Xconomy Boston

Oil Purification Systems Lands $2,500,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=346fdab8-872d-4c37-babb-217734a3fef9&Preview=1
Date
6/9/2009
Company Name
Oil Purification Systems
Mailing Address
4 Research Drive Shelton, CT 06484
Company Description
Oil Purification Systems, Inc. (OPS) is the developer of the OPS-1, a patented onboard oil refining system that streamlines oil maintenance routines for large vehicles and industrial equipment.
Website
http://www.oilpursys.com
Transaction Type
Venture Equity
Transaction Amount
$2,500,000
Transaction Round
Undisclosed
Proceeds Purposes
The latest round of funding will enable OPS to further expand its product offerings into existing and new industries, and provide increased support for its growing customer base.
M&A Terms
Venture Investor
Undisclosed
Venture Investor
Connecticut Innovations