Supplier Shorts: Powerit Solutions, Intralox in the news
May 7, 2009
SUPPLIER SHORTS: Powerit Solutions, Seattle, said it will use millions in new funding to build its business energy management and efficiency systems. Officials said Powerit received a $6 million investment from four groups: Siemens Venture Capital and ArcelorMittal's Clean Technology Fund, as well as from existing investors @Ventures and Expansion Capital Partners. Powerit said it will invest the capital and (1) accelerate growth in new industrial and commercial markets, (2) solidify its leadership in on-site energy management and (3) continue product development in key industrial vertical markets, including food and beverage processing. . . . Modular conveyor belting supplier Intralox LLC, Harahan, La., said received a silver medal for innovation during the European FoodTec Awards program this March at the Anuga FoodTec fair in Cologne, Germany.