Ben Franklin to Invest $480,300 in PA Technology
September 15, 2010 09:23 AM Eastern Daylight Time
BETHLEHEM, Pa.--(EON: Enhanced Online News)--The Ben Franklin Technology Partners of Northeastern
Pennsylvania (BFTP/NEP) approved the investment of $480,300in regional companies. BFTP/NEP is an award-
winning, state-funded economic development organization that links early-stage technology firms and established
companies with experts, universities, funding, and other resources to help them prosper through innovation.
Since beginning operation, BFTP/NEP has helped to create 14,301 new jobs and retain 21,236 existing jobs, to
start 408 new companies, and to develop 948 new products and processes. The Pennsylvania Ben Franklin
program returns $3.50 to the state for every $1.00 invested.
BFTP/NEP announces early-stage company investments:
Advanced-Tec Materials, LLC, West Hazleton -- $100,000
Conduct materials testing to optimize the characteristics of formulations and finalize production equipment
requirements. Advanced-Tec produces environmentally sound industrial materials, including insulation and
fireproofing materials, using proprietary formulations of recycled coal-combustion fly-ash. These materials exhibit
fire- and heat-resistant characteristics that create extremely versatile composites that require no heat curing.
CEWA Technologies, Bethlehem -- $146,000
Complete design, construct, and test a prototype of a new kind of point-concentrated solar power dish that will
deliver power at a lower cost due its novel design and the materials used in its construction. The dish, a toroid solar
collector, will be fabricated, assembled, and tested at Northampton Community College’s campus. The dish is
capable of providing thermal power for HVAC, power generation, desalination, and process heat applications at a
cost comparable to fossil fuel-based sources of energy.
Gleason Custom Kitchens, Inc., Moosic -- $100,000
Implement operational efficiencies and market development ac