Holliston, MA (PRWEB) November 29, 2006
Rypos, Inc. announced the election of two new corporate directors at its board of directors meeting today: Christopher Demisch, 30-year veteran investor, portfolio manager and analyst whose credentials include Lehman Brothers, First Boston and Marchessini & Demisch, and Dennis Speliotis PhD, technology consultant with ADE Technologies. ADE, a measurement and inspection systems leader in the manufacture of semiconductors, magnetic data storage and optics, was recently acquired by KLA-Tencor Corporation (NasdaqGS:KLAC).
US and California EPA officials recognize Rypos as a leading developer of automatically regenerating diesel emission filtration for large engines. Rypos Automated Diesel Particulate Filters efficiently cut soot while markedly conserving fuel and lowering maintenance costs. Depending on configuration, Rypos filters also play a role in reducing Nitrogen Oxides from Diesel exhaust. The filters are in use at major public works projects in the US and in Asia.
Demisch has been an aerospace and technology sector analyst and portfolio manager with public and private organizations, among them National Aviation Corp, CitiCorp, Craig Drill Capital and McFadden Brothers. He has served as a director of emerging technology companies including Evans and Sutherland Computer Corp. in Salt Lake City.
Raised in Germany and later in Canada, Demisch served as a Flying Officer in the Royal Canadian Air Force. He holds a Master of Business Administration degree from Harvard University, as well as a Bachelor of Science degree in Mechanical Engineering and a Bachelor of Arts in English degree from Queen's University in Kingston, Ontario. He lives in Saddle River, New Jersey.
Dennis Speliotis, PhD
Dr. Speliotis founded Digital Measurement Systems, Inc, where he served as president and co-founded Micro-Bit Corp where he served as vice president and general manager.
His earlier career included serving as IBM's manager of advanced recording technology.
His academic credentials include a Bachelor of Science degree in electrical engineering from the University of Rhode Island, a Master of Science degree from Massachusetts Institute of Technology, and a Doctorate degree in solid state physics from the University of Minnesota. He was named an associate professor at the University of Minnesota where he founded and directed the Magnetics Research Lab known as MINT.
In addition to his being instrumental in the founding of profitable magnetics and information storage companies, Dr. Speliotis is a sought after authority on advanced magnetic recording media for high density magnetic recording. He is an IEEE Fellow and distinguished lecturer who has delivered more than 50 invited lectures and authored some 300 technical papers. A native of Greece, Dr. Speliotis has consulted with more than 100 corporations worldwide on computers, magnetic and information storage technology and other technical issues.
In announcing the new members to the Rypos Corporate Board, Klaus Peter, president, stated, "We are pleased to welcome Christopher Demisch, a world-class institutional investment leader with a deep knowledge of many industries we serve and Dennis Speliotis whose achievements have made him a scientific leader whose expertise has contributed to the success of the most recognized corporations in the world. Having Christopher and Dennis on our board will lead us to a new level of technical development and recognition within the financial community. We look forward to a long and successful relationship that will contribute to Rypos becoming the solution of choice among industries that depend on clean efficient diesel power."
Rypos Background and Emerging Markets
California EPA and US regulations, together with voluntary clean air action by corporations, is creating a growth market for Rypos and other clean-diesel technology companies. Markets include new engine manufacturers as well as existing engines that have to be retrofit to meet new environmental requirements. High fuel costs and the introduction of ultra low sulfur fuels are also fueling demand for efficient diesel engines.
Rypos' active regeneration technology is a vast improvement over passive ceramic filters that require high exhaust temperatures to work, which is not always possible in cold climates or when engines run intermittently. When the Rypos filter cartridges need to be cleaned or regenerated, a microprocessor sends an electric current through a sintered metal filter element. The current heats the conductive element and regenerates the filter by burning off accumulated particles. Efficiency is remarkable, less than a 1% fuel penalty to regenerate the filters - far lower than competing systems.
Meets California Air Resource Board (CARB) standards
In addition to custom applications, the company developed and manufactures two product categories -- the CARB-Verified Rypos ADPF™ and the Rypos ADPF/C™. Both filters are designed for OEM manufacturers and to retrofit engines ranging from 100 kW to 2 MW. The Rypos ADPF™ is designed for older diesel engines operating on high-sulfur fuel. During tests on standby generators, The Rypos ADPF™ exceeded CARB's Level 2 Verification standard by reducing total particulate matter by well over 60%. CARB also granted Rypos conditional verification for diesel-operated pumps typically used in farming and oilfields.
The Rypos ADPF/C™ is configured with a diesel oxidation catalyst (DOC) to further reduce the soluble organic fraction, hydrocarbons, and carbon monoxide. Soot, or particulate matter reduction ranges as high as 90% with the Rypos ADPF/C™.
CARB Verification covers diesel engines produced from 1996-2007 by manufacturers such as Caterpillar, Detroit Diesel Corporation, Daimler/Chrysler, Komatsu, Iveco, Deere, Perkins, Volvo Penta, Cummins, Daewoo, GMC, Nissan Diesel, Mitsubishi, Isuzu, Kubota, Lombardini Motori, Scania, International Trucks and numerous others.
In addition to diesel generators, pumps, construction equipment, locomotives and marine vessels, the mining industry is evaluating the Rypos ADPF™ and ADPF/C ™ filters to meet stringent underground clean air requirements.
RYPOS, Inc. (http://www.rypos.com), is a developer, manufacturer and marketer of advanced self-regenerating filters for diesel engines. Rypos Contact: Evan H. Ypsilantis, Director of Sales at: 508-429-4552 email: ey @ rypos.com
Editorial contact Dick Pirozzolo, 781-235-9911 or email dick @ pirozzolo.com