Vortex Acquires VeriCure Trademark
Vortex Technology Group has acquired the VeriCure® trademark from Pipeline Renewal Technologies. VeriCure is the popular name for Curing Monitoring System and is well known to Trenchless Cured-In-Place Pipe Contractors.
Vortex Technology Group, LLC, a business entity of the Vortex Companies‘ Products Division, has announced that it has completed the transfer agreement with Pipeline Renewal Technologies (PRT), to acquire the VeriCure® trademark.
With this latest deal, Vortex will now be able 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.”
“We’re excited to be working with Vortex to support the CMS product line and carry forward the VeriCure name as the sole brand for the CMS technology,” added Richard Linder, President & CEO of Pipeline Renewal Technologies. “We anticipate much greater demand for the VeriCure product, through Vortex’s focus on the market and its commitment to an improved supply chain, technological development and customer support.”
VeriCure, patented in 19 countries and specifically in the United States in 2012, was developed to continuously monitor a Cured-In-Place Pipe (CIPP) liner’s cure temperature during the installation process.