FlexEnergy Inc, a greentech company based out of Irvine, California, is facing an interesting dilemma. They have jobs to fill, but due to the unique skill sets these jobs require, finding qualified applicants has proven to be a challenge. CNN’s Mary Snow visited FlexEnergy’s Portsmouth, New Hampshire facility to speak with Brett Luedde, director of business development, and Mark Schnepel, director of manufacturing. The company is hoping to add approximately 20 employees in the coming months.

FlexEnergy Inc is the developer of the world’s cleanest power platforms, transforming one of the world’s largest sources of greenhouse gases (low quality methane) from a source of pollution into a clean energy source. Currently, FlexEnergy Inc has successfully installed a Powerstation in Riverside, California’s Lamb Canyon landfill. In February, the military base Fort Benning announced they will install two Powerstations to convert the base’s landfill gas into its own electricity.

The Energy Systems business provides products, services, and solutions that enhance their customers’ energy efficiency, productivity, and operations. Their diverse and innovative products include environmentally friendly microturbines, microturbine systems and recuperators.

FlexEnergy has unveiled the innovative Flex Powerstation (http://www.latimes.com/business/la-fi-landfill-power-20100814,0,3888472.story) technology allowing the transformation of harmful and previously unusable methane gas into clean energy.

FlexEnergy CEO Joseph Perry states, “With the acquisition of a leader in microturbine technology, FlexEnergy will be able to provide a family of products from microturbines and recuperators to the complete Flex Powerstation. The integration of our revolutionary Flex Powerstation with Ingersoll Rand Energy Systems’ technology will provide customer solutions that utilize the broadest range of fuel sources while generating the industry’s lowest emissions.”

Ray Pittard, vice president of Ingersoll Rand’s climate solutions sector adds, “The combination of our Energy Systems business assets and the FlexEnergy system will provide a unique and differentiated solution for low emission power generation.”

The proposed acquisition is subject to customary due diligence, the execution of definitive agreements, and is expected to close in Q4 of this year. Ingersoll Rand will be a minority investor in the combined entity following the closing of the transaction.

About FlexEnergy

FlexEnergy (www.flexenergy.com) is committed to providing platforms utilizing existing, unconventional energy sources to create new, sustainable solutions.  FlexEnergy technology has taken one of the world’s largest sources of greenhouse gases and transformed it into an energy source for clean generation of electricity, offering energy recovery where it was previously impossible.

More than 300 million tons of methane seep into the atmosphere annually, most too dilute for current technology to destroy much less utilize to produce electricity. The Flex Powerstation runs effectively on many of these diluted waste streams, in concentrations too low for other conventional systems, and converts those waste streams (such as Methane) into renewable energy. Unlike other technologies, the Flex Powerstation creates electricity with near zero NOx or CO emissions, providing breakthrough solutions for landfills, coalmines and manufacturers needing to stay ahead of emissions regulations. For more information, visit www.flexenergy.com.

Media:

Brett Luedde

(949) 636-1501  brett.luedde@flexenergy.com

About Ingersoll Rand

Ingersoll Rand (NYSE:IR) is a world leader in creating and sustaining safe, comfortable and efficient environments in commercial, residential and industrial markets. Our people and our family of brands-including Club Car®, Hussmann®, Ingersoll Rand®, Schlage®, Thermo King® and Trane®-work together to enhance the quality and comfort of air in homes and buildings, transport and protect food and perishables, secure homes and commercial properties, and increase industrial productivity and efficiency. We are a $13 billion global business committed to sustainable business practices within our company and for our customers. For more information, visit www.ingersollrand.com.

###