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NSIV Grad Making More News

20 July, 2012

Good news today in MassHighTech about one of NSIV’s earliest graduates. Congrats to our friend CEO Peter Vandermeulen and his company!

3M makes Series B investment in 7AC

Woburn-based high-efficiency air conditioner company 7AC Technologies Inc. has received an unspecified Series B investment from the venture capital investment arm of manufacturing giant 3M, which also has a line of air conditioners.

Peter Vandermeulen, CEO and founder of 7AC, told Mass High Tech that St. Paul, Minn.-based 3M chose not to disclose the amount of the investment, but said the money will go toward product development as the company plans to introduce a commercial prototype in coming months using its liquid desiccant technology to remove humidity from the air. The process lowers air temperature and dries the air in a building in one step rather than two, like traditional air conditioners — saving half the electricity, according to Vandermeulen.

Read more here.

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  • Home
  • About
    • What Is
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    • Board of Directors
  • Incubation
    • Facilities
    • Equipment
    • Programs
  • Companies & Community
    • Incubated Companies
    • Resources
      • Jobs
      • Post a Job
      • Manage Job Listings
    • Our Sponsors
  • News & Events
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