Lynntech Industries Renamed To Fideris Inc.
October 27, 2004
For Immediate Release
Test solutions specialist announces name change, opens new headquarters office in Massachusetts
LOWELL, Massachusetts (August 2, 2004) — Lynntech Industries, Inc., a leading developer of innovative test solutions, today announced it has renamed the company to Fideris™ Inc. The new name reflects the company's commitment to delivering independent, trusted test solutions to fuel cell developers, integrators, and universities around the world. In addition, the company also announced the opening of its new corporate headquarters in Lowell, Massachusetts.
The name Fideris is derived from the Latin word confidere, which was formed from the root word fidere meaning “trust.” The letters i and s stand for “innovative solutions.” Phonetically, the name sounds similar to “fidelity.” Combined, the name expresses the companys core value proposition and mission to become the worlds #1 trusted advisor and supplier of innovative test solutions.
“Our search for a new name focused on both tangible and aspirational aspects of our business,” said Jeffery Bentley, CEO of Fideris Inc. “The name had to accurately reflect our promise to customers while being true to our staff, capabilities, and resources. We feel strongly that, in time, the name Fideris will become synonymous with test solutions that instill confidence and trust.”
The new Fideris corporate headquarters is located at 150 Industrial Ave., Lowell, Massachusetts 01852 USA. The company will continue providing technical support, as well as product manufacturing and distribution, from its facility in College Station, Texas. The company also announced it is currently engaged in a corporate-wide rebranding initiative, the results of which will be unveiled later this year.
Fideris Inc. (www.fideris.com), formerly Lynntech Industries, Inc., is a preeminent supplier of innovative test solutions and offers the greatest breadth and depth of fuel cell test stations, testing equipment, supplies, and services in the world. Working in close partnerships, we help customers maximize their R&D resources, minimize operating costs, and accelerate product development. With test stations ranging in size from below 1 Watt to over 100 kW and spanning all chemistries including PEMFC, SOFC, MCFC, and DMFC, Fideris provides fuel cell developers, integrators, and universities alike with the most powerful, versatile, and trusted solutions available in the market today. Fideris is an employee and investment-owned company funded by energy-related venture capital firms Chrysalix Energy Limited Partnership of Vancouver, BC, Braemar Energy Ventures of New York, NY, and Altira of Denver, CO.
About Braemar Energy Ventures
Braemar Energy Ventures is a venture capital fund making early- to mid-stage investments in the energy technology sector. The firm's principals have invested in more than 60 companies in the sector and have more than 100 years of combined technical, operational and financial experience in energy and energy-related industries. Braemar partners with exceptional companies and management teams, in both alternative and traditional energy markets, that can contribute to a more profitable and efficient energy landscape through innovation and marketplace expertise. Additional information is available at BraemarEnergy.com or on Twitter at twitter.com/braemarenergy or @BraemarEnergy.
For more information
- Alison McIntyre
- Prosek Partners
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