Navigation Links
Kudos for 3 NJIT Enterprise Development Center high-tech companies
Date:4/9/2012

Three high-tech companies based at NJIT's Enterprise Development Center (EDC) took top awards at the recent 2012 Venture Conference sponsored by the New Jersey Technology Council.

Endomedix, Inc., a medical device company received the notable laurel "best life science company." The company recently received its first issued patent for technology to produce chemical solutions composed of natural biomaterials. Surgeons can spray or syringe solutions onto a surgical site, and the solutions will form hydrogel devices in situ within 15 seconds.

The first device will be a spray-on surgical hemostat to control bleeding during surgery and will be indicated for use in brain surgery. The device is expected to shorten the typical craniotomy procedure by 30 minutes. This will translate into less time for the patient's skull to be open and less anesthesia, reducing morbidity and the possibility of infection. The device is expected to save hospitals more than $3000 per case and will be easier to store and use. "Endomedix has developed a platform technology that it's spinning into a series of related medical devices, to improve surgical procedures and outcomes in existing markets without requiring surgeons to learn new techniques. It's exciting to push through milestones toward commercialization and bring savings and improvement in a $3 billion market," said President and CEO Richard Russo.

Allweb Technologies Inc., which is focused on addressing the password overload and identity fraud challenges for online web users and enterprises, received the "best information technology company" award. The flood of passwords required to log into websites is causing major issues such as forgotten passwords, account lockdown and more for web users. The use of simpler passwords is resulting in increased user identity fraud. Companies and other organizations incur significant expenses from help desk support for password resets and employee lost productivity. Allweb CEO and co-founder Adnan Qadeer established the company to create an identity management eco-system to eliminate the need to remember passwords.

The company soon hopes to launch the first and only cloud-based service for password management with the security and convenience of two-step user identity authentication in real time. The system will use biometrics-based user identification. The company has also developed one of the fastest, most scalable and highly accurate fingerprint matching systems that can be used for real-time individual identification applications in the public and private sectors.

ATC Labs received the best communications company award. The company, which is based in New Jersey and India, has a proven technology platform in audio and visual compression and processing. "One of our key customers, Sirius XM, achieved a nearly 30 percent gain in the bandwidth efficiency on its Sirius Satellite audio service using our technology," said ATC Labs President Deepen Sinha, PhD. ATC recently launched three products for Internet Radio, and the rapidly-expanding FM broadcasting industry in India, where 800 new stations are projected to be on the airwaves.

ALCO ProfessionalTM delivers top-quality content from broadcast field reporters via the Internet to viewers and listeners. It works with its own low-delay audio coding and processing for enhanced sound fidelity and robustness. Although it can work with any Internet connection, optimal performance for 2G/3G wireless connections is its core strength.

Perceptual SoundMaxTM Audio Processor is a 24-band rack-mount novel audio processor. "It's designed to produce a cleaner, fuller, and livelier sound," said Sinha. Packed with tools for improving listener experience, it makes it a breeze for broadcasters to attract and hold listeners' attention.

The Perceptual ACE-HD Video Encode Server is a real-time MPEG4/MPEG2 encoder product for Internet Streaming and Video-On-Demand. Features include a wide selection of video and audio bit rates, HD video encoding, multiple audio format support (MP2/MP3/AAC/AAC+), SDI/HDMI input interface, and TS/MP4 encapsulations.


'/>"/>

Contact: Sheryl Weinstein
973-596-3436
New Jersey Institute of Technology
Source:Eurekalert

Related medicine news :

1. MetricStream Selected by SunTrust for Enterprise-Wide GRC
2. Enterprise Architecture -- Breaking Away From The Pack
3. Industry Benchmark Report Finds Full Mobile Lifecycle Management and ITSM Critical to Enterprise Mobile Management
4. Perceptive Software Announces Successful Participation in Integrating the Healthcare Enterprise (IHE) Connectathon
5. Olympic Gold Medalist Endorses Health Enterprises AfterSwim & Swim-Fit
6. MetricStream Enters into Agreement to Provide Enterprise Risk Management Software Solution to AEI
7. Kramer Healthcare Technologies' RQi enterprise™ Revenue Cycle Solution Selected by Piedmont Healthcare
8. iCMG Architecture Awards for Truly Outstanding Enterprise and IT Excellence
9. Industry Veteran Bob O'Hara to Share Insights on Enterprise WLAN Market at Interop Las Vegas 2010
10. ERP Software Company TGI Announces No Maintenance Fee Increase Guarantee for Enterprise 21 ERP Software
11. MessageSolution Releases Enterprise Migration System for GroupWise, Advancing its Technology Leading Position for Enterprise Information Archiving and Migration
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/27/2016)... ... June 27, 2016 , ... "FCPX editors can now ... of Final Cut Pro X," said Christina Austin - CEO of Pixel Film Studios. ... Final Cut Pro X users can now reveal the media of their split ...
(Date:6/27/2016)... ... June 27, 2016 , ... A revolution is ... emergency ambulance transport experience for the millions of people who require these medical ... the taxi industry through the use of technology. Now, SmartEMS has put forth ...
(Date:6/26/2016)... ... June 26, 2016 , ... On June 10-11, 2016, A ... 2016 Cereal Festival and World’s Longest Breakfast Table in Battle Creek, MI, where the ... history as home to some of the world’s leading providers of cereal and other ...
(Date:6/26/2016)... ... , ... Brent Kasmer, a legally blind and certified personal trainer is helping to develop a ... fitness app plans to fix the two major problems leading the fitness industry today:, ... type program , They don’t eliminate all the reasons people quit their exercise ...
(Date:6/25/2016)... ... , ... Austin residents seeking Mohs surgery services, can now turn to Dr. ... Russell Peckham for medical and surgical dermatology. , Dr. Dorsey brings specialization to include ... in Mohs Micrographic Surgery completed by Dr. Dorsey was under the direction of Glenn ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... 2016   Bay Area Lyme Foundation , ... Center for Tick Borne Illness , Harvard Medical ... Hacking Medicine, University of California, Berkeley, and the ... five finalists of Lyme Innovation , the ... 100 scientists, clinicians, researchers, entrepreneurs, and investors from ...
(Date:6/24/2016)... June 24, 2016 The Academy of Managed ... recommendations that would allow biopharmaceutical companies to more ... that make formulary and coverage decisions, a move that ... new medicines. The recommendations address restrictions in ... on the drug label, a prohibition that hinders decision ...
(Date:6/24/2016)... 24, 2016 Research and Markets has ... Companion Diagnostic Tests" report to their offering. ... Diagnostics The World Market for Companion Diagnostics ... diagnostics. Market analysis in the report includes the following: ... Vitro Diagnostic Kits) by Region (N. America, EU, ROW), 2015-2020 ...
Breaking Medicine Technology: