Founders Wanted announces Petram Technologies, a new company focused on safe, green blasting solutions

Cambridge, Mass., Jan. 30, 2017 /PRNewswire-iReach/ -- Founders Wanted today announced Petram Technologies, a new company that will focus on solutions for the blasting industry, in particular the challenge of providing environmentally friendly, safe and economical alternatives to explosives and traditional fracking.  Petram's approach is based on patented technology originally developed with NASA funding.  Frank Magnotti, former founder of Comverge and  CEO of Fluitec, will be Chairman, Chief Executive Officer and a founding investor.

"We're excited to partner with Frank on bringing ground breaking innovation to the construction, mining, and oil and gas exploration industries", said Mark Pascarella, CEO of Founders Wanted, a startup creation firm.  "Strong intellectual property and a world-class founder is the starting point for a successful business."

"Using just electricity, a small amount of liquid, and a little ingenuity, we create a plasma and a blast which fractures the rock", explained Mr. Magnotti, who will also serve as Chairman of the new venture. Fine tuning the method in the field provides several benefits, such as the lack of flyrock, which can be dangerous to the surrounding environment, and expensive to control, in addition to the absence of any pollutants during the process. "This means we can operate near roadways or even urban areas and reduce noise pollution and traffic re-routing. Who would have thought that blasting is now Cleantech?"

Mr. Magnotti founded Comverge (NASDAQ: COMV), the first smart grid company to go public in 2007. Comverge won the Top Cleantech Company twice. Fluitec won Top Cleantech Innovation Awards at the Cleantech Forum in New York and Paris in 2010 and 2011.

Interested parties will be able to meet with Petram Technologies at the upcoming International Society of Explosives Engineers Conference in Orlando from Jan 29th - Feb 1st.  Following a successful pilot program, Petram Technologies is currently seeking business opportunities, including potential franchise owners, corporate partners, and strategic investors in CleanTech.

About Petram Technologies: Petram Technologies transforms fracking and rock blasting into clean, safe and green industries through its use of patented technologies and environmental awareness.  Visit www.petramtechnologies.com to see a video demonstration.

Media Contact: Samuel Peret, Petram Technologies, 516.279.3402, info@petramtechnologies.com

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SOURCE Petram Technologies



2018

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Science & Tech


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Green Technology, Construction & Building, Environmental Issues


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