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2009 Annual Report: Bringing Energy to Economic Development
Bringing Energy to Economic Development is the theme of the 2009 Ben Franklin Annual Report. The report describes 2009 developments in Ben Franklin’s work in energy, TechVentures, the Incubator Network and client activities, as well as lists the year’s investments, among other news.
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OraSure Changes the Landscape of the Diagnostic Medical Testing Market
OraSure Technologies has changed the landscape in diagnostic medical testing. Its noninvasive oral test for HIV—the first approved by the FDA—has been lauded as a key tool in the fight against AIDS. The global AIDS epidemic is raging on, and OraSure’s testing technology has monumental implications for millions of people worldwide. The ease of use Continue Reading…
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BFTP Northeastern PA to Invest $487,787 in Regional Economic Development
The Ben Franklin Technology Partners of Northeastern Pennsylvania’s (BFTP/NEP) Board of Directors approved an investment of $487,787 in support of regional economic development. The investments are with four early-stage technology companies and six established manufacturers. BFTP/NEP’s goal is to help lead northeastern Pennsylvania to a better economic future by building partnerships that develop and apply Continue Reading…
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MegaPhase Is Valued Supplier to U.S. War Effort
MegaPhase equips the United States military with cables for systems that combat improvised explosive devices (IEDs) in Iraq and Afghanistan. MegaPhase’s cables are used in tens of thousands of these systems in vehicles in the U.S. Army. MegaPhase’s systems nullify enemies’ detonation devices that blow up roadside IEDs. Two-thirds of all deaths in the battles Continue Reading…
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TPC Partners Acquires Majority Interest in Tray-Pak
TPC Partners, LLC, an affiliate of Archbrook Capital Management, LLC, announced that it had acquired a majority interest in BFTP/NEP client Tray-Pak Corporation, a leading manufacturer of custom thermoformed plastic packaging products. Tray-Pak received the 2007 Manufacturing Achievement Innovation Award from BFTP/NEP. TPC Partners will work closely with Tray-Pak in Reading to position the company Continue Reading…
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Diversified Information Technologies Acquires Active Data Services
Diversified Information Technologies announced that it acquired Active Data Services of Raleigh-Durham, N.C. Scranton-based Diversified Information Technologies is a leading provider of document and information lifecycle solutions and serves the Fortune 1,000 in a variety of industries. “Through this strategic acquisition, Diversified is expanding its footprint in the health care industry, its market presence in Continue Reading…
Daily Archives:
January 29th, 2010
The Ben Franklin Technology Partners is an initiative of the Pennsylvania Department of Community and Economic Development and is funded by the Ben Franklin Technology Development Authority.