Origins of the Company: Formed in 1998 by Michael Scalzi, Innovative Environmental Technologies, Inc. (IET) was inspired by the observed need for a remedial contractor in the environmental industry that could provide state-of-the-art remedial technologies to environmental consultants and engineers. To achieve this objective, IET would have to continuously develop, patent and license innovative and emerging technologies. Further, IET would have to position itself as a remedial contractor and technology vendor to a sophisticated and knowledgeable customer base. Unencumbered by any one product supplier relationship, IET could provide its customers coordinated remedial programs integrating a variety of remedial products.
Evolution of the Company: In the early years, IET focused on the development of efficient in-situ delivery processes that would be capable of injecting a wide variety of materials to targeted subsurface formations. These efforts resulted in the patenting of IET’s apparatus for in-situ injections as well as the design and manufacturing of its own proprietary injection tooling (US Patent 7,044,152). During these early years, IET’s focus was primarily aerobic biomineralization processes for the treatment of dissolved and sorbed phase petroleum hydrocarbons. The success of these treatment validated IET as a resource to numerous consulting engineering companies across the country. By 2001, IET was approached by several of its clients to evaluate and propose treatments for chlorinated solvents. Between 2001 and 2003, IET proposed and implemented many in-situ programs targeting chlorinated ethenes and ethanes. IET applied various oxidative and reductive technologies during these years, finally focusing on a synergistic biotic-abiotic approach for the treatment of chlorinated solvents (US Patent 7,129,388).
Establishing and maintaining the relationships with its customers while focusing on the company’s image as a technology resource to these customers required IET to evolve into a value-added contractor. To add value to it’s services, IET chose to provide free data analysis of the projects it had implemented. Together with lump-sum pricing for turn-key remediation services, IET has been able to become an invaluable resource to its customers while maintaining a connection to the individual projects’ data. It has been this “connection” that has allowed IET to evaluate the efficacies of individual remedial compounds and the implemented programs. The interpretation of the biological, abiotic, geochemical and hydrogeologic changes in conjunction with treatment efficacies has resulted in unique treatment strategies, additional patents and proprietary treatment approaches. This continuous evolution and innovation has become the hall-mark of IET and its value to our customers.
The Company Today: Today, IET is recognized across the environmental industry as a leader in in-situ remedial technologies. Having completed hundreds of projects across the country, IET is called upon to design and implement remedial programs for a wide variety of containments in various geologic conditions by both large and small consulting engineering firms. IET maintains five million dollars in environmental contractors insurance, auto insurance, general liability and workman’s compensation insurance, allowing the company to provide services to all users of its services. IET hold’s numerous in-house patents, patent applications and licenses, together with dozens of master service agreements with consulting engineering firms across the country. As a result, IET continues to provide value added services to the environmental industry.
The Company Tomorrow: With the company’s documented successes in treating a wide variety of contaminants, its core business shall continue to grow with the increasing confidence its customers have with IET’s processes and systems. Several product vendors have expressed interest in licensing IET’s patents for the next generation of field demonstrated remedial products. IET is evaluating the pros and cons of licensing vs. manufacturing and packaging its own line of products as well as opening additional offices in North Carolina and Florida. The upcoming years will present new challenges associated with the company’s growth, IET is currently looking at a variety of scenarios that will facilitate continued growth, including mergers, acquisitions and strategic alliances.