5.0. EDSR 08-09-2004 - Laserfiche WebLink

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Printer version: Neal St. Anthony: Wave-power company ready to raise capital Page 2 of 2 An announcement is expected next week. • The three-year-old company, started by ex-Honeywell engineers,has developed thin-film cells that can be incorporated into any computer chip or manufacturing design, are manufactured to last the full life cycle of any product and can recharge up to 70,000 times using a inductive current, radio frequency or solar energy. According to a recent trade press article, Cymbet has successfully developed technology licensed from the Oak Ridge National Laboratory in Tennessee,patented a number of applications and is on the cusp of what could lead to early stage deals with medical-device companies, wireless communications firms, hearing aid manufacturers and others who desiresmaller,more powerful, long-lasting power sources. Open for business Veteran stockbroker and investment manager Phil Grodnick, after years with Smith Barney and Prudential Securities,has set up his own shop in the wake of Prudential's acquisition by Wachovia Securities. Grodnick, 67, and his son,Harrison, 28,have opened an office in the IDS Center and are doing business as Minneapolis Portfolio Management. They were managing just less than$200 million in client assets at Prudential/Wachovia. Grodnick is a value-oriented investor with an any-size style whose composite account,net of fees, is up significantly over the returns of the S&P 500 over the past year, five years and decade. • Neal St.Anthony can be reached at 612-673-7144 or nstanthony@startribune.com. Copyright 2004 Star Tribune.All rights reserved. • http://www.startribune.com/viewers/story.php?template=print_a&story=4872781 7/14/2004