Boston, MA – July, 2009 – MCRC is pleased to announce a new investment in Innov-X Systems, Inc., a leading provider of elemental analyzers to the industrial, transportation, security, environmental, recycling and energy markets. Founded in 2001, Innov-X is a pioneer in the development of portable X-ray fluorescence (XRF) technology for elemental analysis. Innov-X is a privately held, growing firm that operates worldwide, with offices in North America, Europe, Australia and Asia. Innov-X’s products use XRF technology to quickly determine the chemical composition of a substance, thereby identifying the existence of desirable or undesirable elements. Innov-X’s analyzers have been used for a wide variety of applications, including alloy and fluids analysis, mining and mineral exploration, environmental site investigation, nuclear non-proliferation and consumer product screening. Innov-X outfits the maritime, oil and gas exploration and distribution, and power industries with XRF systems to monitor and optimize the use of fuels and lubricants.
“Innov-X’s mission from the start has been to discover new ways to apply portable XRF technology. Our applied innovative products have allowed the company to become a leader in our industry,” said Dan Sackett, CEO & President of Innov-X. “By working together with MCRC, we can continue to aggressively introduce new products, even in the current economic climate, including a major upgrade to our handheld XRF performance, and further high performance XRF products featuring our patented diffractive optics technology.”