7AC Technologies Inc., a Woburn, Mass.-based developer of high efficiency heating, ventilation and air conditioning (HVAC) systems that use liquid desiccant technology to remove humidity from the air, has received an investment of undisclosed amount from 3M New Venture.
Led by Peter Vandermeulen, CEO and founder, 7AC Technologies develops its systems for Commercial and Industrial (C&I) buildings delivering a 50%+ reduction in energy costs over conventional HVAC units.
Commenting on the investment, Mr. Vandermeulen, said: “….. As we move into the commercialization and volume ramp phase of our development the addition of 3M to our growing list of partners will serve to strengthen our ability to bring liquid desiccant solutions to mainstream HVAC applications”.
FinSMEs
20/07/2012