FAZ Technology Graduates from University of Central Florida Business Incubation Program

ORLANDO, Fla. June 24, 2014 -- FAZ Technology, which developed the FAZT Platform family of laser interrogators, custom fiber optic sensors and software applications that serves a wide range of industrial processes, recently graduated from the University of Central Florida Business Incubation Program.

Gordon Hogan, director of the UCF Business Incubation Program, said in addition to their R&D facility in Dublin, Ireland, FAZ Technology is adding 5,000 square feet to its current 10,000 square foot global headquarters in Orlando, and has recently opened offices in Houston, Texas, to serve the oil and gas and power generation industries and Athens, Greece to serve the marine transportation industry.

“FAZ Technology developed a robust, reliable high precision optical sensing and measurement platform with applications in oil and gas, power generation, rail and marine transportation, pharmaceutical manufacturing and other industries,” Hogan said.
 
Tim Fritzley, Chief Executive Officer (CEO) at FAZ Technology, said the FAZT high precision optical sensing and measurement platform is capable of performing in the world’s harshest environments based on years of operational lifecycle.

“Optical sensing and measurement will increase the precision and timeliness of process measurements while decreasing the initial costs of installation and lifecycle maintenance,” Fritzley said.

“FAZ Technology solutions can dramatically increase health and safety for workers, for the infrastructure and for the environment,” “Our goal is to reduce human and process-control induced disasters while providing open and verifiable data to the public,” he said.

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For more information about this press release contact

Christopher Tracy, VP Product Management & Marketing, FAZ Technology, Inc. 407-985-4500 christopher.tracy@FazTechnology.com or Tim Fritzley, Chief Operating Officer, FAZ Technology, Inc. 407-985-4500

Gordon Hogan, Director, UCF Business Incubation Program, 407-882-1577, gordon.hogan@ucf.edu; 
   
Larry Vershel or Beth Payan, Larry Vershel Communications Inc. 407-644-4142 Lvershelco@aol.com 

About the UCF Business Incubation Program 
The University of Central Florida Business Incubation Program is a non-profit community resource, which provides early-stage companies with the tools, training and infrastructure to become financially stable, high growth/impact enterprises. Since 1999, this award-winning program has helped hundreds of local startup companies (including nearly 150 current clients and 100 graduates) reach their potential faster by providing vital business development resources. 

With eight facilities throughout the region, the UCF Business Incubation Program is an economic development partnership between the University of Central Florida, the Florida High Tech Corridor Council, Orange, Osceola, Seminole and Volusia Counties, and the cities of Apopka, Kissimmee, Orlando, St. Cloud and Winter Springs.  From October 2011 to June 2013, the UCF network of current and graduated clients has helped create a total regional output of over $620 million resulting in a $6.16 return for every $1.00 invested in the program while sustaining (directly and indirectly) over 3,300 jobs in the Central Florida region. For more information, visit www.incubator.ucf.edu.