Ben Franklin to Invest $428,500 in PA Companies.LEHIGH VALLEY The Lehigh Valley or the Allentown-Bethlehem-Easton, PA-NJ metropolitan area is a metropolitan region in eastern Pennsylvania and western New Jersey, in the United States. It is the third-most populated metropolitan region in Pennsylvania, after Philadelphia and Pittsburgh. , Pa. -- The Ben Franklin Technology Partners of Northeastern Pennsylvania This mountainous area of Pennsylvania includes the Pocono Mountains, the Endless Mountains and former anthracite coal mining cities and towns, including Carbondale, Scranton, Pittston, Wilkes-Barre, Nanticoke and Hazleton. U.S. Presidents Harry Truman and George W. (BFTP/NEP) board approved investments of $428,500 in four Pennsylvania companies. BFTP/NEP is a state-funded economic development organization that links early-stage companies and established manufacturers with experts, universities, funding, and other resources to help them prosper through innovation. BFTP/NEP will invest in the following early-stage companies: In Silico Scientifics, Inc., Bethlehem Investment: $150,000 Advance ISS's drug discovery research in the area of type 2 diabetes type 2 diabetes n. See diabetes mellitus. , obesity, and metabolic syndrome metabolic syndrome n. See syndrome X. Metabolic syndrome A group of risk factors for heart disease, diabetes, and stroke. . Proprietary research techniques are being employed to identify novel targets in this disease area. The initial focus is on utilizing these targets to screen for new molecules with the goal of bringing more effective and safe drugs to the marketplace. Johnson-McCormick Technologies, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Bethlehem Investment: $100,000 Complete beta testing (programming) beta testing - Testing a pre-release (potentially unreliable) version of a piece of software by making it available to selected users. This term derives from early 1960s terminology for product cycle checkpoints, first used at IBM but later standard throughout the and begin commercialization of proprietary "rVibe" software for the online music industry. Johnson-McCormick's patent-pending software system makes recorded music recorded music n → música grabada , licensed from the major record labels and individual musicians, available for a legal, user- and advertiser-paid download via an Internet-enabled peer-to-peer network (1) A network of computers configured to allow certain files and folders to be shared with everyone or with selected users. Peer-to-peer networks are quite common in small offices that do not use a dedicated file server. . This enables users to buy and sell on-line with each other legally through social networking, and be rewarded for their use and loyalty. This investment will allow the company to complete client and server upgrades and dramatically increase available song titles, thereby expanding membership and downloads. Solid Cactus, Inc., Wilkes-Barre Investment: $150,000 Solid Cactus is developing and commercializing proprietary software for an e-commerce application directed to Yahoo! Stores. Solid Cactus is a selected partner of Yahoo! Stores. With this investment, Solid Cactus will continue development of "Feed Perfect" software, which allows e-commerce stores to operate more profitably through analysis of product inquiries and sales profitability. Ben Franklin announces the following investment in an established manufacturer: Penn Summit Tubular, LLC, West Hazleton Investment: $28,500 Penn Summit Tubular produces tubular steel poles used for electric power and telecommunications transmission and in the transportation and lighting markets. This investment will allow Lehigh University's Enterprise Systems Center to partner with the company to analyze and establish new labor standards reflective of new plant equipment and facility upgrades. These standards will be utilized for productivity enhancement and incentive programs for all employees. |
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