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Plastic Metal arranges financing for energy-saving technology

By: Bill Bregar

June 19, 2013

SyncroSpeed distributor Plastic Metal USA Ltd., said it has partnered with US Equity Funding LLC of Boston to finance 100 percent of the funds to implement the retrofit motor speed control, which reduces energy consumption at injection molding factories.

Plastic Metal USA dubs the program “Pay Yourself to Save.”

The firm in Bayside, N.Y., said the funding comes with zero out-of-pocket cash.

SyncroSpeed also has partnered with Wisconsin Utility and Clean Tech Partners’ Focus on Energy rebate programs. Other utility partnerships include Duke Energy and, in Canada, Hydro Utilities. According to Plastic Metal USA, those utilities offer incentives and rebates for up to 50 percent of the project cost.

Tel. 914-582-1848, email Robert.knaster@syncrospeed.com.