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• Acu-- <br /> ELK RIVER <br /> INCUBATOR STATUS REPORT <br /> 14 October 2002 <br /> To: Ms. Catherine Mehelich, <br /> Executive Director, <br /> Elk River EDA <br /> From: Harlan Jacobs <br /> Genesis Business Centers, Ltd. <br /> Date: 14 October 2002 <br /> Re: Incubator Status Report <br /> Dear Catherine: <br /> This report is divided into three sections: <br /> Prospects, Graduates, and Tenants <br /> • Prospects: <br /> Acsion Industries, Inc. <br /> Acsion Industries (Acsion) is a Manibota Canada based company that was a <br /> spinout of the Canadian Federal Government's atomic energy program. The <br /> company utilizes certain wavelengths of energy to sterilize medical devices <br /> and the like. <br /> It is exploring the establishment of a base of operations in the twin cities in <br /> order to provide service bureau facilities for the medical device companies <br /> here in the metropolitan area. (Its technology is different than the <br /> conventional approaches to sterilization such as ethelyne oxide that is <br /> performed by Quality Sterilization of Coon Rapids.) <br /> Acsion also has metal parts treatment technologies for aircraft maintenance. <br /> The company's website is: www.acsion.com <br /> Genesis may be providing the Acsion with assistance in respect of accessing <br /> • the capital markets and strategic investor/joint venture transactions. <br />