Enginuity Power Systems Acquires Katech To Accelerate Key Commercialization Plan

ALEXANDRIA, Va., July 29, 2020 (GLOBE NEWSWIRE) -- Enginuity Power Systems announced today that it acquired world-renown engine builder Katech Inc. earlier this year as part of a strategy to speed the commercialization of its innovative micro-Combined Heat and Power (mCHP) product, E1.
E1 replaces the standard water heater with a fully integrated system that provides a home with all electric power and space and water heating requirements.A  E1 was awarded a??Best in Showa??, a??Best Home Technology Producta?? and a??Best Energy Efficient Producta?? at the 2020 International Builders Show in Las Vegas last January.At the heart of E1 is a small internal combustion engine that runs quietly and efficiently on multiple fuels.A  Katech Engineering is now working on the latest generation of the engine, and on the mCHP assembly, which are critical steps toward E1 commercialization.a??We believe Katecha??s world-class engine design and test capabilities, along with its on-site high-performance engine and parts manufacturing resources, will significantly shorten the mCHPa??s time to market,a?? said Jacques Beaudry-Losique, President of Enginuity Power Systems.A  a??Our truly innovative engine is in the right hands at the right time.a??Katech will continue to operate its established businesses, which includes motorsports, vehicle aftermarket, and corporate accounts, and this will allow Enginuity to tap new opportunities in the transportation sector.A 
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