Vortex Technology Group, LLC, a business entity of the Houston based Vortex Companies’ Products Division, has successfully completed a transfer agreement with Pipeline Renewal Technologies (PRT), to acquire the VeriCure trademark.
The move will enable Vortex to market and sell its recently acquired Curing Monitoring System technology (CMS) under the popular brand name and align all manufacturers, distributors, and end users to adopt the technology brand.
“VeriCure is synonymous with performance, quality and customer support; all of which are in full alignment with the CMS technology’s legacy originally developed and patented in Germany in 2010,” said Vortex Companies CEO Mike Vellano. “After we acquired the technology patents and intellectual property from OSSCAD in November 2020, we knew a strong global brand concept was necessary to build on its success.”
VeriCure, patented in 19 countries including the United States in 2012, was developed to continuously monitor a Cured-In-Place Pipe (CIPP) liner’s cure temperature during the installation process. Vortex believes that having the platform of a single brand and sole source of technical support will resonate well with the industry.