PASADENA, Calif. (PRWEB) March 25, 2018
Jean-Michel Gires, an energy industry veteran, has joined the Board of Directors of Fluid Efficiency Corporation. Mr. Gires was previously the CEO of Total Canada, where he played a key role in developing Total’s production assets in Canada. He led the formation of Total Energy Ventures, one of the world’s leading Corporate Venture Capital groups focused on the energy industry. Since retiring from Total he has played a leading role in the startup community in Alberta, serving on several public and private company boards.
“We are very excited to add Jean-Michel to the team,” said Dr. Simon Jones, co-founder and COO of Fluid Efficiency. “His experience and strategic acumen will help us focus and accelerate our commercial efforts. This appointment further demonstrates our commitment to engaging deeply with the energy industry to solve key pain points.”
Originally developed at Caltech to control misting in fuels to eliminate explosions, Fluid Efficiency's MegaSupraMolecules™ (MSMs) are a suite of molecules that makes fuels safer, improves the viscosity index of lubricants, and makes oils easier to move through pipelines. MSMs are made up of smaller units ("long telechelic end-associative polymers") that self-assemble into very large supra-molecules that improve the material properties of organic liquids. The individual units are small enough to resist degradation even under high-temperature, high-shear conditions like engines and pumps.
“Making fluids move smoothly is a universal problem in the energy industry,” commented Mr. Gires. “Fluid Efficiency’s technology represents a fundamentally new class of additives to improve fluid properties. Working in the Canadian oil fields, I saw first hand the challenges of efficiently, safely and cheaply moving product from field to end-use. Therefore I can clearly see the impact that Fluid Efficiency will have as its products reach customers.
“What really made the company stand out to me is the 4 customers they’ve already signed contracts with, and the promising results they’ve seen. I am excited to assist the company in building long-term customer relationships in the energy industry.”
Fluid Efficiency is a Caltech spin-out that makes lubricants, fuels and oils safer, longer-lasting and more efficient to move. Their core products are self-assembling polymer additives that modify viscosity, reduce explosiveness, and improve pumpability. For more information visit http://www.fluidefficiency.com