(AMEX: UTK), a Plant-city based company that specializes in
discovering marketable university-developed technology and
then acquiring it, said it will acquire theTechEx.com Web
site through a stock exchange transaction the value of which
was not disclosed. Utek wants the assets of a TechEx.com,
a subsidiary of Intellectual Property Exchange Inc., an Internet
exchange for the marketing of biomedical technology devel-oped
at universities and medical research organizations.
transfer profes-sionals use the TechEx.com site to exchange
new technology discoveries and licensing information, according
to Utek officials. Clifford M. Gross, Utek's chairman and
chief executive, called the transac-tion łan excellent opportunity.˛
Gross and cofounder Uwe Reischl, started the company in 1998.
Reischl is president.
business plan is based on the fact that many discoveries go
unlicensed. Last year, North Amer-ican universities spent
almost $26.8 billion on research that resulted in 12,000 new
inven-tion disclosures, many of which remain unlicensed, according
to the Association of University Technology Managers.
chief business is acquiring exclusive licenses for new discoveries,
then fund-ing further development. It then transfers, or licenses,
tech-nology manufacture to companies that have the ability
to translate technology into marketable products. Among the
newest ideas it has developed is a new test for potential
detection of colon, testicular and ovarian cancers.
Networking in Lakeland
In Polk County, Josh Hallett, president of Lakeland-based
CDN Partners Inc., says his company is in Polk County because
very few of CDN's competitors are there. A computer network
support firm, the company serves manufacturers, distributors
and other companies in areas that Tampa and Orlando based
competitors would rather avoid, due to travel time. As a result,
CDN has picked up several statewide accounts, based on its
performance in towns like Lakeland.
adds one engineer to the 24-employee firm's pay-roll each
month. He says Polk's centralized position helps the company
serve statewide customers. Using the newly finished Polk Parkway,
employees can be in Tampa in 25 minutes or Orlando in 45.
Local development experts say Polk County's position in the
center of the state smack between two significant economic
engines provides the county with strong allure.
Winter Haven based DocuLex Inc. says it has partnered with
Ricoh Silicon Valley Inc. of Cupertino, Calif., to offer a
digital way to capture docu-ments, index or archive them,
and retrieve them easily. The product is called PDF Capture
eCabinet. It makes it possible for companies to scan traditional
paper documents, secure them in digital format and then get
them back when needed using a computer. It stores text as
well as images. The company named it after a regular file
cabinet (eCabi-net) because the software converts a computer
into a file cabinet.
same radio technology that is used by the Israeli Air
Force for in-flight fueling, has been adapted to track
fueling of car and truck fleets.
A Clearwater company, SCI International, allows the managers
of fleets of cars and trucks to control mistakes, waster and
fraud, at company fuel pumps. The product called SmartFuel
employs a tiny radio signal transmitter that is fastened to
a vehicle's gas tank and fuel pump to make sure that fuel
will flow only when the correct fuel nozzle is inserted into
the correct tank for the correct driver. The SmartFuel system
is controlled by a wireless radio fre-quency modem connected
to the fleet manager's office computer. It can be installed
on electronic or older mechan-ical fuel pumps, the company
says the technology evolved from radio technology developed
by the Israeli Air Force to control fuel flow during in-flight
refueling of aircraft. See www.sciww.com
Copyright © Maddux Report L.C. 2002