Recent new member Qoil Technologies, Inc. enables owners of fleet vehicles to reduce oil consumption, increase operating efficiency, and lower maintenance costs with innovative fluid condition monitoring systems.
Qoil’s sensor technology enables real-time or near real-time monitoring of the engine oil vs. a current manual drawing, shipping and measuring of samples with an untimely three-week lagging result. A delay of this length, when there are engine problems, can lead to catastrophic engine failure.
Qoil’s sensors are a highly sensitive, low cost and the hardware/software solution with no moving parts. Qoil sensors can detect contamination, depleted additives, or charged molecules. The fleet market is one of many vertical applications that Qoil could target and oil is one of many fluids their sensor can monitor. The company is highly focused on gaining success in fleet in their initial go-to-market strategy.
Qoil Technologies graduated from Georgia Tech’s Venturelab with the basic technology originating in the lab of Dr. Steven Danyluk, Georgia Tech professor and Director of the Manufacturing Research Center, who was also founder of ATDC graduate Qcept Technologies.
Qoil recently closed on a $1M angel round of capital, which will be used for a substantial pilot of its technology with a large fleet operator after having completed successful alpha trials on several commercial vehicles including some Georgia Tech buses.
ATDC met Qoil’s founding CEO Frank Mess several years back when he participated in one of our bootcamps, the FastTrac Tech program, a program of the Kauffman Foundation.
We are happy to welcome Frank and Dr. Danyluk into our ATDC member community!!