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Hydrovolts Awarded $50,000 ZINO Green FundFriday, May 15, 2009 | By: Mary Holmes
FOR IMMEDIATE RELEASE Contact: Mary Holmes 206-621-0466
ZINO Society’s $50,000 ZINO Green Fund Awarded to Hydrovolts
SEATTLE – May 14, 2009 – The winner of ZINO Society’s $50,000 ZINO GreenFund is Hydrovolts, as announced at the May ZINO Society Roundtable meeting. Hydrovolts has developed a hydrokinetic turbine, that is simply dropped in the water without dams/weirs/penstocks or poured concrete. Initial markets are irrigation canals and constructed waterways and expanding to natural waterways and global markets. “This is a cheaper, greener, simpler solution to power generation from water,”: stated Burt Hamner, Hydrovolts, CEO. “Our new technology makes it possible to generate renewable energy from fast water currents that could not be tapped before, using a really novel turbine design. It’s a challenge to explain it quickly and the presentation coaching and business model feedback we received from ZINO Society members was incredibly helpful. The award of the ZINO Green Investment Fund will help us achieve the full funding we seek and we are looking forward to working with the Fund investor group as our company grows.”
”Three years ago when we launched the ZINO Green Investment Forum, Clean Tech was barely on the investment radar screen. This year as the fund investors described the kind of company we envisioned awarding the ZINO Green Investment Fund , Hydrovolts exactly fits that vision.,” said Cathi Hatch, ZINO Society CEO.
The runners up, who were also worthy contenders for the ZINO Green Fund, are Teslavision and SpringStar. Teslavision creates dynamic, energy efficient signage that is thin and flexible, lighted and animated, for all applications of static and digital displays. SpringStar, Inc makes highly effective, pesticide-free/low toxicity insect control products.
ZINO Society hosted the ZINO Green Investment Forum, April 22, 2009 at the Seattle Pan Pacific Hotel. Twelve pre-screened and coached entrepreneurial companies exhibited and presented their business plans to investors. VIP speakers and panelists at ZINO Green included Dean Allen, CEO, McKinstry, Michael Butler, Chairman & CEO Cascadia Capital, Zaid Ashai, Sr. Associate, Good Energies, Chris Martin, President, CleanScapes, Lars Johansson, Board Member, Northwest Energy Angels, Gregg Semler, Managing Director, Pivotal Investments, and the moderator, Haeryung Shin, Attorney, Davis Wright Tremaine. Following the event, ZINO Green Fund investors participated in due diligence as a group and the $50,000 ZINO Green Fund was awarded at the ZINO Society Roundtable Investment meeting on May 12.
ZINO Green Presenting Companies
American International Motors tngscooters.com Tom Lynott
Clarian Technologies, clariantechnologies.com Chad Maglaque
Divvy divvy.com Aaron Freed
Eco Carpet ecocarpet.net Peter Klauser
Elektronova elektronova.com Lawrence Winnereman
Green Lite Motors greenlitemotors.com Tim Miller
Hydrovolts hydrovolts.com Burt Hamner
MSR Innovations msrinnovations.com Bill Richardson
New Earth Technologies newearth1.net Colm Gent
SpringStar springstar.net Mike Banfield
Teslavision teslavision.com Sandy Zogg
WEND Magazine wendmag.com Ben Finklea
About ZINO Society
ZINO Society is a membership network that connects accredited investors with entrepreneurs seeking funding and connects people for business and social interaction, enrichment, education and commerce. Since its inception, ZINO Society has facilitated angel funding in excess of $11.9 million for early-stage and expansion businesses. More information can be found at zinosociety.com
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