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Quantum Signal and Delphinus Medical Technologies Awarded MEGA Funding to Expand in Ann Arbor Area
Date:7/20/2010

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 cred
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SOURCE Ann Arbor SPARK
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