Fusion Coolant Systems' rubber is hitting the road and gaining traction for its environmentally friendly cutting fluid.
"We're getting our first sales revenue now," says Tom Gross, CEO of Fusion Coolant Systems
. "We're getting tremendous opportunities in process development and research revenues. We have a couple of big deals out there right now."
The graduate of Ann Arbor SPARK's East Incubator
in downtown Ypsilanti is commercializing an environmentally friendly cutting fluid for industrial uses. That technology eliminates toxic cutting fluids in metal processing for industrial sectors such as aerospace. It also improves cutting tools performance while reducing the wear.
The Ypsilanti-based start-up has received a shot in the arm from the Michigan Microloan Fund
and the Detroit FIrst Step Fund
worth five figures and is working on raising more money for product development and commercialization. The company, which employs four people and an independent contractor, is currently looking to hire business development specialist and a service technician.
Fusion Coolant Systems
, which recently made it to the semi-finals of the Accelerate Michigan Innovation Competition
, is also planning to open a tech center in Detroit at the Focus: HOPE
facility that specializes in advanced manufacturing and research and development. The company still plans to maintain its presence in Ann Arbor and Ypsilanti.
Source: Tom Gross, CEO of Fusion Coolant Systems
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.