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05.09.2007 16:16 Age: 3 yrs
New Jersey contributes funds to commercialize Stevens technologiesSpin-out companies receive $164K for homeland security applications.HOBOKEN , N.J. — The New Jersey Commission on Science and Technology (NJCST) has awarded $164,000 to Stevens Institute of Technology to assist in the commercialization of homeland security applications produced by two Stevens spin-out companies, Attila Technologies LLC and PredatorVision LLC.
The Principal Investigator on the proposal for "Gap Funds to Accelerate Technology Commercialization" is Dr. Helena S. Wisniewski, Stevens' Vice President for University Research and Enterprise Development. The Co-Investigator is Dr. Lex McCusker, Dean of The Wesley J. Howe School of Technology Management at Stevens. "This funding is another affirmation of the value of technologies produced at Stevens," said Wisniewski. "Stevens will use the gap funds to build prototypes and perform field testing for two exciting technologies incorporated in our Technogenesis ® companies, Attila Technologies LLC and PredatorVision LLC." "These technologies and their associated startup companies benefit our home state by helping to establish New Jersey as the state model for Homeland Security, creating jobs and providing disruptive technologies and products that are beneficial to society," said Dean McCusker. Attila Technologies provides an intelligent multi-network router/radio that satisfies the two most critical communications needs that arise during a crisis, as defined by the Department of Homeland Security - continuous broadband communication and interoperability. PredatorVision LLC provides the "ultimate security/surveillance camera," that converts mid-infrared to near-infrared frequencies to detect, at ten megapixel resolution, chemical and biological agents, even in adverse environmental conditions. Both technology applications are being seriously studied by law enforcement and Homeland Security agencies, at the state and federal levels. A large-scale urban field test is planned for the Attila Radio in the near future. "Stevens has a strong commitment to creating technology companies, and a success record with its Technogenesis efforts," said Stevens President Harold J. Raveche. "In this round of funding, Stevens received a remarkable percentage of funds allocated to New Jersey research universities for technology commercialization. Both Attila and PredatorVision represent major technological advances and the gap funds will greatly accelerate their commercialization." In 2006, Stevens received a Thomas Edison patent award from the New Jersey R&D Council for the core technology of its Technogenesis Company, HydroGlobe, sold to Graver Technologies in 2002. Another company, PlasmaSol, was sold to Stryker Corporation in 2005. More recently, in March 2007, another Stevens spin-out, SPOC, Inc., received an outside investment of $500,000 with the promise of $1.5 million in additional funding.
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