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Technology Update
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Business New Haven
11/2/1998
By: BNH
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Technology Companies Confident
ROCKY HILL - The second annual Connecticut Technology Business Climate Survey recorded an overall confidence level of 87.5 (maximum score: 100) among 400 technology companies polled. More than 40 percent of respondents said they expect their revenues to grow by 11 to 30 percent in 1998; more than half plan to increase their workforce over the next year; and 45 percent said they believed the business climate will continue to improve. Though 78 percent of the companies reported they are satisfied with Connecticut as a place to do business, some 40 percent cited high taxes as a disadvantage, and 42 percent said that regulations here are more burdensome than in other states.
ATMI Reaches Patent Milestone
DANBURY - Adding to its substantial inventory of intellectual property, ATMI, which provides products for semiconductor device manufacture, announced that it has received its 100th U.S. patent - twice the number of patents the company held only three years ago. Glenn Tom, a company founder, was inventor for the company's most recent and its first patent, awarded in 1988. ATMI reports that 90 percent of its revenues now derive from its intellectual-property holdings and that its patent-per-employee ratio has climbed to 0.22 - more than three times higher than IBM's.
Precision Combustion Wins SBA's Tibbetts Award
NEW HAVEN - A leading developer of catalytic combustion technologies, Precision Combustion Inc., was selected as a winner in the third annual Tibbetts Awards presented by the U.S. Small Business Administration (SBA). PCI was recognized for its contributions as a “model of excellence” for the SBA's Small Business Innovation Research Program (SBIR), which funds early-stage technology development by small firms. Funding from SBIR helped PCI to develop new products from its core catalytic combustion technology, including catalytic combustors for Westinghouse's ground power gas turbines, and to expand its workforce from two to 34 employees.
Shelton Software Company Tops Fast 50
At a reception on October 14 at the Inn at Long Shore in Westport, the Connecticut Technology Council and Deloitte & Touche presented awards to the 50 fastest-growing technology companies in Connecticut. The winners, half of them computer software companies, grew an average of 841 percent from 1993 to 1997, generated $1.4 billion in revenues, and created 2,200 new jobs (nearly four times the job-growth rate for Connecticut companies as a whole). The top 10 winners are listed below.
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