AIX-EN-PROVENCE, France--(BUSINESS WIRE)--SP3H, a Young Innovative Enterprise (YIE) and the fuel profiling1 leader, announces that it ranked 2nd in the CleanTech Open Global Ideas Competition at the CleanTech Open Global Forum in San Jose, California on November 8 and 9, 2012.
“Being recognized in San Jose, the heart of Silicon Valley for our work and achievements in sustainable development is a great source of satisfaction and pride for SP3H. I would like to thank CleanTech Open France for their support and helping us bring SP3H to such a wonderful limelight.”
The CleanTech Open Global Ideas Competition brought together 120 of the most promising cleantech start-ups selected out from 3000 companies, reuniting the latest in cleantech international entrepreneurs, the investment and cleantech community, corporate partners and like-minded business leaders.
“We are very honoured to have been awarded the 2nd position in this edition of Global Ideas Competition Awards,” said Alain Lunati, SP3H's founder and Chairman. “Being recognized in San Jose, the heart of Silicon Valley for our work and achievements in sustainable development is a great source of satisfaction and pride for SP3H. I would like to thank CleanTech Open France for their support and helping us bring SP3H to such a wonderful limelight.”
SP3H was rewarded by the CleanTech Open France Competition earlier this month for its industrial and technological developments focusing on the three aspects of sustainable development: economic profitability, social responsibility, and protection of the environment. This award gave SP3H the possibility to compete against 35 other countries at the Global Forum.
SP3H was founded in 2005 by Alain Lunati and is based in Aix-en-Provence in southern France. The company is now a leader in the field of fuel profiling. With over 20 years of experience in fuel refining, the SP3H team has developed a miniaturized optical sensor called the Fuel Quality Sensor Solution which reduces CO2 emissions, fuel consumption and pollutant emissions and improves engine reliability and performance. SP3H benefits from the "Young Innovative Company" fiscal status and has been eligible for France's research tax credit since its incorporation. In January 2010, the company obtained a €6.2 million equity investment, including €4.5 million from its longstanding institutional investor, Truffle Capital.
For further information: www.sp3h.com
1 Molecular structure identification