Chicago – Global Midwest Alliance today announced that Global Green Products LLC (GGP) is the winner of the 2013 Polsinelli Innovation Competition. GGP develops, manufactures, markets and sells “green” polymer products that are used to keep oil and natural gas wells and shale formations clean of scale and deposits to maximize the production of oil and natural gas. The competition was held on September 10 during the Alliance’s annual clean tech industry program, What’s in the Future for Clean Tech?, which featured the Polsinelli Innovation Competition Showcase. HE System Technologies of nearby Willowbrook and Altium Energy, Inc., based in Des Plaines, IL, were runners-up in the competition.
Global Green Products, LLC markets a series of catalyzed polymer based products that are environmentally friendly, biodegradable, non-hazardous, non-toxic, hypoallergenic and easy to use. These catalyzed polymer products are made from a natural ingredient, L-aspartic acid, using benign processes that are also environmentally safe. GGP also provides technical service capabilities to help customers use the most effective products to optimize their operations. GGP’s patented “end-cap” polymer technology represents second generation products and show outstanding performance and biodegradation properties.
Two Chicagoland companies were runners-up in the Polsinelli Innovation Competition. The first runner-up, HE System Technologies, based in Willowbrook, IL, was represented at the competition by Jim McSweeney. HE System Technologies produces natural gas refueling compressor systems. Through proprietary design and manufacturing techniques, they have developed the most advanced, reliable, safe and cost-effective natural gas refueling system available. The company’s system expands the market to smaller fleets while maintaining the ability to scale up to larger applications.
Second runner-up, Altium Energy, Inc., is a brand new start-up formed to commercialize a patented flow battery invented at the Gas Technology Institute (GTI) in Des Plaines, Illinois. Its products represent a breakthrough in cost and energy density for stationary energy storage applications. The company was represented at the competition by Neil Kane.
The Polsinelli Innovation Competition is a preeminent venue for entrepreneurs in new clean and green technologies to present venture-ready business ideas to the scientific and research communities and potential investors. Inventors submit their products, services or processes to a qualified panel of experts—competing not only for a cash award and a Tech Start-Up Legal Service Package valued at $10,000 (sponsored by Polsinelli), but also for opportunities to explore licensing and funding, network with investors and help their ideas become reality. Submissions are judged by a panel of experts representing regional universities, venture capitalists and clean tech business executives.
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