New Record of 161 SynCardia Total Artificial Heart Implants Set in 2013

With 161 SynCardia temporary Total Artificial Heartsimplanted in 2013, nearly double the 81 implants performed in 2011, SynCardia Systems, Inc. is on track to exceed 200 implants of the Total Artificial Heart in 2014, the company announced today. “We expect demand to continue to accelerate this year,” says Michael P. Garippa, SynCardia CEO and President.

“The SynCardia Heart saves patients dying of heart failure and the Freedom® portable driver provides patients without hu man hearts a life worth living outside the hospital.” The driver significantly improves the patient’s quality of life and eliminates most in-hospital cost for this portion of the patient’s care, Garippa added.

For more: New Record of 161 SynCardia Total Artificial Heart Implants Set in 2013

Tech startup looks to create custom weekly grocery ads

Despite a significant move to online ads, printed weekly grocery circulars have remained a mainstay of supermarkets, which spent more than $11 billion on newspaper circulars alone last year. A Tucson-based tech startup wants to replace those weekly ads with personalized, digital grocery circulars shoppers can use to get deals on what they buy most via the Web.

Desert Angels portfolio company Recoleta Digital Media got a key boost recently when it was awarded a $250,000 grant as a winner of the Arizona Commerce Authority’s annual Innovation Challenge.

For more: Tech startup looks to create custom weekly grocery ads

$457,000 Grant Awarded to Consortium for Border Technology Manufacturing

For Immediate Release
October 4, 2013

(Tucson, Arizona) — Innovation Frontier Southwest (IFS) was awarded a grant from the US Department of Commerce, Economic Development Administration for $457,000 to develop a strategic plan for manufacturing in the southern Arizona and New Mexico region. The grant was awarded as part of the “Investing in Manufacturing Communities Partnership” (IMCP), an Obama Administration initiative that will help accelerate the resurgence of manufacturing in the United States and create jobs in cities across the country.

The Border Technology Manufacturing Initiative, the project developed by IFS, is a collaborative effort among government, academia and industry to build a regional strategy for manufacturing, utilizing the region’s strength in border technology. The grant is designed as a series of targeted studies that will allow the region to determine current assets and deficits. It will incorporate infrastructure, workforce, research and policy in its analysis. IFS will use the data to address and develop a strategic plan. This grant is pivotal to the next round of grant funding expected later this year.

Innovation Frontier Southwest is a collaboration of the following partners:

•             Tech Parks Arizona, The University of Arizona

•             Pima County

•             Arizona Commerce Authority

•             City of Tucson

•             Greater Yuma Economic Development Corporation

•             New Mexico Manufacturing Extension Partnership (MEP)

•             New Mexico State University Engineering New Mexico Resource Network

•             Tucson Regional Economic Opportunities (TREO)

The grant was announced by U.S. Secretary of Commerce Penny Pritzker, along with U.S. Secretary of Agriculture Tom Vilsack, U.S. Environmental Protection Agency Administrator Gina McCarthy, and Acting Small Business Administrator Jeanne A. Hulit.  The $7 million in grants and other investments are the first round of funding in a major reform effort to reward communities for creating globally competitive environments that attract, retain, and expand investment in manufacturing and spur international trade and exports. These grants and investments will help communities develop plans to build strengths in specific industries through:

•       Workforce training

•       Specialized research

•       Strengthened supply chains

•       Improved transportation and energy infrastructure

•       Export promotion

•       Better access to capital

Grants and investments awarded in 2013 will help communities undertake the strategic planning necessary to compete for the IMCP Challenge being launched in fall 2013 and awarded in the spring of 2014.  In the 2014 Challenge competition, the Administration will designate stand-out “Manufacturing Communities” and give them an advantage in securing grants and investments through programs offered by 10 federal departments and agencies across the government. Moreover, top “Manufacturing Communities” may receive large IMCP Challenge grants and investments to finance – in partnership with industry and localities – substantial economic development investments such as workforce training, business parks or incubators, or infrastructure.

For more information on the entire IMCP, please visit http://www.commerce.gov/news/fact-sheets/2013/04/17/fact-sheet-investing-manufacturing-communities-partnership

 

Media inquiries

Jessa B. Turner | Tech Parks Arizona | (520) 382-2485 | jbturner@uatechpark.org

Laura Shaw | Tucson Regional Economic Opportunities | (520) 609-5972 |  laura.shaw@treoaz.org

Jim Mize |Pima County One-Stop | (520) 243-6703 | jim.mize@pima.gov

Patricia A. Sullivan| New Mexico State University | (575) 646-2913|patsulli@nmsu.edu

Jennifer Sinsabaugh | New Mexico MEP | (505) 262-0921 | jennifers@newmexicomep.org

Marisa Walker | Arizona Commerce Authority | (602) 845-1297 | marisaw@azcommerce.com

Syncardia Raises $19 Million

Tucson-based artificial heart maker SynCardia Systems Inc., a Desert Angels portfolio company, has raised $19 million in new, long-term growth capital from investors including a major health-care investment fund. The investment round includes a $15 million, structured financing arrangement with New York-based Athyrium Opportunities Fund, as well as a $4 million follow-on equity investment from existing shareholders.

