TechJournal South
Header

Archive for May, 2010

Virginia-based Encell charges up with $5.5M funding

Thursday, May 27th, 2010

EncellCHARLOTTESVILLE, VA – Encell Technology Inc., a company developing advanced energy storage systems, has raised a $5.5 million equity financing, according to a regulatory filing.

Founded in Atlanta in 2006, the company moved its headquarters to Charlottesville, VA, recently. It also has R&D and manufacturing facilities in Alachua, FL.

Encell has developed and manufactures a family of green, safe and economical rechargeable industrial batteries. One of the main applications for Encell’s batteries is to provide energy storage and power back-up for the base transceiver stations of mobile network operators.

It also develops and manufactures green rechargeable batteries for the automotive sector, green building industry, the computer industry and other vertical markets.

Encell’s near term focus is on the mobile communications industry and secondarily on the fixed line telecommunications and data storage industries. To address these markets, it designed and patented a power storage solution, the Sentinel Smart Power System.

The Sentinel is based on Nickel Metal Hydride (NiMH) chemistry. The Sentinel™ improves operating efficiency and reduces the cost of maintaining back-up power installations.

The company recently is working with the University of Virginia to develop novel battery chemistries and designs.

Encell disclosed the funding in a filing with the U.S. Securities and Exchange Commission.

Facebook simplifies privacy settings, but concerns remain

Thursday, May 27th, 2010

facebooklogoPALO ALTO, CA – Facebook has reacted to a growing backlash against its self-serving privacy policies that even elicited concerned comments from lawmakers by simplifying its privacy controls.

Although thousands of users either deleted their Facebook accounts or threatened to, the actual numbers of users disgruntled enough to quit the service probably did not make much of a dent in its total user base, which now exceeds that of  the population of the United States.

Facebook’s privacy settings have been a hot button issue regarding the site for some time, but aroused particularly intense discussion since the site made changes in April. Those changes forced users to share some information with the outside world whether they wished to or not.

Many people complained that the site’s privacy settings required a user to jump through too many hoops to protect their information. Facebook at first responded that their users wanted such granular controls.

At a news conference Thursday, Facebook CEO Mark Zukerberg said, “A lot of people are upset with us.”

In simplifying its privacy controls, Facebook now offers users the ability to apply their desired privacy settings to all their content with one click.

Preventing outside sites and applications from accessing a users data can now also be done with a few clicks.

While many critics applauded Facebook’s changes, some, including lawmakers, still expressed concerns with the way it handles privacy issues.

Senator Charles Schumer, for instance, said he would rather the site made users take an action to turn on sharing rather than to turn on privacy settings.

Earlier this month, TechJournal South columnist Joe Procopio wrote about the issue in his piece, In Defense of Facebook.

The new changes are unlikely to completely quell controversy over Facebook, which has also raised concerns with security breaches and changes in the way it handles user news feeds.

As an active user, we hope this latest fracas teaches Facebook that it cannot just impose its vision of a world where everyone shares everything on its users and Facebook makes money selling advertising around the content.–By Allan Maurer

Oncoscope to tackle one of the deadliest cancers

Wednesday, May 26th, 2010

OncoscopeBy Allan Maurer

DURHAM, NC – Oncoscope, which recently closed a $1.5 million financing, has developed a diagnostic technology that makes it easier for doctors to discover esophageal cancer–one of the deadliest forms of the disease–early enough to save lives.

The company is already working on a B round of financing targeted at $14 million it hopes to close this year to support launching its product in 2012 as well as further product development.

Oncoscope was founded in June, 2006 to develop clinical applications of discoveries in the field of optical imaging pioneered by Dr. Adam Wax at the Department of Biomedical Engineering of Duke University.The company raised a $2 million A round and is backed by NC Idea and Southeast TechInventures. It also received a number of SBIR grants, including on for $1 million last year.

Esophageal cancer results in a 96 percent mortality rate because by the time symptoms appear, it’s too late to do anything about it. Compare that to colon cancer, which has only a 33 percent mortality rate, largely due to effective methods for detecting precancerous conditions via a colonoscopy.

Currently, no similarly effective early screening diagnostic test exists for deadly esophageal cancer.

