BOULDER, Colo. - ColoradoDesk -- Colorado Cleantech Industries Association (CCIA) awarded Canadian company Kathairos Solutions first place at the eighth annual Oil & Gas Cleantech Challenge (OGCC) on October 21, 2021. Second place went to QubeTechnologies and third place went to Valence Natural Gas Solutions. The OGCC works to connect clean energy and technology businesses to the oil and natural gas industry.

The winning innovation from Kathairos Solutions system uses liquid nitrogen to completely eliminate fugitive methane emissions from pneumatic devices at remote oil and gas facilities. For more information on their product and company you can visit www.kathairos.com.

President and CEO of Kathairos Dick Brown said, "The Oil & Gas Cleantech Challenge was an incredible opportunity to showcase the Kathairos solution to many of the most influential companies in the energy industry. We truly believe our technology is the answer to the problem of methane venting from pneumatics - it is simple, affordable, and can be easily scaled to meet the magnitude of the task at hand. We are honored to be selected among such a talented international field"

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Our industry sponsors were extremely impressed with the caliber of the presentations and how well the teams addressed the challenges posed," said Mary Austin, CCIA's deputy director. "Each year the technologies are further along in development and deployment and it becomes more difficult to select a winner. We appreciate the partnerships that make this program possible and we look forward to planning a robust 2022 Oil & Gas Cleantech Challenge."

Companies chosen to present their innovative technology or solution were:

Airworks Compressors Corp.

Altum Technologies

Certek Heat Machine

Cimarron Energy

Direct-C

Kathairos Solutions

Proteum Energy

Qube Technologies

REVOLUTION Turbine Technologies

Telops

Valence Natural Gas Solutions

CCIA developed the successful Oil & Gas Cleantech Challenge model, now in its eighth year, which has seen two spin-offs in other industries (commercial vehicles and mining) in partnership with an internationally recognized team of industry leaders including ConocoPhillips, Chevron, bpx Energy, Ovintiv, the Canadian Consulate General of Denver, the Colorado Energy Office, Holzer Patel Drennan, and the Colorado Office of Economic Development and International Trade.

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About CCIA

Founded in 2008, Colorado Cleantech Industries Association (CCIA) is a statewide organization dedicated to promoting Colorado's cleantech industries. CCIA impacts Colorado's policies, people, products and programs that drive expansion of a cleaner, cheaper, more efficient and secure energy economy. Through advocacy, public policy leadership, development and education, CCIA works to ensure that Colorado is a global cleantech leader. For more information, visit www.coloradocleantech.com.

Contact

Ashley Perry

ashley@coloradocleantech.com