Retired Caterpillar CEO Joins Board of Intellihot Green Technologies

December 19, 2012 03:09 PM
intellihot_logo_LARGE
 
Sustainable Business Center tenant, Intellihot Green Technologies Inc. ("Intellihot"), today announced the appointment of Mr. Glen Barton to its Board of Directors. Intellihot manufactures energy-efficient tankless water heating systems and boilers for residential and commercial applications.
 
Mr. Barton is a retired chairman and chief executive officer of Caterpillar Inc. in Peoria, Illinois. With 2011 revenues of $60.138 billion, Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.
 
Mr. Barton joins a growing Board of Directors that also includes Donald Sackman, partner with Independence Equity, a venture capital fund, Sridhar Deivasigamani, co-founder and President of Intellihot and Sivaprasad Akasam, co-founder and CTO of Intellihot.
 
According to Mr. Deivasigamani, "We are honored to add a man of Glen's character and accomplishment to our team. Glen's experience leading one of the world's most respected manufacturing companies is invaluable to Intellihot as we work to build a great company."
 
Mr. Barton added: "I am pleased to work with Intellihot's talented team. Sri and Siva have built an innovative water heating system for residential as well as commercial usage that addresses global problems of water and energy scarcity. There is nothing like supporting passionate entrepreneurs as they seek to commercialize technologies that will have a significant positive impact on the world."
 
Incubator Director Eric Dilts commented, "We are encouraged by Intellihot's progress and look forward to their continued success.Business like Intellihot have the potential to create jobs and enhance the community, and we're happy to have them here at the SBC."
 

About Intellihot Green Technologies Inc.

Intellihot Green Technologies Inc. manufactures tankless water heater systems for residential and commercial applications. The company's mission is to create products that solve human energy needs with lower environmental impact. Recognitions and awards include: 2011 - Identified as Top20 High Growth Company in IL, 2010 - USA top 24 companies outside Silicon Valley and 2009 - Top 6 most Innovative companies in Illinois. Intellihot products are designed and built in the United States at the Sustainable Business Center making it the First Gas Tankless to achieve this distinction. Learn more at www.intellihot.com.
 

About the Sustainable Business Center

The Sustainable Business Center (SBC), located in Galesburg, IL, is a business incubator designed to accelerate the successful development of green, innovative companies through business support resources and services offered both in the incubator and through its network of contacts. For entrepreneurs who embrace sustainable business practices, the SBC serves as a place for the development of new sustainable businesses. We encourage the practices and principles built around a triple bottom line business model. Learn more at www.sustainablebusinesscenter.com.

 
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Contact:
 
Sridhar Deivasigamani, President
Intellihot Green Technologies Inc.
2900 W. Main St. Galesburg IL 61401
Phone: (309) 868-6875
Email: sridhar@intellihot.com
 
or
 
Eric Dilts, Incubator Director
Sustainable Business Center
2900 W. Main St. Galesburg IL 61401
Phone: (309) 343-1191
Email: eric.dilts@ebinetwork.org
 
Intellihot_May2011_ribbon_cutting_(86)
Sridhar Deivasigamani, co-founder and President of Intellihot addresses news media at a May, 2011 event held at the Sustainable Business Center.
 

 

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