CT Tech Council To Announce Fastest Growers
Hartford: The Connecticut Technology Council (CTC) and Marcum LLP announced the 2016 Marcum Tech Top 40, an annual recognition of the “fastest growing” technology companies in Connecticut. Companies in six industry sectors, including Advanced Manufacturing, Energy/Environmental, Life Sciences, New Media/Internet/Telecom, IT Services, and Software. Companies are both privately and publicly held, and according to CTC “at least $3 million in annual revenue and a demonstrated record of revenue growth in each of the preceding four years.”
This year, 12 companies are publicly traded and five have reached more than $1 billion in sales. Bruce Carlson, CTC’s President and CEO said, “Connecticut is proud of its remarkable heritage of innovation and entrepreneurship. Employment growth in Connecticut will come in part from the technology.” Achillion Pharmaceuticals, Inc., Alexion Pharmaceuticals Inc., Amphenol Corporation, Cara Therapeutics, Inc., Clarity Software Solutions, Inc., Continuity Software, Core Informatics, LLC, Discover Video, Sheffield Pharmaceuticals, LLC. , Square 9 Softworks, Inc. and Z-Medica, LLC are all local companies that made the initial cutoff. A complete list of companies is available online at www.ct.org.
Fairfield: To boost student software coding skills, the Connecticut Technology Council is running the second annual Skills Challenge.
And for Connecticut technology companies in need of skilled employees, the event is a chance to check out the best talent the state’s colleges and universities have to offer in terms of computer coders.
This past April, the first competition was completed and included contestants from 10 colleges and universities, including the University of New Haven, Quinnipiac University and Southern Connecticut State University.
New Haven: UberEats a division of the ride sharing service Uber is now providing service in New Haven. The service says that more that more than 40 restaurants in the city are participating Uber for their food to be delivered, including Soul de Cuba, Junzi Kitchen, Tarry Lodge, Chao Restaurant, and Pacifico.
In addition to free delivery on all orders for a limited time to celebrate the launch, New Haveners can also get $10 off their first order using the code CONNEATS
There is of course an app UberEATS which can be downloaded via mobile phone or at ubereats.com.
Ubereats will be compeering with existing restaurant delivery services. Grubhub.com, foodler.com, ezcater and seamless.com who all also serve the greater New Haven market with food delivery services from local restaurant.
Bridgeport’s security provider, A+ Technology & Security Solutions has moved it headquarters to Bridgeport. The company’s new “state-of-the-art” 7,000 square foot headquarters features an interactive showroom including LED lighting, integrated solutions representing security, audio visual and also IT technologies.
A+ Technology & Security Solutions Inc moved from Bay Shore, NY. This security provider has been up and running since 1988. A+ Technology & Security Solutions has a had longstanding connection to Bridgeport, which fueled their decision to move to the city. They earned the 2014 Security Innovations Award-Municipal Sector due to their work as Bridgeport’s security provider. These contributions include higher-education campuses, the city’s K-12 Districts and Pleasure Beach’s security monitoring and surveillance video and security technology.
By taking wasted heat produced by power plants and industrial sources, researchers at Yale’s Department of Chemical and Environmental Engineering, have established a new technology that can turn this heat into a powerful energy.
There are currently various technologies that are able to reuse high-temperature heat or convert it into electricity. However, the problem lies in successfully and efficiently extracting energy from heat waste that is low-temperature. This is the result of a difference in temperature between the plant’s heat discharge and the environment surrounding it. These conventional systems are also designed to targeting a certain difference in temperature— creating a less effective strategy when there are shifts in the waste heat output.
The key to this new technology is a “nanobubble membrane.” When submerged in water, it traps tiny air bubbles within the pores. When one side of the membrane is heated, this results in water evaporation, traveling across the air gap, and condensing on the other side of the membrane. With this temperature-driven current of water across this membrane, it is directed to a turbine, generating electricity.
Published in the Nature Energy journal online, the research team went on to test this concept. By building a small-scale system, the researchers demonstrated that even with the heat fluctuations and temperature differences as low as 20 degrees Celsius, these nanobubble membranes are able to produce pressurized flows of water and in turn, generate power. This makes it possible to use with the industrial source’s wasted heat.
By also using nanostructure membranes with a surface chemistry, helping to trap the air bubbles, this helped to keep the bubbles contained within pores, especially when large pressure was generated. These membranes are made from “highly hydrophobic (water-repelling) polymer nanofibers.”
The first author of this study, Anthony Straub said with the important factor of using only water, this technology can exceed others, given its low cost and “environmentally friendly” aspect.
These researchers are continuing the work on this technology in order to further develop the membranes ability to trap air bubbles and continuing their investigation of large-scale future systems and how these will perform.
CT Based Company Provides Mental Health Technology
Mindyra, a technology based company located in Darien, CT, recently announced a new online platform aimed at reducing the cost of mental health in the workplace.
This new platform is designed for family doctor assistance and helps to encourage them to better diagnose and treat patients with behavioral and mental health issues. Using either a mobile device or iPad, the system, patent pending, screens the user for dozens of mental health and learning disability conditions. This will then help primary care providers come up with a diagnosis and correct patient treatment plan. It provides ongoing tests for the clinicians and family members to help the patient track how well the treatment is working for them, as well as guidance and test results to guide the physicians in better understanding the patient’s condition and treatment regimens.
New Haven Parking Upgrades To Second Parking App
The city of New Haven has recently launched its second parking app for city residents. GoNewHaven, available on the iPhone App Store and Android Google Play, helps customers pay for parking quickly, extend a parking session at no charge and keep track of parking history.
The company that designed the app, Passport, is based on Delaware and focuses on transportation industry software.
