THE WOODLANDS, Texas, June 11 /PRNewswire/ -- SeprOx Corporation received a pre-seed commercialization award from the Texas Emerging Technology Fund (ETF) presented by Governor Rick Perry at Texas Technology Leadership Day held this past Friday at the Houston Technology Center. SeprOx will receive an initial investment of $250,000 and is eligible to receive up to $1 million in total funding.
"Too often, great ideas are shelved with no clear path to the marketplace when grants run out or new projects are started, when they could improve people's lives. The Emerging Technology Fund is our solution to that problem," Gov. Perry said. "The ETF is super-charging the research environment in our state, harnessing our people's amazing ideas, and encouraging even greater efforts to inquire, innovate and invest."
Established by Gov. Perry and the Texas Legislature in 2005, the ETF is bringing the best scientists and researchers to Texas, attracting high-paying jobs, and helping start-up companies get off the ground faster. The ETF program has been renewed to fund awards through August 2011.
"In spite of these uncertain economic times, it is exciting to see more companies from the Houston region commercializing breakthrough technology, solving real human problems, creating good jobs and building the region's and the state's reputation as a 21st century technology hub," said Walter Ulrich, president and CEO, Houston Technology Center.
"We are extremely appreciative of this vote of confidence by the Governor and the State of Texas and look forward to commercializing a product that will have a positive impact on the health and well-being of the people of Texas," commented Dr. Robert Schucker, CEO of SeprOx.
About SeprOx Corporation
SeprOx Corporation, located in The Woodlands, TX, was established in 2008 as a wholly owned subsidiary of Trans Ionics Corporation (TIC) to scale up and commercialize groundbreaking technology capable of separating virtually pure oxygen from air using a proprietary membrane material under exclusive license from the Texas Center for Superconductivity's Energy Materials Program at the
About Houston Technology Center
Houston Technology Center (HTC), a business accelerator and the largest technology business incubator in Texas, accelerates the commercialization of emerging technology companies in the Greater Houston area. A 501(C)(3)non-profit organization, HTC assists Houston-based entrepreneurs within several key sectors: Energy, Information Technology, Life Sciences, Nanotechnology and NASA/Aerospace technologies, by providing in-depth business guidance, access to capital and service providers, and entrepreneurial education. For more information, visit www.houstontech.org.
|SOURCE SeprOx Corporation|
Copyright©2009 PR Newswire.
All rights reserved