INDIANAPOLIS, IN – July 29, 2021 –

For the second year in a row, EVP New Ventures Kip Frey has been included in the Global Corporate Venturing Powerlist 100—the industry compendium of the one hundred most influential corporate venture capitalists in the world.

Announcing the Powerlist for 2021, GCV Editor-in Chief James Mawson commented on its significance: “The GCV Powerlist is designed to uncover the ‘vital few’ who are responsible for tens of hundreds of billions of dollars invested in the entrepreneurs who turn ideas into products and services.”

Frey joined corporate venture leaders from companies like Intel, Samsung, Alibaba and Amazon in making the Powerlist, which drew from a candidate pool of more than 2,000 corporate venturing units around the globe. GVC added that the scope and reach of corporate venture sponsors—in this case The Heritage Group—played an important role in this year’s selection: “These men and women from around the world also bring the power of their parent companies to bear to scale up prototypes and pilots into things we can all benefit from.”

The Heritage Group’s corporate venture arm, HG Ventures, was founded in 2018 and has quickly developed into one of the leading “hard tech” investors in the world—closing more than 25 investments in the past two years. Congratulations Kip!

LEXINGTON, KY – June 9, 2021 – PowerTech Water announced the closing of its oversubscribed Series B financing round led by HG Ventures. The funds will be used to meet the rising demand for sustainable industrial water treatment, accelerate corporate partnerships, and expand operations in Lexington, Kentucky.

PowerTech Water’s ElectraMet™ and INCION® brand water treatment systems offer an environmentally superior solution at a reduced cost for industrial manufacturing and waste streams.   This novel approach disrupts the conventional labor-intensive, chemical-based water treatment processes that have become ubiquitous over the past 50 years. ElectraMet will play an important role in modernizing wastewater treatment and reducing waste for manufacturers, municipalities, and mines.

“In 2021, US-based manufacturing has picked up, and the demand for ElectraMet systems skyrocketed. We are pleased to partner with HG Ventures, the State of Kentucky, and the local Bluegrass Angel Network in this Series B financing round to expand our capabilities and meet the demand,” said Cameron Lippert, Chief Executive Officer of PowerTech Water.

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INDIANAPOLIS -May 12, 2021 –

Transcend Software Inc. (“Transcend”), a SaaS provider of generative design and engineering automation tools to the global engineering, construction, technology/OEM, and utility sectors announces the completion of a $10M Equity Investment led by Aspen Capital Group, HG Ventures, and PureTerra Ventures, also with participation from existing investor Vespucci Partners.

Transcend’s SaaS platform, the Transcend Design Generator (“TDG”), is the market’s first fully integrated water treatment design platform, enabling industry participants to design more sustainable water and wastewater facilities in a fraction of the time and cost compared to traditional, manual methods. Designs can easily incorporate new technologies and be assessed for CAPEX, OPEX, land footprint, carbon footprint, and other variables with a level of detail & accuracy that are typically much too time and cost prohibitive for the preliminary engineering phase.

Developed by many of the world’s leading experts in water and wastewater engineering, TDG has been used since 2013 to design over 7,500 treatment facilities to date. Transcend will use the proceeds from the investment to drive continued innovation across the water infrastructure market.

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INDIANAPOLIS -May 11, 2021 – Pretred, a Colorado-based company that produces industrial barriers from >95% recycled materials, has announced a $3 million seed investment led by HG Ventures, the corporate venture arm of The Heritage Group. Pretred will use this investment to scale its US-based tire and plastic recycling process to meet the growing demand for green construction products. Pretred is a graduate of the 2020 cohort of The Heritage Group Accelerator Powered by Techstars^®, a program for mentoring and developing early-stage companies in the hardtech industries of advanced materials, infrastructure, and environmental services.

Tire waste has become a worldwide environmental challenge, with >1 billion sent to the landfill or burned every year. The Pretred technology recycles approximately 65,000 tires for every mile of barriers (880 barriers). These barriers reduce 98% of equivalent CO₂ emissions vs. concrete barriers, providing a sustainable product for use in construction, roads, parks and beyond.

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INDIANAPOLIS -February 10, 2021 – The Heritage Group and Heritage Environmental Services, Inc. (collectively, “Heritage”), a leader in environmental and sustainability services, launched a new division, Heritage Battery Recycling (HBR), in late 2020 to address growing market demand for safe, sustainable solutions for lithium-ion batteries near or at end-of-life. HBR’s goal is to recover and reuse critical battery precursor resources that exist in finite supply across the globe.

In collaboration with Romeo Power, Inc. (“Romeo Power“) (NYSE: RMO), an energy technology leader delivering large-scale electrification solutions for complex commercial applications, HBR will develop a battery reuse and recycling facility sited in the southwestern United States.

“By working directly with Romeo Power, we have a unique opportunity to provide a safe, environmentally sound end-of-life strategy for commercial truck manufacturers, commercial fleet managers and conscientious business owners who are investing in clean energy today,” said Jeff Laborsky, CEO of Heritage. “We are proud to be part of this long-term sustainability collaboration.”

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