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AREA COMPANIES RECEIVE $671,000 IN TECHNOLOGY INVESTMENTS

 PHILADELPHIA, Jan. 13 /PRNewswire/ -- Ben Franklin Technology Center of Southeastern Pennsylvania has announced it has awarded a total of $671,000 in investments to 14 area companies.
 The Technology Center locally administers the Ben Franklin Partnership Program, an initiative funded by the Commonwealth of Pennsylvania to stimulate the economy through technology.
 The businesses and investments are:
 Montgomery County
 -- American Communications and Consulting, 501 Office Center Drive, Fort Washington -- $75,000 to continue the development of its personal computer based systems and software that helps improve the efficiency of small automated telemarketing call centers.
 -- Analytical Graphics, Inc., 660 American Ave., King of Prussia -- $50,000 to develop 3-dimensional computer visualization capabilities for the scientists, engineers and educators who track and control satellites in earth orbit.
 -- Biocoat, Inc., 455 Pennsylvania Ave., Fort Washington -- $50,000 to develop and commercialize its coating that improves the performance and longevity of medical devices such as heart valves, catheters and vascular guide wires.
 -- CHI Software, Inc., Gwynned Plaza 3, Spring House -- $58,500 to continue development of its computer software for the pharmaceutical and chemical industries which enables pharmaceutical, organic and biochemists to draw chemical diagrams on the computer, use these diagrams in presentations and share work with others.
 -- Mixed Media Works, 6 Sentry Parkway, Blue Bell -- $25,000 to apply the computer's ability to mix both text and full motion (now called multimedia) to meet the benefits administration needs of companies. Their product will automate routine inquiries while increasing employee awareness and understanding of benefits related material.
 -- Octistar, Inc., 1777 Sentry Parkway West, Blue Bell -- $25,000 to bring to market the OCTISTAR 3000, an information software system to track environmental health and safety-hazardous substances.
 Philadelphia
 -- The Cardinal Instrument Co., 3624 Market St., Philadelphia -- $70,000 to continue the development of its AutoChem Workstation, a computerized instrument that prepares chemicals for analysis.
 -- Vital Enterprises, 3101 N. 5th St., Philadelphia -- $15,544 to evaluate and develop the furnace and processes needed to establish a small, urban aluminum can recycling center.
 Delaware County
 -- LouveRail Enterprises, Inc., P.O. Box 507, Concordville -- $77,300 to expand the market for its product which allows the louvers in fences around decks and pools to be opened for viewing and closed for privacy.
 Haverford
 -- Orthovita, Inc., 201 Caenarvon Lane, Haverford -- $50,000 to continue its development and research into a new, bioactive synthetic material that promotes bone growth after a complex fracture.
 Malvern
 -- Elcom Technologies Corporation, 5 Great Valley Parkway, Malvern -- $50,000 to continue finalizing the development of a unique modem that allows the transmission of high speed video, data, and voice over already existing copper household wire and telephone lines.
 Chester County
 -- ThromboSys, Inc., 1201 Basett Lane, Chester Springs -- $50,000 to continue the development of its novel blood diagnostic test that provides a more sensitive, direct determination of a patient's risk of forming clots. This test could help diagnosis and prevent heart attacks, strokes and pulmonary embolisms.
 -- Paragon Systems, L.P., 218 Main St., Phoenixville -- $50,000 to expand the access to their software which contains the tools needed to design, develop, test, and modify custom database applications. They will develop a user interface for Windows, X-Windows and Macintosh.
 Bucks County
 -- Fabrics on Line, Inc., 88 Grant Drive, Holland -- $25,000 to develop an on-line computer information service for bulk buyers and sellers of off-price fabrics.
 Each firm applied for financing from the Ben Franklin Technology Center and was chosen to receive funding after a thorough review. The firms will repay the investments from profits. Other companies interested in applying for financing can contact the Technology Center at 215-382-0380.
 The Ben Franklin Technology Center provides business and financial assistance to small and medium-sized companies for the development and commercialization of technology and innovation.
 /delval/
 -0- 1/13/94
 /CONTACT: Morgan Barlow of Portfolio Associates, Inc., 215-627-3660/


CO: Ben Franklin Technology Center ST: Pennsylvania IN: CPR SU:

MJ-MK -- PH011 -- 1031 01/13/94 11:09 EST
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Date:Jan 13, 1994
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