Changing the world one mile at a time
Category: Transportation | Region: Southeast
www.ng1tech.com | @ng1tech | facebook.com/Ng1TechFloExhaust
CEO: Cynthia O’Donnell | CTO: Dustin Nord
Elevator pitch: NG1 has discovered how to increase flow rates of gases or fluids moving through a tube. When adapted as a retrofit exhaust system, we instantly became one of the top fuel-saving devices on the market today. Our product is unique in the industry because it has shown double-digit fuel savings while also improving torque and reducing emissions.
How we make a difference: For Class-8 trucks (18-wheelers), this product creates engine efficiency that saves fuel. The product is easy to install and the customer payback is within 3-4 months — and it does not negatively affect the engine. With our technology, every $2,400 spent for an 18-wheeler system can earn the customer back $7,000- $10,000 per truck/year in fuel savings, while eliminating 40,000 lbs. of carbon emissions per truck at just 10 percent fuel savings. NG1 TechFlo Exhaust is the fastest way to decrease PM emissions of aftermarket trucks and diesel engines without changing supply chain or customer behaviors. Widespread adoption could provide rapid reduction in carbons emissions in the trucking sector.
If we win? Winning the Global Forum would be a huge win for our company for several reasons. The award provides continued validation of our technology to the world and the win would be an incredible launchpad for getting the word out about the product to industry sectors. We are ready to launch so winning would give us capital to get our inventory in place and accelerate our go-to-market efforts. The Cleantech Open has already helped us make contacts with strategic partners and funding sources that have been beneficial.
Cleantech Open anecdote: The process far exceeded our expectations in how it assisted our business development. The experience, connections, and meeting all the successful people with great ideas has been wonderful. What we found beyond the assistance the process has given us. Many of the ideas, technologies, and projects can work synergistically together to solve other problems. So it’s logical to see that there may be partnerships with even some of our Cleantech Open competitors in the future.