Presenters and Panelists Selected for First Event Under New Alliance
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
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
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
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
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