Oncoscope CEO Perry Genova tells us the company’s technology analyzes light scattered onto tissue to determine the diameter of an object reflecting the light. In esophageal cancer, an enlarged cell nucleus is associated with a pre-cancerous state “100 percent of the time,” says Genova.

Unlike precancerous polyps in the colon, however, the changes lie beneath the surface in the esophagus and cannot be visually detected with endoscopic examinations.

The Onconscope could replace current methods of taking random biopcies of esophageal tissue–which is invasive and ineffective. “They take little bites out of tissue with a device like an alligator clip. They sample only 1 percent to 5 percent of the tissue, so the odds (of finding precancerous tissue) are pretty low,” says Genova.

The most common cause of esophageal cancer is reflux disease (heartburn), which most people treat only with over-the-counter drugs. Over time, it can cause precancerous cellular changes to esophageal tissue.

An estimated 16,470 adults (12,940 men and 3,530 women) in the United States were diagnosed with esophageal cancer in 2009.

About 14,500 people died from the disease last year. Esophageal cancer is the seventh most common cause of cancer death among men.

The Oncoscope provides a greatly increased chance of detecting precancerous esophageal changes early enough to treat the disease more successfully.

It can also save healthcare costs, since taking tissue samples and performing biopsies is the most expensive part of current diagnostic methods. Genova says it could reduce the current average pathology costs of about $1,800 by half to $900. “That’s a dramatic improvement while at the same time you’re increasing your chance of finding something,” says Genova.

While initially focused on the esophageal space, the company’s technology can also prove useful for diagnosis of disease in the epithelial tissues of the oral cavity, stomach, colon, lung, cervix and bladder.

Immune Tolerance Institute, NC Research campus collaborating

Wednesday, May 26th, 2010

Main building at the NCRC

KANNAPOLIS, NC – The Immune Tolerance Institute Inc of Menlo Park, California says it will establish a Center for Critical Path Research in Immunology in collaboration with the David H. Murdock Research Insittute on the North Carolina Research campus in Kannapolis.

The new center aims to accelerate the discovery and development of new breakthrough treatments for the millions of people afflicted with the broad range of immune system-related conditions.

The CCPRI will integrate state-of-the-art genomic, cellular, proteomic and bioinformatics technology platforms to discover and develop novel biomarkers that more effectively guide new advances and match patients with therapies.

“The potential for this collaboration to reverse the effects of dreaded immune diseases now facing mankind is immeasurable,” stated David H. Murdock, visionary and founder of the NC Research Campus.

Louis Matis, M.D., president and CEO of ITI said,  “There is growing consensus that applying more evidence-based understanding of disease to patient care will be critical to developing new therapies that are safer, targeted to the right patients, and thus more effective in disease prevention and treatment.”

Clearwave Corp. nabs $4.9M of $7M offering

Wednesday, May 26th, 2010

ClearWaveATLANTA – Clearwave Corp., which sells a kiosk that lets medical facilities of all sizes authenticate insurance eligibility and verify patient identification, has raised nearly $5 million of a $7 million equity offering.

The company’s Healthcare’s Authentication Network and Kiosk (HANK) provides a solution for organizations to authenticate eligibility for insured patients while giving the uninsured and self-pay patients the ability to provide basic household and personal information before services are rendered.

The company says it has connections to 95 percent of all health insurance payers in the market.

Patients check-in through a self-directed process at the kiosk, which the company notes also saves staff time.

The current offering has been open for more than a year.

Clearwave raised a $5 million B round in 2003.

Six steps to using google for product development

Wednesday, May 26th, 2010

 

 

GoogleBy Larry Kilham

When you think of a bright idea for your business you want to research further, you want to do it now. Your neurochemicals are flowing. Your neurons are alertly looking for new connections. Your brain is stepped up to an emotional high. While it is there, avoid procrastination.

Keep moving while you can see all of the project’s interrelationships. While fear of failure is undoubtedly present, on balance you will feel better about yourself if you pursue the emerging development while your mind is in high gear.