Read more: Tucson-based SynCardia lands $19M investment

Medical Research & Technology Company to Relocate to Tucson

Biotech firm Accelr8 to move HQ to Tucson

Inside Tucson Business

August 16, 2012

By Patrick McNamara

Article Summary: Accelr8 Technology Corporation plans to relocate its corporate headquarters from Denver to Tucson. The medical diagnosis and instrumentation firm intends to have its new facility in Tucson up and running early next year. It will be located at 3950 S Country Club Rd near the University of Arizona Medical Center – South Campus.

For more details, visit the full ITB article at the link below:

http://www.insidetucsonbusiness.com/news/biotech-firm-accelr-to-move-hq-to-tucson/article_1227cbf4-e7c2-11e1-9e83-0019bb2963f4.html

 

Local Startup Founded in 2000 Awarded SBIR Contracts from USDOE in the Amount of $2 Million

Tucson tech: Firm gets $2 million contracts for special chips

Ridgetop’s radiation-hardened micro-device being developed for particle accelerators

July 31, 2012  • David Wichner Arizona Daily Star

A Tucson-area company that has long specialized in predicting failure is prognosticating success with technology to help scientists unlock the secret life of atoms.

Ridgetop Group recently won two Small Business Innovation Research contracts worth $1 million each from the U.S. Department of Energy to develop analog-to-digital signal processor chips for particle accelerators used in research.

Particle accelerators are used by physicists to smash sub-atomic particles together to learn about the elemental building blocks of matter – sometimes discovering whole new classes of particles in the process.

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Local Startup in 1979 Sold to Roper Industries for $1.42 Billion

Tucson software firm sold for $1.4 billion

Fla.-based Roper buys Sunquest in 1 of biggest merger deals here

July 21, 2012 - Phil Villarreal Arizona Daily Star

In a $1.42 billion deal, Roper Industries has bought Tucson medical software developer Sunquest Information Systems Inc.

The all-cash merger announced Monday includes cash tax benefits totaling $25 million.

The deal is believed to be among the highest dollar-figure mergers in Tucson-area history, ranking alongside Roche Holding AG’s $3.4 billion purchase of Oro Valley’s Ventana Medical Systems in 2008 and Texas Instruments’ $7.6 billion purchase of Burr-Brown Corp. in 2000.

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Raytheon Awarded $636 Million Exoatmospheric Kill Vehicle Contract by the Missile Defense Agency for Work to be Performed by RMS in Tucson

Raytheon Press Release

Raytheon Awarded $636 Million for Exoatmospheric Kill Vehicle

Raytheon awarded $636 million for Exoatmospheric Kill Vehicle

TUCSON, Ariz., July 9, 2012 /PRNewswire/ — Raytheon Company (NYSE: RTN) was awarded a $636 million development and sustainment contract to provide the Exoatmospheric Kill Vehicle to The Boeing Company, which is the prime contractor for the Ground-based Midcourse Defense program. Raytheon booked the award during its second quarter.

EKV represents the centerpiece for the Missile Defense Agency’s GMD as the intercept component of the Ground Based Interceptor, also known as GBI, which is designed to engage high-speed ballistic missile warheads in space.

“When it comes to developing, testing and deploying technologies that enable the intercept of threats in space, Raytheon is a world leader,” said Dr. Taylor W. Lawrence, Raytheon Missile Systems president. “We are proud to contribute to our nation’s first line of defense against the threat of ballistic missiles.”

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The UA Awards Honorary Degree on Arizona Venture Capitalist Harry A. George

Harry A. George has more than 38 years of experience in founding, operating and investing in successful rapid growth technology related companies and was awarded an honorary Doctor of Science degree from the UA Eller College of Management.  He was recognized at the UA for serving on the board of the Arizona Center for Innovation and was a member of the advisory committee of the MBA program at the Eller School of Business for six years. George also is chair of a TREO task force developing an entrepreneurial economic blueprint for Tucson.

Read more: http://www.azbio.org/a-capital-leader-moves-to-the-head-of-the-class