- Business
- Rival Technologies, Inc. Rival Technologies, Inc. (RVTI) develops and commercializes proprietary processes for upgrading bitumen and heavy oil into synthetic crude oil, primarily targeting oil producers in the United States; its flagship TRU process converts heavy oil or bitumen at the field level into pipeline-grade synthetic crude through non-coking cracking technology. The company operates in the energy sector, focusing on oil and gas equipment and services, with historical involvement in mineral property acquisition, exploration, diesel engine technologies, and continuous water injection systems. Incorporated in 1987 and headquartered in Henderson, Nevada, it was formerly known as North American Fire Guardian Technologies Inc. and conducts business through subsidiaries including CWI Technology, Inc. and TRU Oiltech, Inc., with no recent major acquisitions, partnerships, funding rounds, or product launches reported in the past 1-2 years.