This is the second app New Haven has introduced to residents, the first one being Parkmobile. However, the newest app GoNewHaven is specifically for the residents of the city, whereas Parkmobile works in multiple cities across the country. Residents can choose either app and are able to do their parking transactions virtually.
Businesses in the city can also set up their own Passport account, handing out coupons based on the amount of parking spaces they would like to provide. They retain the validation codes, that will either subside some or all of the parking costs.
NORWALK: E-touches, an event management software company, has purchased Zentila, a web-based venue sourcing and booking site for corporate event planners. Financial terms of the deal were not disclosed, but the move is to expand E-touches’ footprint in Orlando, Florida. Zentilla “boasts a strong convention-business industry.”
GE makes it clear plans to construct a new GE really don’t include Connecticut.
GE to Locate Large Tech Operations in Providence and Atlanta
When GE began looking at other locations the company reportedly looked at Atlanta and Providence as potential locations before choosing Boston for its new headquarters.
Now the company has announced that it will open “research” facilities in both cities. Georgia Governor Nathan Deal announced that GE will be placing its global Digital
Operations Center in the Atlanta. Deal said that the new facility would bring 250 jobs to the city.
Chris Drumgoole, vice president and chief technology officer for GE told WGCL-TV that “GE is excited to leverage the top talent in Atlanta and the inclusive business environment across the state to deliver innovation through IT services and operations across GE.” The newly created jobs are expected to include positions in system administration and engineering, full-stack operations and engineering and service desk professionals.
Citing the creativity of Brown University, G has apparently overlooked the much larger and diverse southern Connecticut Universities student bodies in choosing Providence for a new GE Digital Division. Rhode Island Democratic Governor said
“They’re going to start with 100 jobs and move to several hundred jobs in the years to come, all high-wage, high-skill, advanced economy jobs.”
GE Digital spokeswoman Amy Sarosiek said one of the chief reasons for the move is to tap into the talent at Brown University and the Rhode Island School of Design, adding “its really about talent.”
NEW HAVEN: Backed by $16 million of private investment and an $8 million investment by the state a tech center development in the old Connecticut Transit building at 470 James Street, took another step forward with a groundbreaking in early June. The site was heavily polluted by years as the bus hub which closed in 2010, the state failed at finding a developer in 2012 and has now remediated the site.
Tech Start-Up Runs Afoul of Grant Process From National Science Foundation
MASNFIELD: Founded by researchers from UConn, Aquatic Sensor Network Technology [AquaSeNT] is a “marine sensor and communication” technology company and was recognized as a Connecticut Technology Council “Tech Company to Watch” in 2010 and 2011.
The company and five of its employees [three UConn faculty] entered into a settlement in May with the U.S. Attorney’s Office for Connecticut and the National Science Foundation [NSF].
While the company had to pay $400,000 to the government as part of the civil settlement, officials denied the government’s allegations and did not admit guilt, nor did the government retract their claims that the company misused federal grant funds and misrepresented itself on applications for funding.
ROCKY HILL — Connecticut Innovations Inc. (CII), the state’s quasi-public technology-investment arm, has announced that Bio-Techne, a Minnesota company engaged in the development, manufacture and sale of biotechnology products and clinical calibrators and controls, had completed its acquisition of a CII portfolio company, Wallingford-based CyVek.
Terms of the deal included a reported $60 million in cash as well as other financial considerations.
Since 2010 CII has invested approximately $2 million in CyVek and expects a return of approximately three times that amount.
“The investment in CyVek helped generate a return for Connecticut Innovations and create jobs — two things that are core to our mission,” said David Wurzer, CII’s executive vice president and chief investment officer. “CyVek’s primary operations will remain in Connecticut, which will have a positive economic impact on the state, and the return from this acquisition will allow CII to invest in other innovative companies.”
“The acquisition of a young startup company by a reputed worldwide industry leader like Bio-Techne is exciting, impressive and a testament to the value of what we have created,” said Per Hellsund, president and CEO of CyVek.
CyVek was founded in 2010 by Hellsund and Kevin Didden, who engaged team members from CyVera, a successful startup company that was sold to Illumina in 2005. In 2014, CyVek was the recipient of the Connecticut Business Champions award for innovation as well as the Frost & Sullivan award for innovation.
Serial entrepreneur Didden, who served as board chairman at CyVek, sits on the board of directors of CiDRA, and is the former chairman of CyVera. He has worked with CII since 1997. Together Didden and CII have attracted more than $200 million of out-of-state equity funding to Connecticut.
“Our long-standing relationship with Connecticut Innovations has helped to grow nearly 300 high-tech jobs in Connecticut and has generated healthy returns for our companies and for the state,” said Didden. “This is the fourth business we’ve built and sold with the assistance of CII and I look forward to continuing our relationship and serving as a resource for other Connecticut entrepreneurs.”
STRATFORD — The U.S. Army and U.S. Navy have ordered 102 helicopters from Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp., according to the U.S. Department of Defense. The Defense Department awarded $772 million for 41 UH-60M helicopters and 23 HH-60M helicopters for the Army, and $535.3 million for eight MH-60S helicopters and 29 MH-60R helicopters for the Navy.
The work will be performed in Stratford, where Sikorsky is headquartered.
The contract awards are a continuation of an overall $8.4 billion contract, according to a statement from U.S. Sen. Richard Blumenthal's office.
The Navy had earlier planned to cancel the purchase of the 29 MH-60R helicopters next fiscal year, which elicited a protest from Blumenthal, a member of the Senate Armed Services Committee. He argued it would hurt military readiness and would have resulted in a $250 million contract termination charge to the government, according to a statement.