for industrial sectors such as aerospace. The new technology also improves cutting tools performance while ...
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