Cleveland, Ohio (January 2, 2019)—Innovest Global Inc., a conglomerate with operations in commercial and industrial products and services, biotechnology, construction and building materials, won a $1.1-million contract with SIFCO Industries. The contract utilizes new technology introduced by Innovest in 2018, which is projected to be a key component of the energy group's growth in 2019.
The technology provides for estimated reduction of client operating costs by $400,000 per year, in this case, with a lifespan of more than 20 years to be implemented by reconstructing electric infrastructure at client facilities. The contract was signed the last week in December, and the project will be completed in the first half of 2019.
“Our Damon Mintz had the vision to go after this technology for us in 2018 while he was running our energy division, and he led our successful effort in the past few weeks to bring it entirely in-house. It provides our industrial clients a significant return on investment while being a profitable solution for us to execute. This is exactly the type of differentiation, innovation and growth offering we pursue at Innovest,” said Dan Martin, Innovest’s founder, chairman and chief executive officer. “The Shepherd Energy team secured the client proposal and will manage this project. Our entire energy team deserves credit for amazing execution in 2018 and positioning the division for significant growth in 2019.”
For more information, visit innovestglobal.com.