7.0. EDSR 09-13-2004 - Laserfiche WebLink

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c. Incubator Prospects Report Prepared for the Elk River EDA Meeting • 13 September 2004 Swedish Technology and Software Connection Join Local Opportunities for Potential Job Creation in Elk River There are four prospects for the Elk River Incubator Program that are worthy of mention at this time;they will be described in reasonable detail in this report. The general theme of software seems to best summarize the nature of the cluster that is developing in the Elk River Incubator Program and the momentum that it is developing that makes the Elk River Incubator Program attractive to other software oriented companies. Of the four prospects described below, two are squarely in the realm of advanced software development. While the other two have software related technologies that are deployed in conjunction with sensors. In addition to this written report, there is a short video presentation to be made in respect of Mr. Anders Lindberg, a Swedish entrepreneur who is involved in the realm of food traceability systems. And there will also be a brief presentation in person by Mr. Jerry Pettersson, a second Swedish entrepreneur who is considering the establishment of an operation in the U.S. to deploy his novel technology for inexpensive RFID tags (Radio 4111 Frequency Identification). The prospects listed alphabetically include: Intellignostics: Intellignostics' disposable sensor technology is being developed for use in human and veterinary medical markets. The Company is developing a new generation of in-vitro diagnostic tests through the use of its proprietary RFPST"' (radio frequency phase shift) detection method. The Company's patented technology, which has been conclusively demonstrated at a laboratory level, allows for a disposable electronic sensor used with an instrument that can be configured and manufactured for hand-held point-of- sampling (POS) use or for large-scale laboratory batch processing of samples. The advantages of RFPSTM detection using the IntelliProbe ImmunosensorTm (IPITM) over current technology are summarized below: • No reagents are needed to perform a test • Real-time sensor detection of its target in seconds • Ease of use—take sample; expose sensor to sample; read results • Minimal training needed to use • Digital data instantly available for storage&/or transmission via modem • This company is been under review by Genesis Business Centers for about five years now; The timing is good for the company to enter a formal incubation program and • seems well suited for an Elk River location.