Press Release
Contact: Robert Albright |
Phone: 919-549-7500 ext.123 |
Seven More Companies Selected for CED's Venture 2005
Final Application Deadline is Jan. 31
January 20, 2005, Research Triangle Park, NC – The Council for Entrepreneurial Development (CED) has selected seven additional companies to present at Venture 2005, and encourages other interested companies to apply by January 31 for consideration in the final selection round. Scheduled for April 26-27, 2005, at Pinehurst Resort in Pinehurst, NC, Venture 2005 will continue a 22-year tradition of showcasing North Carolina's top investment opportunities to hundreds of venture capitalists and financiers from throughout the United States.
The North Carolina-based companies recently selected to present at Venture 2005 include the following:
- Inlet Technologies (Raleigh, NC - www.inlethd.com) provides professional encoding solutions for high-definition content creation and distribution. Inlet's solutions combine the leading advanced compression encoding format with proprietary analysis tools to enable intelligent, real-time encoding of high-definition content for the post-production, broadcast and IPTV markets.
- Liquidia Technologies Inc. (Chapel Hill, NC - www.liquidia.com) develops and markets innovative fluoropolymer materials for high-value industrial applications in a broad range of industries including chemical, life science, electronic and consumer goods companies. The company's technology platform was developed in labs of Professors Joseph DeSimone and Edward Samulski at UNC-Chapel Hill.
- Mardil, Inc. (Morrisville, NC - www.mardil.com) is focused on developing minimally invasive procedures and devices for the cardiovascular disease market. The company plans to design, develop and market new devices related to the treatment of Congestive Heart Failure, including mitral regurgitation, by improving upon the existing technology to meet a current unmet need.
- Oriel Therapeutics Inc. (Durham, NC - www.orieltherapeutics.com) is a drug delivery company using powder inhalation technology developed at UNC-Chapel Hill and licensed on an exclusive basis to the company. Oriel is focused on the development of a novel active Dry Powder Inhaler for the delivery of drugs to the lungs for the treatment of asthma and chronic obstructive pulmonary disease.
- Respirics, Inc. (Raleigh, NC - www.respirics.com) is a respiratory drug delivery and development company serving the pharmaceutical, biotechnology and diagnostic industries. Respirics has developed a dry powder respiratory drug delivery system that can incorporate a range of drug products to treat respiratory diseases as well as other diseases where systemic drug targeting is required.
- Stonewall Networks (Cary, NC) is focused on the security management market regarding security policy management. The company is leveraging a patented use of XML technology to deliver a security management product called “Cornerstone” that encompasses security policy management, threat detection, threat reporting and threat mitigation for a multi-vendor environment.
- Triad Semiconductor, Inc. (Winston-Salem, NC - www.triadsemi.com) uses patent pending integrated circuit (IC) design architectures and its proprietary electronic design tools to configure an array of fundamental analog and digital circuit elements into custom chips. The company's mixed-signal structured array technology reduces time to market and development cost for application specific integrated circuits (ASICs).
During the first selection round in December 2004, CED chose six other companies to participate in the conference: Durham-based Adigy Corporation, Chapel Hill-based Asklepios BioPharmaceutical, Inc., Pittsboro-based Biolex, RTP-based Integrian, Inc., Raleigh-based Refense Technologies and Durham-based StemCo Biomedical Inc.
Ken Lee, general partner with Hatteras BioCapital and chairman of the Venture 2005 Selection Committee, said the first two rounds of selected companies demonstrate the diversity and strength of this region's innovation sector.
“The entire Selection Committee is impressed with the quality of companies chosen so far to present in Pinehurst,” said Lee. “I am certain that this slate will attract a full house of venture investors, and there is still time for interested companies to apply for the remaining presentation slots.”
The Venture 2005 Selection Committee seeks applications from high-growth, North Carolina-based companies from an array of industries that are looking to raise either initial or subsequent rounds of professional equity capital. For more information on applying to present, visit www.cednc.org/conferences/venture/2005/presenters/.
In addition to company presentations, Venture 2005 will include leading industry speakers, extensive networking opportunities and exclusive investor-only events. The overall conference co-chairs for Venture 2005 are Fred Hutchison of Hutchison & Mason and April Young of Comerica, Technology and Life Sciences Division.
About Venture 2005: CED's 22nd annual Venture conference - Where Great Minds Meet Smart Money - is scheduled for April 26-27 at Pinehurst Resort in Pinehurst, NC. Last year's conference, Venture 2004, drew a crowd of more than 800 investors, service professionals, entrepreneurs and others involved in the entrepreneurial funding process from throughout the United States. www.cednc.org/venture
About CED: The Council for Entrepreneurial Development, located in Research Triangle Park, NC, is a private, non-profit organization formed in 1984 to stimulate the creation and growth of high-impact companies in the greater Research Triangle region. CED provides education, mentoring and capital formation resources to new and existing high-growth entrepreneurs through annual conferences, seminars, workshops and monthly programs on entrepreneurial management and finance. CED, which celebrates its 20th anniversary in 2004, is the largest entrepreneurial support organization in the nation with more than 3,500 members representing 1,000 entrepreneurial companies, financiers and professional firms. www.cednc.org
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