Navigation Links
Quantum Signal and Delphinus Medical Technologies Awarded MEGA Funding to Expand in Ann Arbor Area

ANN ARBOR, Mich., July 20 /PRNewswire/ -- Two southeast Michigan companies received high-tech, five-year MEGA tax credits today to help them expand in the region.  Delphinus Medical Technologies and Quantum Signal were approved today for MEGA tax credits from the Michigan Economic Development Corporation and the State of Michigan.

"The Ann Arbor region continues to be a magnet for growing, high tech companies," said Ann Arbor SPARK CEO Michael A. Finney.  "Ann Arbor offers a truly unique combination of resources that make the region a fertile place to plant a business.  From a concentration of knowledge workers who desire the quality of life offered here to the business accelerator support offered through Ann Arbor SPARK, companies that locate here are afforded access to key drivers of success."

At its new facility in the Michigan Life Science and Innovation Center, Delphinus Medical Technologies will provide manufacturing, sales and service of its proprietary SoftVue system to hospitals and imaging clinics worldwide.  Delphinus Medical Technologies is a spin out of the Karmanos Cancer Institute and is currently in the process of closing Series A funding for commercializing the breast ultrasound tomography technology.  The company plans to have its first scanner sale by the end of 2011.

Delphinus Medical Technologies is projecting to secure over $6.4 million in investments at its facility in southeast Michigan and is projecting the creation of 109 jobs.  Based on the MEDC's recommendation, the MEGA board today approved a state tax credit for Delphinus Medical Technologies valued at $779,118 to encourage the company to expand in Michigan over competing sites in Boston and Chicago.

Quantum Signal is a spin out from the University of Michigan.  The company delivers advanced engineering research and development, including software modules, subsystems, and complete products that use mathematics to mine useful information from noisy or non-ideal datasets, including live video.  Quantum Signal also develops video games (under its "Reactor Zero" group) for the entertainment industry and "serious simulation" technology used primarily by the government.  

The demand for Quantum Signal's image processing, video game, and simulation products has grown tremendously, and the company is expanding to accommodate the demand.  The company is committing to invest $1.29 million over the next five years to support its expansion, ultimately creating 47 high tech jobs in the region. Quantum Signal is planning a headquarter move to Saline, Michigan as part of its expansion. Based on the MEDC's recommendation, the MEGA board today approved a state tax credit for Quantum Signals valued at $206,083 over five years to help convince the company to expand in Michigan over a competing site in Washington D.C. area.  


Ann Arbor SPARK, a non-profit organization, is the driving force in establishing the Ann Arbor region as a destination for business expansion, retention, and location by identifying and meeting the needs of business at every stage, from startups to large organizations. Ann Arbor SPARK represents all communities in the Washtenaw County. Ann Arbor SPARK collaborates with business, academic, government, and community investor partners including the University of Michigan, Eastern Michigan University, Washtenaw Community College, Michigan Works!/ETCS, Washtenaw County, the City of Ann Arbor, the Bank of Ann Arbor and the Michigan Economic Development Corporation. For more information, please call (734) 761-9317 or visit


Located in Plymouth, Michigan, MLSIC is part of the SPARK Regional Incubator Network. The goal of the Network is to assist early-stage companies as they work to establish and expand their enterprises within Southeast Michigan. MLSIC is a 57,000+ square foot life science incubator complete with state-of-the-art labs, well-appointed offices and conference rooms, a loading dock, ample parking, and every possible business amenity. Funding for MLSIC is made possible by a broad-based coalition. Partners in the venture include the Michigan Economic Development Corporation; Wayne County; a private foundation; Ann Arbor SPARK; the New Economy Initiative; and Plymouth Township.

Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Binder Biomedical, Inc. Announces the Release of the X-GRAFT(TM) Interspinous Device, as Part of Their QUANTUM(TM) Line of Spinal Allograft Devices, Manufactured at the University of Miami Tissue Bank
2. Quantum Immunologics, Inc. and the South Alabama Medical Science Foundation Announce an Early Clinical Evaluation of a Novel Immuno-therapeutic Vaccine for Treating Advanced Human Breast Carcinomas
3. Debiopharm and EPFL Sign Research Project Agreement to Identify Inhibitors of Signalling Pathways Controlling Cell Fate for Cancer Treatment
4. SF1126, Semafores PI3 Kinase Inhibitor, Found to Block Angiogenic Signaling From Both VEGF and Bv8 in Multiple Cell Lines
5. Nature Publication Reports on Key Role of Bile Acids in Glucose Metabolism and Insulin Signaling
6. Device Blocking Stomach Nerve Signals Shows Promise in Obesity
7. Grocery Manufacturers Association: Study Signals Progress in Battle Against Obesity
8. TARGETED GENE DELIVERY SIGNALS CANCER VACCINATION IN VIVO: Intravenous Infusions of Rexin-G Followed by Reximmune-C Induce Tumor Necrosis and Recruitment of Tumor Infiltrating Lymphocytes in Cancerous Lesions (ASCO 2008)
9. St. Jude Finds Signaling System That Halts the Growth of a Childhood Brain Cancer
10. AGI Dermatics Clinical Data Indicate Bicyclic Monoterpene Diols Suppress MMP1 and Stimulate Collagen Through TNF-a Signaling
11. Signalife Completes Testing of Modules for Holter and Intra-Cardiac Monitor
Post Your Comments:
(Date:11/26/2015)... , November 26, 2015 ... A new combination approach blends immunotherapy with Bremachlorin-photodynamic therapy ... new combination approach blends immunotherapy with Bremachlorin-photodynamic therapy for ... new combination approach blends immunotherapy with Bremachlorin-photodynamic therapy for ... has found that immunotherapy can be efficiently ...
(Date:11/26/2015)... STOCKHOLM , November 26, 2015 ... the potential to use SyMRI to find optimal contrast weighting ... brain tumor metastases, and has signed a research agreement with ... at the hospital. Using SyMRI, it is possible to generate ... parameter settings after the patient has left, thus making it ...
(Date:11/26/2015)... , November 26, 2015 3D bioprinting ... 2022, according to a new report by Grand View Research ... Disease (CKD) which demands kidney transplantation is expected to boost ... effective substitute for organ transplantation. --> 3D bioprinting ... 2022, according to a new report by Grand View Research ...
Breaking Medicine Technology:
(Date:11/27/2015)... ... ... ProSidebar: Fashion is a set of 30 kinetic edge graphics ... editors can easily add an informative sidebar to any FCPX production. Create lists, ... self-animating drop zones, lines, bars, and text with the ease of FCPX's drag and ...
(Date:11/27/2015)... ... 2015 , ... The moment you stop improving is the ... the needs of advisers and clients but going above and beyond to find ... service. However, there's always room for improvement, which is why the entire Consulting ...
(Date:11/27/2015)... ... , ... Avid collector, Andrew Hawley from Vintage Rock Posters, announces his search ... one of Joplin's most famous and beautiful concert posters. The concert was held on ... Arbor. The According to Hawley, "It is hard to believe that Joplin's stardom was ...
(Date:11/26/2015)... ... November 26, 2015 , ... Somu Sivaramakrishnan announced ... franchise owner, Somu now offers travelers, value and care based Travel Services, including ... sales, as well as, cabin upgrades and special amenities such as, shore excursions, ...
(Date:11/26/2015)... ... November 26, 2015 , ... Pixel Film Studios brings Final ... ProTrailer: Vintage. This newly styled ProTrailer pack comes with 30 all-new vintage-inspired designs, ... giving users limitless opportunities to stylize and create designs quickly and easily, all ...
Breaking Medicine News(10 mins):