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NJTC Venture Fair 2004 Winners Announced

Excellent Showing from Technology and Life Sciences Companies Yields Strong Competition

MOUNT LAUREL, N.J., March 31 /PRNewswire/ - The New Jersey Technology Council's Venture Fair 2004 honored fifteen of its exhibitors at an awards presentation following Monday's fair. With over 600 attendees, the event showcased technology and life sciences companies that have distinguished themselves in areas of innovation, growth and support for New Jersey and the surrounding area. This year's event was held at the Liberty Science Center. "Our exhibiting companies represent ingenuity, innovation and opportunity for regional economic growth," said Maxine Ballen, NJTC's CEO. "We are extremely proud to award these fifteen stand-outs from such a strong group."

Most Innovative Product / Service:
Winner: Advanced Cerametrics, Lambertville, NJ

Best Life Sciences Company:
Winner: Linguagen, Cranbury, NJ

Best Healthcare Company:
Winner: Cascade Medical Enterprises, Wayne, PA

Best Information Technology Company: Winner: Bullrun Financial, Lawrenceville, NJ

Best Communications Company:
Winner: Great American Technologies, Inc., Newark, NJ

Best Electronics / Advanced Materials / Nano Company:
Winner: NanoOpto, Somerset, NJ

Best Emerging Technology Company:
Winner: Immunotope, Doylestown, PA

Most Socially Responsive Company:
Winner: Urovalve, Newark, NJ

Best Early Stage Company:
Winner: Sweetskinz, Philadelphia, PA

Best Expansion Stage Company:
Winner: MDY Advanced Technologies, Inc., Fair Lawn, NJ

Best Management Team:
Winner: MedAvante, Princeton, NJ

Company Most Likely to go Public:
Winner: Polymerix, Piscataway, NJ

VC's Choice:
Winner: Linguagen, Cranbury, NJ

People's Choice:
Winner: Spider Network Systems, Somerset, NJ

Company Most Likely to Succeed:
Winner: Sentrx, Little Falls, NJ

Over 50 companies were selected to exhibit at the Venture Fair. Venture capitalists and investors visited the companies at their booths to preview the various products and personally meet the management. Additionally, more than half of the companies had the opportunity to make formal presentations to the Venture Fair audience. Several past exhibitors have received funding totaling more than $15 million, including Piscataway-based Polymerix Corp., Conshohocken-based LScan Technologies, Inc., and Hoboken-based Hydroglobe. This year's Venture Fair was sponsored by Battelle Ventures; Catalina " Associates; Comerica Bank; Dechert LLP; Deloitte " Touche LLP; Drinker Biddle; Edison Venture Fund; Geller and Company; Grant Thornton LLP; Hale and Dorr LLP; Lowenstein Sandler, PC; McCarter " English LLP; Morgan Lewis; NJ Economic Development Authority; NextStage Advisors; NJBiz; NJTC Venture Fund; PricewaterhouseCoopers LLP; ReedSmith LLP; Saiber Schlesinger Satz " Goldstein, LLC; Silicon Valley Bank; Stevens and Lee; Tri-State Financial LLC; and Wachovia Bank, N.A.

About The NJTC
The New Jersey Technology Council represents technology-intensive industries and the institutions and service companies that support them by providing:

bullet Networking opportunities
bullet Access to financing sources
bullet Information
bullet Public policy advocacy
bullet Business support
bullet Recognition of the industries and their leaders

SOURCE: New Jersey Technology Council
Web Site: http://www.njtc.org

About Redpoint Bio, formerly Linguagen
Redpoint Bio Corporation (www.redpointbio.com) is a privately held company located in Cranbury, N.J., and holds a variety of patents in the field of taste. The company researches, discovers, develops, and commercializes breakthrough products that improve the palatability of oral medicines and enhance the flavor and nutritional value of foods and beverages, including solutions to the problems of bitterness, excess sugar, and excess salt.

 

  Redpoint Bio