Terves
Chemicals & Related Products · Ohio, United States · 11-50 Employees
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Overview
Headquarters
24112 Rockwell Dr Ste C, Euclid, Ohio, 4...Phone Number
(216) 404-0053Website
www.tervesinc.comRevenue
$5.8 MillionIndustry
ZI Rank: 1
Signal Type
Dec
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ZI Rank
2
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About Terves
Terves Inc. specializes in advanced lightweight aluminum and magnesium alloys, including their proprietary TervAlloy dissolvable metals, produced at their facility in Euclid, Ohio. The company is a market leader in dissolvable alloys for downhole oil and gas applications, with a strong track record of successful deployments over the past 15 years. Terves is supported by Powdermet, a recognized R&D organization that enhances their capabilities in metallization and manufacturing. Their commitment to high-quality, high-performance lightweight metals positions them as experts in the industry.Explore more
Terves Org Chart
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Activity Insights
Terves is experiencing very low activity levels compared to other companies in the Manufacturing sector.
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Terves is drawing exceptional interest within the Manufacturing industry, suggesting notable developments or strong market momentum, learn more about Terves.
Terves financials insights
Gather financial insights about Terves, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.
2020
Debt
$350K
2021
Debt
$500K
Terves Tech Stack
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Most Recent Scoops
Funding
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Spending/Investment, Funding
Event
Events
Funding
Terves has received an SBA PPP loan in the amount of $500,601 from T Bank resulting in the retention of 28 jobs.
Funding
Terves News & Media
Terves Wins Significant Patent Infringement, Validity, and Lost Profits Rulings for Its Patented TervAlloy Dissolvable Metal Technology
EUCLID, Ohio--(BUSINESS WIRE)-- #completiontools--Terves today announced that it has obtained a significant patent infringement, validity and lost profits judgment of over $700,000 against competitor Ecometal, Inc. and Nick Yuan over Terves’ patented TervAlloy dissolvable metal used by the fracking industry. In Terves’ patent lawsuit in the U.S. District Court for the Northern District of Ohio, the Court ruled that Ecometal Inc., and Nick Yuan infringe both of Terves’s patents, U.S. Patent Nos.Terves Wins Significant Judgment, Sanctions, and Vindication in Ongoing Patent Dispute With Magnesium Machine, LLC
EUCLID, Ohio--(BUSINESS WIRE)-- #completiontools--Terves obtained a significant judgment and sanctions against Magnesium Machine, LLC (Duncan, OK) and its attorneys at Dunlap Codding, P.C.Terves’ TervAlloy Patent Gets Strong Stamp of Approval From Patent Office on Validity
EUCLID, Ohio--(BUSINESS WIRE)-- #completiontools--Terves today announced that the United States Patent and Trademark Office (USPTO) has issued a final decision confirming dozens of claims in Terves’ U.S. Patent No. 10,329,653 as patentable. The USPTO decision is final and not appealable. The patent covers Terves’ TervAlloy dissolvable metal, which is used to construct fracking tools that can be dissolved inside the well after well completion. The reexamination sprung from Terves’ ongoing patentTerves and Powdermet Provide Semi-Annual Update
EUCLID, Ohio--(BUSINESS WIRE)--#Capacitors--Terves launched 2 new products in 2018 with 5 more scheduled for launch later this year, filed 11 new patents and scaled-up manufacturing.
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Terves Inc. specializes in advanced lightweight aluminum and magnesium alloys, including their proprietary TervAlloy dissolvable metals, produced at their facility in Euclid, Ohio. The company is a market leader in dissolvable alloys for downhole oil and gas applications, with a strong track record of successful deployments over the past 15 years.... Read More
