MELVILLE, NY--(Marketwire - May 17, 2012) - The Long Island Capital Alliance ("LICA"), the leading non-profit capital formation and business development organization serving regional companies, today announced the presenting companies and panelists for its Technology Transfer Capital Forum to be held on June 8, 2012. The event is being conducted in furtherance of an alliance between LICA and Brookhaven National Laboratory (BNL), a world-leading research institution. The Technology Transfer Capital Forum is being held in an effort to facilitate the formation and acceleration of high-growth businesses on Long Island, based on technologies developed at BNL.
Presenting companies and technologies to be showcased at LICA's Technology Transfer Forum were nominated by BNL and selected by LICA for this event. Each of the underlying technologies LICA selected for presentation at the event can be characterized as having a "Wow Factor," a phrase LICA uses when there are catalysts for significant growth which will be attractive to investors and other financial backers. Selections were made from among the many potentially transformational technologies recently discovered and under development at BNL. BNL is continuing to expand its outreach and partnerships toward building locally-based companies around Laboratory technologies using the "technology transfer" concept.
Technology transfer involves the use of inventions, processes, and knowledge developed by universities and government research facilities to create and enhance private sector businesses. Technology transfer involves a wide range of approaches to get technologies to market, including licensing to larger, more established companies, establishing equity transactions to provide technology to startup businesses, and entering into research and development agreements, including Small Business Innovation Research (SBIR) programs, to collaboratively advance the technology toward commercialization.
A panel of investors and technology transfer experts will describe the process of financing and building companies around technological discoveries. Given BNL's track record of innovation and the attractiveness of the technologies it has developed, LICA believes that this event will appeal to many investors and executives who can learn about leading-edge inventions from BNL researchers and explore opportunities to participate in businesses commercializing BNL discoveries.
Technology Transfer Capital Forum on June 8, 2012 - Participants
Panel of Industry Experts
David L. Calone: CEO of Jove Equity Partners LLC, a venture capital firm which invests in the internet, software, digital media, energy, real estate, and health care industries.
William J. Catacosinos: Managing Partner of Laurel Hill Capital Partners LLC, an investment management company organized to acquire, develop, and manage investment opportunities. Former Chairman and CEO of Long Island Lighting Company (LILCO).
John Maroney: Vice President, Office of Technology Transfer, Cold Spring Harbor Laboratory, which has executed a highly successful technology transfer program.
Steve Winick: Principal of Topspin Partners, LP, one of Long Island's leading venture capital funds, which began investing in 1995. The firm is an affiliate of Renaissance Technologies, a well-known hedge fund.
Presenting Companies and Technologies
Hybridyne Imaging Technologies, Inc.: Hybridyne solves the problem of reliably detecting small-scale, early stage prostate cancer by using a new compact digital gamma camera combined with commercially available radiopharmaceuticals for high-resolution localization and imaging of malignant prostate tumors without the need for multiple, potentially harmful invasive biopsies.
Hybridyne Wow Factor: With a widespread need to detect early-stage cancer through high-resolution, targeted nuclear imagery, their compact gamma camera technology is providing a breakthrough capability that is bringing early stage cancer diagnosis to an unprecedented level of sophistication.
NextRay, Inc.: Bringing breakthrough high-resolution, low-dose medical imaging technique from the synchrotron to the doctor's office.
NextRay Wow Factor: Produces more detailed images with less than one percent of the radiation used in current X-ray imaging systems.
New Technology for Lithium Ion Battery Electrodes: This technology will create more powerful lithium ion batteries, which are key components of portable consumer electronic devices, electric vehicles, and grid-scale energy storage systems.
BNL's Lithium Ion Battery Electrodes Wow Factor: Batteries with this technology have been show to have more energy efficiency and longer lifetime than current lithium ion batteries.
High Performance Room-Temperature Radiation Detector: These compact cadmium zinc telluride (CZT) detectors can identify elemental isotopes and perform high-spatial-resolution digital imaging. The ability to operate at room temperature makes these high-performance CZT detectors more practical in many applications and cost-effective compared to existing detectors that require an expensive cooling apparatus for handling liquid nitrogen. Increased charge collection efficiency and higher energy resolution offered by the unique BNL CZT detector design enables the use of commercially available imperfect CZT crystals, supporting fabrication of a robust, low-cost detector system.
BNL's Radiation Detector Wow Factor: The characteristics of these high performance CZT detectors make them ideal for deployment in spaces too small for conventional cryogenically-cooled detectors, impacting several medical, environmental, and national-security markets. Their characteristics also support fabrication of large-area detecting planes composed on individual tiles that can substitute for advanced, but more-expensive, monolithic 3D detectors.
SMES/Superconducting Magnet Energy Storage Technology: This superconductor-based energy storage technology uses powerful magnetic fields to store huge amounts of energy and connects these energy storage devices to the electric power grid.
BNL's SMES Wow Factor: Uses superconducting cables that virtually eliminate power losses, which can revolutionize energy storage and transmission worldwide.
SynchroPET: Commercializing new positron emission tomography (PET) technology out of Brookhaven National Laboratory. The company is currently working on four prototypes: two for pre-clinical research and drug development, and two for human diagnostics. All four devices can be considered disruptive technologies in their respective fields.
SynchroPET Wow Factor: Impact creates detailed images and quantitative analysis for actionable knowledge in medical research and diagnostics through innovative scalable solutions.
LICA and BNL are hosting the Technology Transfer Capital Forum on June 8, 2012, at 8 a.m. at 68 South Service Road, Melville, NY. The technology companies and the exciting technologies being presented at the forum have been developed through BNL research. Three presenting companies seek capital investments for furtherance of their business plans, while two of the technologies being highlighted are immediately available for the creation of new businesses or to enhance the development of existing companies.
For more information or to attend the event, please contact LICA today or register online.
About the Long Island Capital Alliance:
Since 1984, the Long Island Capital Alliance (www.licapital.org), formerly known as Long Island Venture Group, has been promoting business growth on Long Island. LICA seeks to create a productive and business-friendly environment that will afford area businesses access to the resources necessary to compete successfully in today's markets. LICA serves as a focal point for the exchange of ideas among new and existing business enterprises, successful entrepreneurs, investors, and service providers. Through quarterly capital forums and special meetings, LICA brings together members of the region's business community, and has been recognized as the place to turn to when small businesses needs equity, debt, or other financing, or for investors to find an attractive investment opportunity.
LICA's mission is to encourage economic development on Long Island by facilitating capital formation for a broad range of companies in various industries, from early stage to mature middle market closely held and publicly-traded businesses. LICA accomplishes this primarily through education, networking, quarterly capital forums, periodic special educational meetings, and alliances with other regional organizations. LICA brings together members of the region's business community and serves as the finance arm for significant local business and organizations.
About Brookhaven National Laboratory:
One of ten national laboratories overseen and primarily funded by the Office of Science of the U.S. Department of Energy (DOE), Brookhaven National Laboratory conducts research in the physical, biomedical, and environmental sciences, as well as in energy technologies and national security. Brookhaven Lab also builds and operates major scientific facilities available to university, industry, and government researchers. Brookhaven is operated and managed for DOE's Office of Science by Brookhaven Science Associates, a limited-liability company founded by the Research Foundation for the State University of New York on behalf of Stony Brook University, the largest academic user of Laboratory facilities, and Battelle, a nonprofit, applied science and technology organization.