Indiana shingle recycling technology company receives engineering grant Grant will allow engineering review of Freedom Energy Holdings Inc.’s SR-139 technology.
July 15, 2015
Freedom Energy Holdings Inc. CEO, Brian Kistler, has announced the Fort Wayne, Indiana-based company has received a grant from Elevate Ventures to hire an engineering firm to prepare the engineering review of its proprietary asphalt shingle recycling technology known as SR-139.
Kistler states, "It is with great pleasure and excitement that I announce that Freedom has been awarded an engineering grant from Elevate Ventures. I am further pleased to announce that we have engaged and AdapTek Systems of Fort Wayne, Indiana has accepted the project to perform the engineering analysis.
"The next phase for the SR-139 process is to take all the data we have accumulated over the last 4 years and have a professional engineering team create the specifications and drawing for the mechanics of the recycling process. It is a wonderful opportunity to partner with the partners of Elevate Ventures and AdapTek Systems and a very strong vote of confidence from them that we have been on the right track."
Elevate Ventures nurtures and develops emerging and existing high-potential businesses into high-performing, Indiana-based companies. Elevate accomplishes this by providing rigorous business analysis and robust advisory services that connect companies with the resources they need to succeed long-term. As a not-for-profit organization, it is able to offer unbiased, in-depth perspective and recommendations. Elevate Ventures seeks out business endeavors that identify a need in the marketplace and are well-positioned to successfully transition from research to product development to market.
Adaptek Systems is provides standard- and custom-designed automated production equipment solutions. Since 1989 the Adaptek Team has been part of the production success for hundreds of our clients involved in producing precision electromechanical components. Adaptek's combined engineering expertise in cost effective production systems and our flexibility in design concepts, offers you the many options needed to remain competitive and profitable. Each unique solution offers the best matched technology, rapid return on your investment and rock solid reliability. Adaptek Systems is Productivity Delivered.
Freedom Energy Holdings Inc. is a holding company that specializes in the identification and development of technologies with commercial applications. The company's primary focus is the commercial development of its proprietary, breakthrough technology; (SR-139) proven to be effective at breaking down asphalt shingles allowing the extraction and recovery of hydrocarbons.
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