We’re wrapping another week of flipping hot tech news from Pittsburgh. A bunch more releases hit our desks and we’re tossing them right out there for your knowledge acquisition. Let the fun begin!
BLUE BELT TECHNOLOGIES CLOSES SERIES A FINANCING
Blue Belt Technologies, Inc., a Pittsburgh-based medical device company developing the next generation of “smart” surgical instruments for use in orthopaedic and neurosurgery procedures, has closed on a $2.4 Million private equity Series A round of financing. The round was led by private investors and included the Pittsburgh Life Sciences Greenhouse and Innovation Works (Pittsburgh) and consisted of both new investments and the conversion of existing convertible notes.
This investment will be used to finalize development and prepare for FDA submission of our core product, the Precision Freehand Sculptor, and will provide the resources necessary to prepare for full market release of our Orthopaedic and Neurosurgical products, according to Craig S. Markovitz, Blue Belt Technologies, Inc. Chief Executive Officer.
MADGETECH INC. INTRODUCES THE QUADTEMP2000
MadgeTech, Inc., a provider of reliable, low-cost data logging solutions, just released the QuadTemp2000, a four channel thermocouple logger equipped with an LCD.
The QuadTemp2000 has a reading rate of up to 4Hz and can store up to 500,000 readings per channel. To maximize memory capacity users can enable or disable channels. For easy identification, each channel can be named with up to a ten digit title.
The convenient LCD is an ideal tool to ensure process parameters are met, in real time. Each channel is identified by its title, and the current reading, minimum, maximum and average statistics can all be obtained through the display. The statistics can be reset for different cycle processes where tolerance values may vary.
VISTEON JOINS VELOZZI TO PRODUCE ALTERNATIVE ENERGY VEHICLES
Visteon Corporation is the newest addition to the growing list of automotive suppliers coming onboard in collaboration with Velozzi as the automotive industry races to bring a new generation of alternative energy vehicles (AEVs) to market. With this announcement, Visteon joins a growing number of organizations – including Bayer MaterialScience – that are supporting Velozzi’s groundbreaking AEV project.
Visteon and Bayer MaterialScience have successfully collaborated on other material innovations for the automotive industry. In this initiative, Visteon will provide design and engineering expertise for the interiors of the Velozzi Solo Crossover and Supercar Sports Car, both competing in the Automotive X Prize. Visteon will leverage its global reach, understanding of consumer preferences and design expertise using the latest technologies to engineer the interiors of the Velozzi vehicles for a winning combination of comfort and style.
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