A good search engine, such as Google, can make developing a new product or service much more efficient and insightful. Often its use leads to serendipitous results for first-time users trying to find solutions to new problems.  How do you know when to start creating with Google and how to go about it? It’s much easier when you have an actual creative design challenge. It helps greatly to have the motivation of getting useful information tied to a real goal.

Six important steps

What is the optimum way to make use of Google’s comprehensiveness and speed? In addition to following the basics of any well-designed search project, there are at least six important steps:

1 – Narrow the search and find prior solutions. This is the time to engage your curiosity and surf all around in Google and other web sources. Get a sense of the lay of the land. Which direction do you want to be headed? Has somebody already developed the product or service you were seeking to invent? If not, why not? Have some obstacles unforeseen by you been discovered by others? Can you still envision a solution, not yet offered on the Web, which is worth pursuing? What are the key technical or design problems that need to be overcome? Can your resources and ingenuity successfully address them?

2 – Postulate a design or system solution. From what you have now learned from the Web, can you make sketches of your imagined creation? For example if it is a mechanical design, can you envision the placement of motors, gears, shafts, controls and so on? If it’s electronic, can you draw a block diagram and logic flow chart for which specific circuits, IC chips and software can be dropped in later?

3 – Look for design elements on the Web. Check the Web and other sources for suppliers and parts and ingredients for your creation. Sometimes seeing different parts or ingredients than you originally had in mind will cause you to improve your design. It never hurts to order some key parts and start physical experimentation, if for no other reason than to further focus your mind on the essence of the solution.

4 – Design and redesign. This is also part of the relentless quest for full understanding of the process and perfection in action. When new products or services are created interactively with Google, iterate back and forth keeping in mind both the big picture and the details. This is the dual focus between you and the computer clouds for greatest creativity.

You can tweak your design too much or too little. It is important to know when to stop tweaking your invention. Most people tend to err on the side of premature product introduction. In retrospect, most inventions would have been better to not worry so much about being first to market and better to have worried about reliable product performance.

5 – Find other people, companies and projects with similar interests with whom you can communicate. It often happens that you will have chance encounters in cyberspace as well as individual people ferreted out on the Web who may be of special interest to you such as professors, writers, skilled tradesmen, software writers and the like. Of course not all of your new acquaintances may turn out to be as friendly or useful as they first appear–some may well turn out to be jealous or competitive – but it’s best to get involved with other people at this point and weed out the undesirable ones as you go along.

6 – Organize notes and source material. In the past, note taking, indexing and filing consumed disproportionate amounts of project time. While this essentially manual process will never be eliminated completely, Web services such as Google, plus similar information access technology for use on data stored in your computer, make it easier to manage a database.

By noting search terms that work particularly responsively in Google, in effect you have defined personal space in Google search. By using a search engine to find things in the impossibly large and growing database in a personal computer, personal database is more responsive to queries and hopefully, no data or insights are lost.

In addition to gathering information, Google can also channel the creative mind into the unique imagination space that could not be found by simple daydreaming.

Seeing what potential suppliers of parts and services do, and seeing the features of similar product designs, can give you new ideas to fine-tune your focus. If this tack is not productive, give your mind free rein to wander again. This is stepping back and searching anew for the way forward.

You should not overlook using Google or other search engines and Web resources to research the early history of your business, product or service. This history notably would include the pioneering big thinkers in the field. It can be very revealing to see what they thought about the important issues.

The original thinkers in various areas were, by nature, very curious and often expressed themselves in a frank and wondrous manner. While their naïveté in hindsight may seem laughable, on the other hand they often spoke in straightforward terms that paid no attention to offending colleagues or to political correctness. They noticed things that might be worth reexamining.

About the Author:

Larry Kilham is a speaker and consultant specializing in new product development for high tech companies. He is the author of the forthcoming book, “MegaMinds: How to Create and Invent in the Age of Google.”  Larry and his family are successful inventors and entrepreneurs with many patents and awards. He has a master’s degree from MIT and has founded three companies. To find out more about Larry’s speaking and consulting, please contact him by email at lkilham@gmail.com.

Atlanta-based Certiport buys MeasureUp

Wednesday, May 26th, 2010

CertiportATLANTA – Certiport ,  a provider of test delivery services for the global workforce and academic markets, has acquired MeasureUp, a global leader in IT practice tests and assessment services. Financial details were not disclosed.

