Merrick Systems Awarded “Most Promising Energy & Clean Technology Company” at Rice Alliance Energy & Clean Technology Venture Forum
HOUSTON – October 1, 2008 – Merrick Systems was named one of the top ten most promising Energy & Clean Technology companies at the 6th Annual Rice Alliance for Technology & Entrepreneurship Energy & Clean Technology Venture Forum in Houston last week. Energy & Clean Technology companies showcased their new ventures for an audience of more than 600 attendees, including investors, venture capitalists, industry representatives, business leaders, advisors/mentors, service providers, and entrepreneurs.
Merrick Systems is a market leader in industrial information technology for the oil and gas industry, providing software, electronics and professional services. Addressing production, engineering and asset tracking, Merrick’s integrated applications include real-time surveillance and optimization; field operations management; field data capture; hydrocarbon production accounting; mobile computing for field and drilling operations; engineering workflow orchestration and ruggedized RFID for drilling and asset management.
“Merrick is honored to receive, alongside some of the foremost emerging energy technology companies, this prestigious award which serves to validate our long time strategy of bringing best-of-breed, innovative technologies to oil fields worldwide and taking a leading role in the digital oilfield revolution, helping better exploitation of reservoirs and meeting the rapidly rising global demand for oil and gas” stated Kemal Farid, Co-Founder and President of Merrick Systems.
The one-day event culminated in an announcement of the Most Promising Energy & Clean Companies chosen from nearly 60 competitors and judged by the Rice Alliance Information Technology Advisory Board, based on the companies’ elevator pitch presentations. The exercise simulates meeting an investor on an elevator and having only 90 seconds to convince them to invest in your company.
Rice Alliance Managing Director Brad Burke, announced the winners of the Most Promising Energy & Clean Technology Company awards at the event. “Every year the quality of companies improves. Many of the companies at this year’s event have developed prototypes, obtained proven results and are on their second round of funding. This makes them more appealing to investors, who have also expressed appreciation for the quality of the companies.”
The Forum was supported by Chevron Technology Ventures, Locke, Lord, Bissell & Liddell, Shell, Kenda Capital, British Consulate General – Houston, UK Trade & Investment, UK Science & Technology, Huron Consulting Group, Applied Ventures, Canada Consulate General, Winstead, Leyendecker & Associates, with supporting organizations Greater Houston Partnership, Houston Technology Center, and Opportunity Houston and media sponsors Houston Business Journal and the BusinessMakers Radio Show.
For more information about Merrick Systems please visit www.MerrickSystems.com.