|
Governor Doyle Announces $100,000 Award to Eso-Technologies, Inc. in Waukesha County
For Immediate Release: January 20, 2009 MADISON - Governor Jim Doyle today announced that Eso-Technologies, Inc., Hartland, Waukesha County, will receive a $100,000 Technology Venture Fund loan from the Department of Commerce (Commerce). Commerce has also certified the company as a Qualified New Business Venture eligible for early stage and angel investment under Act 255. "Facing uncertain economic times, it's important we continue to invest in developing technology that will help Wisconsin compete at the high end of the global economy," Governor Doyle said. "I am pleased we could help further the opportunities of a company like Eso-Technologies, Inc., which is developing new and better technologies to monitor cardiovascular function." "Eso-Technologies, Inc. would like to thank Governor Doyle and the Department of Commerce for their vote of confidence and assistance. Their actions underscore the company's commitment to advance better patient care throughout the world by introducing our new, life- saving and cost effective medical device," said Bonnie J. Reinke, President and CEO of the company. Eso-Technologies, Inc., was founded in 2007 to implement the patented technologies of John L. Atlee, M.D., for monitoring the cardiovascular system. The company has developed an esophageal monitoring device that is less invasive and more effective than the currently-used pulmonary catheter. The device also is less expensive and easier to use and can be expanded to provide additional monitoring and therapeutic capabilities. The company will use the Commerce loan for prototype development, clinical trials, and related activities. Total project cost is $3,000,000. For more information on Commerce programs and services, contact the Commerce Area development manager at http://commerce.wi.gov/BD/BD-AreaDevManagers.html. -30- |
|