|Wayne Davis and Paul Solitario
On Wednesday, Sept. 25, the Metro Chapter hosted the chamber’s sixth Power Up Chapter Challenge of 2013. Congratulations to Paul Solitario, principal and chief financial officer of International ThermoDyne, LLC, for being selected to move on in the competition. He competed against Steven and Nikki Sacks of Podanize and Jennifer Moxley of Nomadic Communications. International ThermoDyne will now compete in the Power Up grand finale on Nov. 14 for a chance to win $25,000.
Solitario has more than 25 years of experience in corporate banking, corporate finance, entrepreneurship and wealth management. Prior to joining International ThermoDyne, he served as managing partner at Tobin Solitario Investment Banking Group and as senior vice president in the Private Client Group at First Citizens Bank.
International ThermoDyne’s mission is to dramatically change how people and designers view their environment by introducing them to virtually unlimited sources of free green energy. Solitario’s presentation focused on the company’s licensed product, PowerFelt. PowerFelt is a cloth like material that harvests the thermo and turbulent motion that occurs naturally in the environment and converts it into usable electrical energy — essentially turning heat and motion into electricity. Solitario sees endless applications of PowerFelt, from mobile electronics and automobiles to housing, clothing and solar panels.
So what would the company do if it won the grand prize in November? Solitario said, “With the $25,000, what we need to do is continue to develop more of our products. We have to make some samples, and we have to make them better quality. And that’s exactly what the money would do. It would help us make those samples, so we really can take our company to next level. So we’re really excited about that.”
The Power Up Challenge identifies promising startups and small businesses in each chapter footprint, awards a prize package to one company in each chapter footprint and awards a grand prize to one finalist. The final Power Up Chapter Challenge will be hosted by the East Chapter on Oct. 15. The Power Up Grand Finale will be held on Nov. 14. For more information on the competition and to learn about other finalists, visit www.charlottechamber.com/powerup.