Dallas, TX, January 9, 2018 – Skyven Technologies has been awarded a National Science Foundation (NSF) Small Business Innovation Research (SBIR) grant for $225,000 to conduct research and development (R&D) work on a game-changing zero fuel heat technology.

Skyven’s revolutionary distributed energy technology diversifies the way factories produce heat. Skyven’s Intelligent Mirror Array (IMA™) technology saves money, increases reliability and reduces GHG emissions. Instead of relying solely on expensive petroleum products to fuel their boilers, Skyven’s industrial customers capture heat from the sun. Skyven strives to address the heating needs of industrial applications in remote and rural areas and in developing countries.

“The National Science Foundation supports small businesses with the most innovative, cutting-edge ideas that have the potential to become great commercial successes and make huge societal impacts,” said Barry Johnson, Director of the NSF’s Division of Industrial Innovation and Partnerships. “We hope that this seed funding will spark solutions to some of the most important challenges of our time across all areas of science and technology.”

“I’m thankful for the recognition of the National Science Foundation,” said Arun Gupta, CEO of Skyven Technologies. “Our technology proves that industrial applications don’t have to rely on fossil fuels to produce heat. NSF supports companies that strive to change the status quo and revolutionize global markets. I’m happy our IMA™ technology has been recognized as transformative and groundbreaking. Skyven will enable zero fuel heating in industrial applications.”

About Skyven:
Skyven is pioneering a distributed energy solution for industrial heating, our patented technology utilizes cutting edge heating techniques to power industrial operations with the sun, save them money and reduce their carbon footprint.

To learn more about Skyven, visit: www.skyven.co

About the National Science Foundation’s Small Business Programs:
The National Science Foundation (NSF) awards roughly $200 million annually to startups and small businesses through the Small Business Innovation Research (SBIR)/Small Business Technology Transfer (STTR) program, transforming scientific discovery into products and services with commercial and societal impact.

To learn more about the NSF SBIR/STTR program, visit www.nsf.gov/SBIR.