|By PR Newswire||
|September 26, 2012 10:34 PM EDT||
AUSTIN, Texas, Sept. 26, 2012 /PRNewswire/ -- Veros Systems, Inc. was named as one of the 10 Most Promising Energy & Clean Technology Companies.
"We are excited to part of the Rice Alliance for Technology and Entrepreneurship," said Veros Systems CEO, Allan Wilson. "This award recognizes over 15 years of successful testing in laboratory and live field environments."
"Every year the quality of companies improves," said Rice Alliance managing director Brad Burke, who presided over the announcement of the winners of the Most Promising Energy & Clean Technology Company awards at the event. "Over the past 12 years, more than 1,020 companies have presented at Rice Alliance Technology Venture Forums. These companies have raised more than $2.1 billion in funding. This speaks to the quality of the companies and to the robust entrepreneurial ecosystem of investors that has been developed to support these companies."
About Veros Systems
Improved management of physical assets has been cited as the single largest business improvement opportunity in the 21st century. Veros Systems provides an intelligent, Web-enabled, software solution that continuously monitors and autonomously assesses electric machines to detect developing problems. The software displays early warning of any developing faults or anomalies that could cause sudden machine failures or changes in operating efficiency. It achieves this by continuously analyzing electrical waveforms for evidence of electromechanical faults and inefficiencies. Resulting clear and actionable intelligence allows customers enough time to implement corrective action, avoid costly repairs, and reduce unexpected downtime.
About Rice Alliance for Technology and Entrepreneurship
The Rice Alliance for Technology and Entrepreneurship (Rice Alliance) is Rice University's nationally recognized initiative devoted to the support of technology commercialization, entrepreneurship education, and the launch of technology companies. It was formed as a strategic alliance of three schools: the George R. Brown School of Engineering, the Wiess School of Natural Sciences and the Jesse H. Jones Graduate School of Business in collaboration with the Vice Provost and the Office of Research.
For more information on Veros Systems, visit www.VerosSystems.com,
Media Contact: Paul Hamel at +1.979.764.6600
SOURCE Veros Systems Inc.