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October 16, 2006
Purdue Research Park companies make it to the finals for awardWEST LAFAYETTE, Ind. — Three companies at Purdue Research Park have qualified as finalists for the second annual Indiana University Entrepreneurial Awards of Distinction in the innovation category.
The companies are Icx Griffin Analytical, Imaginestics and Quadraspec Inc. Griffin also was named a finalist in the growth category. The winner will be announced Thursday (Oct. 19) at the Indiana Roof Ballroom in Indianapolis.
Griffin Analytical, a business unit of ICx Technologies, opened operations in West Lafayette in 2001. The company makes a family of chemical detection devices that allow users to obtain laboratory-quality results in the field.
Imaginestics created the first online shape search engine, 3D-Seek, which matches input shapes with hundreds of thousands of parts made available by participating suppliers. Users receive accurate matches in seconds.
Quadraspec builds technology platforms that perform advanced blood screenings that can be used for disease detection. Their product, the Bio-CD, makes cost-effective ways to monitor health as well as disease markers.
The competition, sponsored by IU's Johnson Center for Entrepreneurship and Innovation at the Kelley School of Business, honors outstanding emerging and established entrepreneurial companies in Indiana.
To be eligible for the award, the company can be a private or public corporation located in Indiana, and must be founded prior to fiscal year 2003 with revenues of more than $1 million. The Indiana Entrepreneurial Innovation Award goes to the company that pioneers new systems, brings new products to the market, and/or creates and develops “best practices” for the industry.
Purdue Research Park was named the top research park in the country in 2004 by its peers, the 130 members of the Association of University Research Parks. Within the park, 140 businesses, of which 90 are high-tech, employ more than 2,500 people.
About ICx Technologies ICx develops and manufactures advanced technologies for homeland and military security. Its sensors detect and identify chemical, biological, radiological and explosive materials. The company's surveillance products discern people and objects invisible to human senses and conventional cameras. Its software and systems connect, command and control security devices. ICx has manufacturing and research facilities in the United States, Canada and Europe. About Imaginestics Imaginestics provides an innovative search solution, 3D-Seek, in finding manufactured parts or custom service suppliers globally. Imaginestics also develops decision support solutions such as i-config, 3D-config, i-advisor and i-compare, which offers search users a comprehensive search experience.
About Quadraspec Founded in 2004 by the principal inventors and IN-Vivo Ventures (a management and investment company that greatly accelerates the commercialization of promising research), Quadraspec Inc.'s mission is to build technology platforms that enable reimbursable, multimarker diagnostic panels for cancer and other life-threatening diseases. Quadraspec's technology is largely based on the pioneering research of David Nolte and Fred Regnier, Purdue University faculty who were able to identify a way to efficiently measure many different protein interactions. Quadraspec has developed a BioCD for diagnosing heartworm in dogs, but the technology promises to enable a user to run up to 65,000 assays on a single chip. In one hour, 260 samples can be analyzed for up to 256 biomarkers each. Such scale and throughput has never before been available and never at such disruptive price points.
CONTACT: Dennis Barket, Jr., Icx Griffin Analytical Technologies, (765) 775-1701, barket@griffinanalytical.com Juneyeta Gates, Imaginestics, (765) 464-1700, ext. 114, juneyeta.gates@imaginestics.com Chad Barden, Quadraspec,(765) 775-1026 Ext. 104, cbarden@quadraspec.com
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