7.0. EDSR 09-13-2004 - Laserfiche WebLink

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*Joint Venture of CPUm (Uppsala, Sweden) and Electronic Materials, LLC • Mr. Jerry Pettersson of Uppsala, Sweden, has been working with Genesis Business Centers, Ltd. , for about six months now on several technology development projects. The technology of CPUm is capable of providing low cost (defined as a unit cost of less than one cent) RFID tags (Radio Frequency Identification tags). Mr. Pettersson was introduced to a Minnesota company (Electronic Materials LLC (EMC) of Columbia Heights-a Genesis incubator company there). CPUm will form a join venture with EMC to deploy its RFID technology with the mass production techniques that have been patented by EMC. The joint venture company could easily be established in the Elk River Business Incubator facility during its development stage. *North American operations of Anders Lindberg's Food Traceability Technology Mr. Lindberg is a member of the European Union (EU) commission on food safety that has responsibility for traceability of food (produce, livestock, meat and grain). He is the inventor of the patented technology that has been utilized by ScandTrace AB, a Swedish company headquartered in Mora, Sweden. His goal is to deploy the technology on a global basis initially in North America and to do so with certain improvements (possibly in conjunction with the very same technology to be developed by CPUm and EMC for inexpensive RFID tags)to augment/replace the bar codes presently used in Sweden. s Non Incubator Prospects for the City of Elk River: Mr. Ron Anderson of GrainValue LLC has received a government grant to improve the processing of grain for ethanol. He needs access to steam and about 4,000 square feet of industrial space with heavy load capacity. While he cannot consider the incubator site, Genesis is pleased to have made an introduction to the utility plant operators in Elk River. The specifications have just recently been provided to Mr. Gary Connett at the utility plant; we look forward to learning from him in respect of the possibility of GrainValue LLC taking space in one of their buildings where steam can be purchased from the utility. General Visibility for the City of Elk River: Genesis proposed a panel for the World Technopolis Association at its recent global conference held in Uppsala, Sweden on 1-3 September2004. In the proposed panel, a representative from Elk River's EDA was invited to speak about its incubator and seed capital programs. Due to budget constraints, no travel subvention was available from the conference organizers and that made it difficult for the EDA to send a representative. It is anticipated that additional speaking opportunities will be available in the next year or two for an EDA representative to serve on one or more panels both here in the U.S. and overseas. •