Ben Franklin Technology Partners invest $1M in 9 PA tech companies

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Nine Pennsylvania companies begin the year with a fresh infusion of capital by the Ben Franklin Technology Partners of Central and Northern Pennsylvania. The total investment of nearly $1 million among all of the firms, decided during the technology partners’ directors’ last meeting of 2008, is intended to support the promise of innovation, job creation, and economic growth that the companies show. 

The winners are:
 
Energy Wall, LLC received $75,000 to continue development of high efficiency, air-to-air energy recovery exchangers that have no moving parts.
 
A $90,000 award will allow Expansyn Technologies, Inc., to continue its research into biofuel applications derived from a variety of novel plant proteins.
 
Indigo BioSciences, Inc. received a $200,000 investment for production and further development of frozen, single-use, whole-cell nuclear-receptor assay kits used in drug development, by researchers and in toxicological analyses. Read more about Indigo BioSciences here.
 
A $125,000 award to SilcoTek Corporation will further the company’s plans to market coating technologies that improve the properties of stainless steel and decrease its likelihood of corrosion. 
 
Advanced Wall Forms Corporation received $100,000 to help manufacture, market, and sell the Snap Block Wall Form System. Snap Blocks are stay-in-place insulated concrete wall forms that reduce construction costs.
 
Integrity AG Systems was awarded $125,000 to continue providing a wide array of customizable clean-tech products, equipment and technologies for manure and herd management.
 
Air Dynamics received $75,000 for its design and further development of state-of-the art air pollution control devices such as the Kitchen Sentry for industrial and commercial applications.
 
Dynasty Software, LLC will use its investment of $57,500 to create a web-based application that makes it easier for hospital staff to organize, modify, and verify surgical equipment and tray inventories.
 
A $75,000 award will help Pioneer Energy Products, LLC to develop a renewable energy system for radio communication equipment that is located in remote sites and extreme environments.

Source: Ben Franklin Technology Partners of Central and Northern Pennsylvania
Writer: Joseph Plummer
 
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