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October 13, 2009

Greenville firm wins Purdue TAP services through Indiana Companies to Watch initiative

WEST LAFAYETTE, Ind. -
Mark Deuser
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Indiana technology development firm Techshot Inc. has won 80 hours of business services valued at $10,000 from Purdue University's Technical Assistance Program in conjunction with the Indiana Companies to Watch initiative.

Led by Mark Deuser, Greenville, Ind.-based Techshot was selected from a random drawing of the top 50 companies at the Indiana Companies to Watch recognition dinner, which took place Aug. 27 at the Indiana Roof Ballroom in Indianapolis.

"In the 20-year history of Techshot, we have expanded our customer base beyond government contracting," said Deuser, company president and chief executive officer. "We welcome this partnership with Purdue's Technical Assistance Program to help grow our business in the commercial and institutional sector."

Since its launch in 1988, Techshot has developed custom solutions on more than 200 projects -- from military and other government agencies and universities to large companies and startups based in basements and business incubators, Deuser (pronounced Doo-ser) said.

Techshot's clients include the U.S. Department of Defense, National Institutes of Health, National Science Foundation, National Oceanic and Atmospheric Administration, NASA and the Defense Advanced Research Projects Agency. Procter & Gamble and The Coca-Cola Co. are among its list of commercial customers.

"This Purdue program, offered in conjunction with the Indiana Companies to Watch initiative, provides Purdue another vehicle for TAP to advance its mission to support growing Indiana companies and foster economic development," said TAP director David McKinnis.

TAP supports performance improvements at Indiana companies and organizations through various programs and services that utilize faculty, students and staff in 11 statewide offices.

Anderson, Ind.-based Xtreme Alternative Defense Systems Ltd., a manufacturer of non-lethal defense technologies for use in combat and law enforcement, won the drawing at the inaugural Indiana Companies to Watch event in 2008.

This year's Indiana Companies to Watch class represents 17 Indiana counties and a variety of industries ranging from food manufacturers to software developers and medical device makers to financial services firms.

The 50 awardees, which were selected from a pool of more than 500 nominees, employ from six to 150 full-time equivalent workers each and generate revenue or working capital of $750,000 to $100 million annually. The 50 companies project combined revenues exceeding $671 million, creating more than 560 new jobs this year. Revenue projections are up $200 million from 2008.

A panel of judges convened by event organizers Purdue, the Indiana Economic Development Corp. and its Small Business Development Center Network, and the Edward Lowe Foundation selected the companies.

With major sponsorship from Barnes & Thornburg LLP, Indiana Companies to Watch is an initiative developed by the Cassopolis, Mich.-based Edward Lowe Foundation. The foundation hosts similar programs in Michigan, Arizona, Mississippi and Colorado. Indiana Companies to Watch also is sponsored in part by KeyBank, Premier Capital Corp., and Katz Sapper & Miller.

Writer: Phillip Fiorini, 765-496-3133, pfiorini@purdue.edu

Sources: David McKinnis, 765-494-9189, mckinnis@purdue.edu

Mark Deuser, 812-923-9591, mdeuser@techshot.com

Purdue News Service: (765) 494-2096; purduenews@purdue.edu

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