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Angels, Desjardins Innovatech invest $600,000 in Gullivert Technologies

Maxime Detraux and other members of Anges Québec, and Desjardins Innovatech, a fund managed by Desjardins Capital de risque, have together invested $600,000 in Gullivert Technologies Inc. Founded in 2009, the Québec City-based Gullivert is a developer of air compressor technology capable of generating savings in such industries as pharmaceuticals, food, electronics, mining and automobiles. Funding proceeds will enable the company to complete its first industrial test models and anchor the product on the market. Anges Québec manages a network of 150 investors that has to date backed 47 early-stage companies.

PRESS RELEASE

Three angels participate in a $600 K investment in Gullivert Technologies

(Quebec City, June 26th, 2014) – Three members of Anges Québec, including angel investor Maxime Detraux, have invested $400 K in Gullivert Technologies, which can also count on a $200 K investment from Desjardins Innovatech. The Quebec company has redesigned the mechanics of industrial air compressors and developed the only technology in the world capable of compressing gas directly using belt technology, allowing industries to reduce their energy consumption.

Substantial savings for the industry
Air compressors are the source of many products and services used in everyday life, in addition to being essential for most pharmaceutical, food, electronic, mining, and automobile and other industries. The new Gullivert Technologies belt compressor will generate savings of 8 to 12% for the air compressor industry and the production of noble gases. A significant factor when you realize that over 10% of total industrial electrical consumption comes from air compressors and the total cost is constantly increasing.

The right time to move forward
Angel investor Maxime Detraux of Anges Québec found the timing to be right to invest in the company: “Gullivert is about to roll out a unique technology in the world that enables energy-intensive companies to realize substantial savings. They’ve developed expertise and know-how unique in North America in the field of oil-less compressors.” Marc-Alexandre Curodeau, founder and CEO of Gullivert Technologies, explained: “The investments announced today will enable us to complete our first industrial test models and anchor the product on the market. We will also be able to prove, in front of the major industry players, the real savings that can be made with our compressor. 2014 is shaping up to be a great year for us!”

About Anges Québec
Anges Québec is a network of 150 private investors that identifies, finances and coaches innovative Quebec enterprises with high growth potential. In this capacity, Anges Québec works closely with a number of key Québec organizations interested in the development and growth of technological innovations. So far, Anges Québec members have invested and reinvested in 47 promising businesses in the seed and startup phases.

About Maxime Detraux
With over 12 years of experience in an international accounting firm (PwC), Maxime Detraux, chartered accountant, has acquired solid experience in public and private companies in a variety of fields, including natural resources, energy, manufacturing and retail. Maxime is now vice-president and co-founder of Oxygène Investissement Ltée, a private company which positions itself as a business accelerator.

For more information about the Anges Québec network, go to www.angesquebec.com

To keep track of news and activities, join Anges Québec on LinkedIn.com

Source :
Anges Québec
François Gilbert
Président-directeur général
fgilbert@angesquebec.com
418-261-0011

Photo courtesy of Gullivert Technologies Inc