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Presenters and Panelists Selected for First Event Under New Alliance

Thu, 05/17/2012 - 6:45am
The Associated Press

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 WowFactor: 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(http://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.

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