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Heyl & Patterson Signs Alliance Agreement with Torrefy Corp.

August 14, 2012

Heyl & Patterson Inc., a world leader in thermal processing, industrial furnace technology, and bulk material handling systems, announced the signing of an exclusive alliance agreement with Torrefy Corp., a marketing and business development company based in Research Triangle Park, NC.
 
Founded in 1887, Heyl & Patterson has long been an industry leader in the design and manufacture of thermal processing systems, calciner technology, and bulk material handling equipment. This agreement combines Heyl & Patterson’s worldclass engineering and manufacturing skills with Torrefy Corp.’s sales and marketing expertise in the representation and selling of Heyl & Patterson’s Biomass Torrefaction Systems.
 
The exclusive, worldwide agreement between Heyl & Patterson and Torrefy Corp. is expected to increase alternative energy industry awareness of the torrefaction process, by which raw wood biomass is converted into energy rich and compact “bio-coal,” and interest in the Heyl & Patterson Biomass Torrefaction Systems. The alliance agreement provides focused and dedicated sales and marketing resources for these bio-coal producing machines.
 
“Torrefy Corp. is pleased to enter into this partnership with Heyl & Patterson and to be given the opportunity to take these proven torrefaction products to market,” said Joe Schmitz, CEO and president of Torrefy Corp. “We believe that combining Heyl & Patterson’s high-quality and innovative technology with Torrefy Corp.’s expertise in marketing and selling in the alternative energy field will offer large benefits to our shared customers. With guaranteed torrefied wood results from Heyl & Patterson’s standard seven-ton per hour unit, with three-year ‘amortized capital costs’ of less than $12 per finished ton, and with low and efficient operating costs, we know that these systems will match or exceed the requirements for many situations. The reality of immediate availability adds another strong positive to the situation."
 
“This agreement opens the door for many new opportunities for Heyl & Patterson,” said John Edelman, president of Heyl & Patterson. “Torrefy Corp. provides a knowledgeable and experienced sales team. Their abilities will expand our market reach, while we will serve an important role in the engineering support area. This new alliance allows us to exploit an exciting and fast-developing new market while concentrating on our core competencies.
 
“This arrangement offers Heyl & Patterson the opportunity to strategically leverage Torrefy Corp.’s capabilities to market and deliver Heyl & Patterson’s proven solution to this world-wide problem. Torrefy Corp.’s broad geographic and commercial presence enhances the opportunity for Heyl & Patterson to make a larger and more positive impact on the burgeoning wood torrefaction field, which is hungry for workable solutions.”
 
For more information, visit www.heylpatterson.com.
 

Heyl & Patterson Inc.

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