Navigation Links
Why Texas is #1 in Business: Local BioTech Company Expands

GEORGETOWN, Texas, Sept. 5, 2012 /PRNewswire/ -- DiFUSION Technologies, Inc. announced today that it has secured $9.3 million in private and public financing: $4.2 million in convertible debt and $5 million in equity financing all from private non institutional investors.  In addition to the corporate financing, the company has announced a grant from the City of Georgetown Economic Development Corporation for $92,000 for the purchase of highly specialized lab equipment.  In return DiFUSION has signed a performance agreement to create 10 jobs over three years.

Founded in 2008, DiFUSION Technologies is an advanced biomaterials manufacturer located in Georgetown, Texas. DiFUSION has developed multiple patented MITA Technologies (Metallic Ion Therapeutic Agents) for antimicrobial, cellular repair, tissue regeneration, bone growth, scaffold construction, and increased angiogenesis.  DiFUSION's first product, CleanFuze™*, was developed as an antimicrobial load-bearing biomaterial for orthopaedic applications and has proven highly successful in animal testing.  CleanFuze™ is currently being scaled up for regulatory approval and commercialization. DiFUSION is dedicated to leveraging these breakthroughs across multiple healthcare channels.

Just three short months after DiFUSION's incorporation in July 2008, the U.S. and worldwide economies collapsed, causing venture capital opportunities to evaporate overnight and a host of potential innovations to be put on hold.  Knowing their new, antimicrobial technology for orthopedic implants posed a solution to one of the most common and expensive problems in the medical arena (SSIs), DiFUSION decided to "bootstrap" their finances, moving forward with research and development - but not without sacrifice.  While $4.2 million was raised through private investors (industry colleagues) over a four year period in order to hit the necessary "A round" milestones on the path to the revenue stage, the DiFUSION team was largely going without pay.

Their dedication certainly paid off as they launched their first commercialized product, Xiphos™ Posterior Spinal Fusion System, last October, creating a steady revenue stream that allowed their "A round" financing to convert to equity.  Additionally, DiFUSION recently secured another $5 million in private investments for "B round" support – all from private investors who notably benefitted from Bush Administration capital gains exclusions.  The total $9.2 million, raised since DiFUSION's inception in 2008, is not comprised of any venture capital or bank funding and has assisted in the creation of ten high paying tech jobs so far (including four PhD and two Masters level), all the while pumping millions into the local Georgetown and Greater Austin economies.

"We are very excited as to DiFUSION's potential to revolutionize the industry with the technology that we are developing," comments Nad Verjee, who represents the "B-round" investors.  "The structure and incentives that the TLCC has put in place enables technology companies to cultivate and develop during the critical start-up phase. This is very important to ensure the survivability of start-up companies like DiFUSION. We owe our gratitude to the TLCC and in particular to Mr. Russ Peterman and Mark Thomas for enabling DiFUSION to make it through this critical phase."

Along with the success of their Xiphos™ launch and the expansion of their finances, DiFUSION has received a capital equipment grant to help facilitate their rapid expansion.  The City of Georgetown in conjunction with the Georgetown Economic Development Corporation has granted those funds for the purchase of an ICP Plasma Spectrometer – a necessity for DiFUSION to proceed with testing.  DiFUSION is also hosting a ribbon cutting ceremony for their new state of the art 3,000 square foot web lab facility on September 20th.

"DiFUSION Technologies is a role model for post-incubation recruitment in my opinion," claims Russ Peterman, the Director of TLCC and Chairman of the recently formed Texas Bio Corridor Alliance.  As Peterman sees it, the company was past early stage development when he recruited them from Austin, but their potential was unlimited.  "We did what we could to facilitate, but in the end it was their innovative technology, targeted collaborations, and the determination of their CEO that has led to their success.  I believe his military experience and focused approach with investors was the deciding factor in making this company roll."

The TLCC is a non-profit organization, based in Georgetown, Texas that has been focused on enabling the development of potential biotechnology advancements to the point of successful commercialization since 2007.  The Texas Bio Corridor has a similar focus, but acts as a collective group of innovative life science companies that are located all along the Interstate 35 stretch from Dallas/Fort Worth all the way to San Antonio. 

According to Mark Thomas of GEDCO, "DiFUSION Technologies is a valued addition to the Texas Life Sciences Collaboration Center. Recently the Georgetown Economic Development Corporation and Georgetown City Council unanimously voted to grant $92,000 to DiFUSION, so that they could purchase an ICP Spectromenter which will allow the company to expand and add jobs. The City of Georgetown Economic Development Department is working hard to create biotechnology jobs in Georgetown to diversify the economy, and this grant to DiFUSION is an important part of that initiative."

