RTI Receives 2007 Minnesota Tekne Award

 

November 2, 2007

MINNEAPOLIS – (November 26, 2007) – Restaurant Technologies, Inc. (RTI), a leading provider in foodservice frying oil management services and commercial device monitoring, recently accepted the 2007 Minnesota Tekne Award for its MaxLife™ Total Oil Management (TOM) system in the category of Technology Company Awards/Advanced Manufacturing/Small and Growing Company. The awards, presented by the Minnesota High Tech Association (MHTA) in partnership with LifeScience Alley and Minnesota Technology, Inc. (MTI), honor companies, innovations and individuals that positively impact Minnesota’s technology-based economy. Award judges selected one recipient from a pool of three finalists in 16 categories, representing many facets of technological innovation in Minnesota. Other winners for this eighth annual event included Medtronic, Seagate Technologies and Vascular Solutions.

RTI’s MaxLife Total Oil Management system is an automated oil-control system that dispenses and disposes of cooking oil, eliminating the need for handling by employees while increasing productivity and food safety. The system has proven to reduce accidents as well as wastes costs. Already, RTI has received national acclaim for the technology solution and the company estimates market potential of approximately $1.5 billion.

“We are delighted to have been chosen by the Minnesota technology community as a leader in advanced manufacturing,” said Jeff Kiesel, chief executive officer, RTI. “This award recognizes the value of our proprietary technologies, and honors our employees’ commitment to our values and mission,” continued Kiesel. “On behalf of RTI, I thank the MHTA and their partners for this award.”

“The Tekne Awards honor companies that have realized the advantages of applying innovation to technological development here in Minnesota,” said Kate Rubin, president, MHTA. “We’re pleased to recognize Restaurant Technologies for its proven leadership and dedication to technological development, not only here at home, but nationally and across the globe.”

About RTI

Restaurant Technologies, Inc. (RTI) is a privately held, Minneapolis-based company providing oil management services to more than 15,000 national restaurant chains, independent operators, grocery delis, universities, hospitals and other foodservice outlets. Led by Jeff Kiesel, chief executive officer, RTI currently operates 36 depots across the United States and plans to add new markets in the coming years. With annual growth rates of 50-percent since its founding, RTI’s goal is to be the frying oil and oil management system of choice for foodservice operators nationally and internationally. For further information on the company, visit www.rti-inc.com.

About Minnesota High Tech Association (MHTA)

The Minnesota High Tech Association (MHTA) accelerates the growth, sustainability and global competitiveness of Minnesota’s technology-based economy through public policy advocacy, member collaboration and education, and community outreach. MHTA is the only membership organization that represents Minnesota’s entire technology-based economy. MHTA members include organizations of every size – involved in virtually every aspect of technology creation, production, application and education in Minnesota. MHTA works in partnership with AeA (formerly the American Electronics Association), which is a nationwide non-profit trade association that represents all segments of the technology industry. AeA represents Minnesota’s technology organizations nationally. More information is available online at www.mhta.org.

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