FVC was an outgrowthh of a small company organized in 1980 for engineering and developmental work on an experimental heat-exchanger product. in 1987, as soon as the product was brought to the commercial stage, flinder valves and controls inc. was organized to acquire the properties, both owned and leased. of the engineering corporation. the president of the predecessor company, bill flinder, continued as the president of FVC. eventually. the company acaquired the patents it had licensed.