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
Founded in 2003, Braemar Energy Ventures is a leading venture capital firm focused on transformative energy-tech and related companies contributing to global sustainability and combating climate change. Using sector expertise and experience, Braemar aims to be an engaged partner with its portfolio companies to best help them navigate the path to significant global impact. For more information, visit braemarenergy.com or follow @BraemarEnergy on Twitter.