DiFUSION's founder and CEO, Derrick Johns offers sincere thanks to Russ Peterman and Mel Penland from TLCC as well as Mark Thomas of GEDCO, claiming that DiFUSION's "success is largely based on the TLCC facility, our newly expanded lab space, and the capital equipment grant from the City of Georgetown."  According to Johns (a native of Connecticut), "such enormous opportunities for start-ups simply don't exist in the Northeast – which is why Texas businesses and the economy are thriving here more than anywhere else."

About DiFUSION Technologies
Founded in 2008 in Austin, Texas, DiFUSION Technologies, Inc. is a medical device company focused on reducing the rising incidence of surgical site infections in orthopedic and spine surgery through the development of a suite of patented antimicrobial orthobiologic polymeric implants.  Initially focusing on the multi-billion dollar spinal implant market, the company has developed a technology with applicability across a variety of orthopedic segments using well characterized implants with benefits for the patient, surgeon., hospital and payer.  For more information about DiFUSION Technologies, visit

Related Links
Company Website Home Page 
Website About Us Page 
Website Product Page

DiFUSION Media & Company Contact:
Karyl Fowler
Executive Assistant/Office Manager
Office: 512-863-7777

SOURCE DiFUSION Technologies, Inc.
Copyright©2012 PR Newswire.
All rights reserved

Related biology technology :

1. Manipulating way bacteria talk could have practical applications, Texas A&M profs say
2. Life Technologies Plant in Austin, Texas Named One of IndustryWeeks Top Ten Best Plants for 2011
3. CuraLase Expands with New Franchise in Texas
4. CEM President and CEO Delivers Commencement Address at the 2012 University of Texas at Austin Chemistry and Biochemistry Department Graduation
5. Mining cleanup benefits from Texas A&M expertise
6. United States Rocket Academy Welcomes XCOR Aerospace to Texas
7. Worlds smallest semiconductor laser created by University of Texas scientists
8. NSBRI Renews Space Life Sciences Graduate Programs at MIT, Texas A&M
9. Texas Medical Center, the largest concentration of medical research, educational and healthcare organizations in the world, announces the first Houston Stem Cell Summit to highlight the latest stem cell research and commercialization efforts
10. Registration now open: 2012 Regional, State, and Local Initiatives in Nanotechnology
11. Novo Nordisk To Award $80,000 To Local Programs That Help People Living With Diabetes In Detroit As Part Of Educational Initiative
Post Your Comments:
(Date:11/25/2015)... ... November 25, 2015 , ... A long-standing partnership between ... (OPBAP) has been formalized with the signing of a Memorandum of Understanding. , ... leaders Capt. Karl Minter and Capt. Albert Glenn Tuesday, November 24, 2015, at ...
(Date:11/25/2015)... ... November 25, 2015 , ... ... were featured on AngelList early in their initial angel funding process. Now, they ... for individuals looking to make early stage investments in the microbiome space. ...
(Date:11/24/2015)... 24, 2015 Cepheid (NASDAQ: CPHD ) ... the following conference, and invited investors to participate via ...      Tuesday, December 1, 2015 at 11.00 a.m. Eastern ...      Tuesday, December 1, 2015 at 11.00 a.m. Eastern ... New York, NY      Tuesday, December 1, ...
(Date:11/24/2015)... ... November 24, 2015 , ... Copper is an essential micronutrient ... to proteins, copper is also toxic to cells. With a $1.3 million award ... will conduct a systematic study of copper in the bacteria Pseudomonas aeruginosa (P. ...
Breaking Biology Technology:
(Date:11/19/2015)... MOUNTAIN VIEW, Calif. , Nov. 19, 2015 /PRNewswire/ ... authentication market, Frost & Sullivan recognizes BIO-key with the ... Strategy Leadership. Each year, Frost & Sullivan presents this ... comprehensive product line catering to the needs of the ... which the product line meets and expands on customer ...
(Date:11/17/2015)... , November 17, 2015 Paris ...   --> Paris from 17 th ... DERMALOG, the biometrics innovation leader, has invented the first combined ... on the same scanning surface. Until now two different scanners ... one scanner can capture both on the same surface. ...
(Date:11/16/2015)... , Nov 16, 2015  Synaptics Inc. ... human interface solutions, today announced expansion of its ... ™ touch controller and display driver integration ... of smartphones. These new TDDI products add to ... (HD resolution), TD4302 (WQHD resolution), and TD4322 (FHD ...
Breaking Biology News(10 mins):