Certiport says the acquisition will allow it to offer a full range of solutions to support the entire certification lifecycle including study materials, practice exams, and certifications. Certiport will continue to serve the academic market through its network of more than 10,000 testing centers in 142 countries worldwide, while strengthening their presence in commercial and corporate sectors.

MeasureUp practice tests stand out for their  use of simulation questions, comprehensive explanations, complete coverage of exam objectives, multiple delivery modes, and in-depth reporting. MeasureUp has been a long-term practice test provider for Microsoft certifications.

McAfee acquiring mobile management firm Trust Digital

Wednesday, May 26th, 2010

McAfeeMCLEAN, VA – McAfee Inc. (NYSE:MFE) has agreed to acquire Trust Digital, the McLean-based company selling enterprise mobility management software.

Financial terms were not disclosed.

Venture-backed Trust Digital is backed by Summerhill Venture Partners, Fairhaven Capital, Core Capital Partners, Avansis Ventures, MMV Financial and Square 1 Bank.

Trust Digital sells enterprise mobility management and security software targeting Global 2000 companies and is deployed by a growing number of businesses to deliver mission critical data to the point of service using Apple iPhones and iPads.

IT organizations rely on Trust Digital to secure, rapidly deploy and centrally manage smartphones, as well as a new generation of always-available line of business applications and services.

TerraGo Technologies locates $1M of $2.5M offering

Tuesday, May 25th, 2010

terrago_logoATLANTA – TerraGo Technologies Inc., a company selling software that lets people without sophisticated GIS experience work with complex maps and images, has raised nearly $1 million of its targeted $2.5 million raise, according to a regulatory filing.

TerraGo was raising a $4.5 million round in 2009 led by CNF Investments.

The company disclosed the funding in a filing with the U.S. Securities and Exchange Commission.

The company raised a $6.3 million Series A round in May 2007 led by RedShift Ventures with participation from CNF Investments, the venture capital arm of Clark Enterprises Inc., and In-Q-Tel, an investment fund that supports missions of the Central Intelligence Agency and larger U.S. intelligence community.

TerraGo Technologies delivers software applications that extend the access and application of maps and images for non-GIS users and customers.

More than 700 organizations, including many defense and intelligence agencies, utility companies, public safety/emergency response departments, natural resource management and engineering firms, depend on TerraGo software.

“In a nutshell,” says TerraGo VP of Marketing Chris Watson in a previous interview with TechJournal South, “We help companies take the investments they made in maps and images, big GIS systems or a relationship with Google Earth and disseminate the information more effectively to non technical people.

“A large number of people don’t even know what GIS stands for, but need the information. Our software allows them to take maps into the field and make annotations, edit them electronically, attaché audio or video, and send them back to the system of record.”

Previously on TechJournal South:
TerraGo unleashes the power of geospatial data

Google discloses Southeast economic impact figures

Tuesday, May 25th, 2010

GoogleSOUTHEAST – Google disclosed the economic impact of its Web advertising and other activities throughout the U.S. at a series of events Monday, revealing that Florida and Georgia benefited most in the Southeast. Florida, Google says, gained a whopping $3.2 billion, while Georgia saw $1.4 billion in total economic value generated by the search engine giant, the company said.

According to the Google reports, Florida generated that much value via 119,000 Web businesses, publishers, and non-profits that received grants.

Georgia boasts 48,200 advertisers, publishers and non-profit grant recipients.

Other Southeastern states and DC also racked up substantial economic value from their Google-related operations.

North Carolina’s 39,600 publishers and advertisers and non-profits generated $778.6 million in total economic value, according to the Google reports, while South Carolina saw $254 million generated by 15,000 businesses and organizations.

In the Potomac region, Virginia leads the parade with a total economic value of $962 million from 39,400 advertisers, publishers and others.

Maryland’s 31,100 Google-associated businesses churned out $795 million in economic value, while in DC, 5,800 businesses created $254 million in Google-related economic value.

Google’s economic impact map lets users see results from any state in the survey. See:

Full report