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June 2, 2009

Senator Debicella & Representative Perillo Applaud State Investment In Shelton Company

Oil Purification Systems (OPS) To Receive Financial Assistance Through Connecticut Clean Tech Fund

State Senator Dan Debicella (R-21) and State Representative Jason Perillo (R-113) congratulated Oil Purification Systems (OPS) of Shelton on being the first recipient of an investment by the new Connecticut Clean Tech Fund.

Governor M. Jodi Rell announced that OPS will receive up to $500,000 through the fund established last year to assist companies that find innovative ways to conserve energy and resources, protect the environment or eliminate harmful waste.

“Congratulations to OPS, and also to Shelton which continues to create a welcoming climate for business even during this recession. Also, I want to thank Governor Rell for her support. This investment in OPS is good news for Shelton, and sends a positive message about Connecticut’s commitment to encouraging the growth of green technology industries in our state,” said Senator Debicella.

“This is the kind of high-tech project that will fuel our economy in the decades ahead. It’s good for the environment, good for the economy, and will create much needed jobs here in Southern Connecticut. Governor Rell’s leadership in the area of green technology is essential to growing our economy,” said Representative Perillo.

According to Governor Rell’s announcement, the fluid cleaning technology developed by OPS – including the company’s OPS-1 onboard fluid cleaning system – removes solid and liquid contaminants from engine oil, virtually eliminating the need for routine oil changes. The company has 11 employees in Connecticut, 17 in total, and is expected to create an additional seven positions in the state over the next three years as a result of the state’s investment.

The Clean Tech Fund is administered by Connecticut Innovations, the state’s quasi-public authority responsible for technology investing and innovation development. The fund was formed through a partnership between CI, the Department of Economic and Community Development and the Connecticut Clean Energy Fund.

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