PlasmaSol, Stevens spin-out, acquired for $17.5 million

PlasmaSol Corporation, a Technogenesis spin-out company founded at Stevens Institute of Technology, has been acquired by Stryker Corporation in a merger that was concluded December 30, 2005. The cost of the transaction totals approximately $17.5 million, including an up-front cash payment, plus the assumption of certain liabilities by Stryker.

PlasmaSol has developed a technology that will allow Stryker to provide sterilization equipment for use in sterilizing certain of its MedSurg Equipment products.

"PlasmaSol is a Technogenesis success story, written at Stevens Institute of Technology," said Stevens' President Harold J. Ravech. "In 1999, a group of Stevens' faculty members and a team of grad students joined together and founded a company to commercialize a patented environmental technology invented at the Institute. Six years later, this company is recognized as a valuable technology asset by a major American corporation. Technology development from laboratory innovation to marketplace implementation that's what we call Technogenesis."

The basic technology at the core of PlasmaSol Corporation is an invention by Stevens scientists, known as Capillary Discharge Non-Thermal Plasma.

The work to propagate large-volume cold plasmas began in earnest at Stevens in 1996. That year, Dr. Erich Kunhardt of the Department of Physics and Engineering Physics, now Dean of Sciences and Arts, received a development grant from the Air Force Office of Scientific Research. With his Stevens colleague Dr. Kurt Becker, Kunhardt went for a much sought-after goal: engineering dynamic plasma reactions in a non-vacuum environment. Their success translating particle theory to measurable results in the lab opened a whole new range of applications.

In 1999, three graduate students from Stevens co-founded PlasmaSol to commercialize the non-thermal plasma technology: Kurt Kovach, Seth A. Tropper, and Richard Crowe, with the later addition to the core team of Mic

Contact: Patrick A. Berzinski
Stevens Institute of Technology

Page: 1 2

Related medicine news :

1. Stevens Roundtable: Health, Technology & Society, July 11
2. Dr. Msiska, UN leader in the worldwide fight to stem the spread of HIV/AIDS, to speak at Stevens
3. Grasso, Stevens alumni deploy next generation information systems platform
4. Stevens in agreement with Competitive Technologies to commercialize Stevens IP worldwide
5. Stevens Institute of Technology Roundtable
6. New contracts support clinical trials on antibiotic-resistant, community-acquired staph infections
7. Soldiers acquired drug-resistant infections in field hospitals
8. Hospital-acquired infections -- Inevitable?
9. Study indicates dramatic rise in antibiotic-resistant community-acquired staph infections
10. Scientists uncover genes for virulence in strain of community-acquired MRSA
11. Heart burn medication a risk factor for community-acquired C. difficile

Post Your Comments:

(Date:3/27/2020)... Calif. (PRWEB) , ... March 27, 2020 , ... ... focused on addressing unmet needs in the field of urology, today announced that ... as a UroLift® Center of Excellence. The designation recognizes that Dr. Wadhwa has ...
(Date:3/22/2020)... (PRWEB) , ... March 21, 2020 , ... ... communication, announces easy-to-implement solutions that hospitals, medical organizations, and health centers can use ... adapts to the coronavirus pandemic, many medical professionals are working around the clock ...
(Date:3/20/2020)... ... March 20, 2020 , ... CommunityMed Urgent Care ... clinics. The virtual waiting room lets patients present online, complete registration paperwork (including ... queue, wait for their turn, and get signaled that their clean exam room is ...
(Date:3/19/2020)... ... March 19, 2020 , ... For weeks, SignatureCare Emergency ... cases. , Earlier this week, it announced that while we are still short of ... virus will not wait for our preparedness measures to be complete. , The Houston, ...
(Date:3/19/2020)... ... March 19, 2020 , ... “We wanted to solve ... said Dr. Viral Patel, Founder of Radish Health. “A reliable at home testing kit ... peace of mind they need in the comfort of their own home, while maintaining ...
Breaking Medicine News(10 mins):
(Date:3/28/2020)... ... 28, 2020 , ... TriageLogic, a leader in remote patient communication and nurse ... virtual call center that hospitals, medical organizations, and health centers can use for patient ... they are looking for a system that can be quickly deployed for staff and ...
(Date:3/27/2020)... ... March 27, 2020 , ... Why a Podcast for ... the podcast format was because she’d be able to explain more about what her ... are curious, and want to learn more about the process of claim follow-up, conversing ...
(Date:3/27/2020)... ... March 27, 2020 , ... Shady Grove Fertility (SGF) ... to board certified fertility specialists through virtual physician consults , thereby minimizing interruptions ... of SGF over its 29 year history has always been to improve access to ...
Breaking Medicine Technology:
Cached News: