Companies showcase among world's best technologies
02/04/05
Two South Dakota cutting-edge technologies supported by the Enterprise Institute have been selected for the World's Best Technologies 2005, an elite national event slated for March 28-30 in Arlington , TX . Dairilean, creator of MOOM, Made out of Milk, Tastes Like SodaŽ and PhotoBioMed, a medical technology company perfecting a sutureless, adhesive surgical procedure, were chosen among hundreds of applicants vying to display their potential for growth in the world of commerce.
"We are excited to have two of our innovative projects selected for this prestigious show of 76 of the world's newest and most promising technologies," said Enterprise Institute Director Marcia Hendrickson who will again, as a member of an experienced, sponsoring organization, serve as a mentor for one of the top 25 companies slated to make presentations to potential investors. Both South Dakota projects were also chosen to make presentations describing their technology and its marketing opportunity to potential investors.
Bruce Schroder, President and CEO of the Sioux Falls company EspreeŽ, led the development and patenting of a process to take the calcium, minerals and vitamins out of milk and put them in a carbonated beverage that appeals to kids. A medical school study reveals that the calcium in MOOM is 25% more absorbable than calcium found in milk or fortified orange juice. MOOM comes in orange, lemon-lime or cola flavors. The product's appeal to youngsters still developing their bone structures provides a great impact on the 70% of Americans who consume soft drink beverages.
PhotoBioMed Corporation researchers Drs. Kai Kloster and Ron Utecht develop innovative products based on a platform tissue bonding technology. The medical technology firm uses chemistry to bond tissue to tissue, tissue to graft material or a drug to a tissue location in a process to eliminate the need for an invasive way to make surgical repairs. The technology offers great advances to effectively and quickly close wounds in a way that reduces pain and promotes healing. While initial efforts target corneal ophthalmic repair, future applications will include procedures like vascular patching, reconstructive surgery and combat wound repair.
"We would like to congratulate these two companies on being selected for this prestigious event," said Jim Hagen, secretary, Department of Tourism and State Development.
"Promoting new technology is an integral part of the state's 2010 Initiative, and it is wonderful to see South Dakota companies taking a lead in this area," he concluded.
The South Dakota technologies join exhibitors from 30 other states, the District of Columbia , Canada and China in showcasing their technology-based companies and products before the investment community and ultimately the commercial marketplace.
For more information on the companies, their technologies or the Enterprise Institute, visit the Enterprise Institute website at www.sdei.org or call 605/697-5015.