Disruptive Technology Roundtable 1, Press Release, 2006


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Disruptive Technology Roundtable 1, Press Release, 2006

  1. 1. Public release date: 13-Jun-2006[ Print | E-mail | Share ] [ Close Window ]Contact: Patrick A. Berzinskipberzins@stevens.edu201-216-5687Stevens Institute of TechnologyStevens “Disruptive TechnologiesRoundtable” #1, June 28Dr. Helena S. Wisniewski, VP for university research, hosts1st in seriesHOBOKEN, N.J. -- Dr. Helena S. Wisniewski, vice president for university research &enterprise development at Stevens Institute of Technology, will organize and host a series ofmonthly "Disruptive Technologies Roundtables" at Stevens. The first in the series will be heldon, Wednesday, June 28, 2006, 11:30 a.m.-1:30 p.m., in the 14th Floor Board Room of TheWesley J. Howe Center, two blocks east of Washington & 8th Streets in Hoboken. Luncheonwill be served and members of the media are welcome to attend.The program is a by-invitation roundtable discussion, and the inaugural June 28 featured topic is"Ultra-Sensitive Sensors for Perimeter Security and More," specifically technologies that formthe basis for the Stevens Technogenesis® start-up company, Castle Point Scientific, LLC.The presentation will include discussions of the technology, the applications, and the businesscase and demonstration (see Company Executive Summary below)."We intend that these roundtables become important monthly forums at Stevens," said VicePresident Wisniewski. "Research at the Institute is producing amazing disruptive technologieswith surprising applications of great interest to business and government. We want to takeadvantage of our proximity to the business center of the world in New York City to raiseawareness of these opportunities, along with related issues, among the research, venture capitaland commercial products communities."The second in the series of Disruptive Technologies Roundtables, concerning anotherTechnogenesis start-up, Stevens Proof of Concept (SPOC) – a biomedical technology applicationfor muscle-pain detection – will be scheduled for late July at Stevens. Please watch for furtherdetails. ###About Castle Point Scientific LLC
  2. 2. Castle Point Scientific, LLC (CPS) is a Technogenesis company formed at Stevens Institute ofTechnology by the office of University Research and Enterprise Development along with thetechnology inventor, Professor Hong-Liang Cui. Castle Point Scientifics mission is tocommercialize technology developed at Stevens for next-generation fiber optic-based ultra-sensitive sensing systems, which have demonstrated superior performance and promise to be arevolutionary approach for a diversity of sensor-based applications. These applications includesystems for perimeter and border security and counter-terrorism applications – by detecting andcharacterizing intruders, including the approach of vehicles; measuring non-invasively the strainin structures (for example, bridges, buildings); detecting presence and level of gases in tunnelsand underground mines to prevent disasters; and oil exploration and well monitoring.China is one of the initial rapidly growing markets for gas detection in mines and tunnels, and oilexploration. CPS already has strong business relationships in place in China and is establishing acustomer base as well as the possibility of low-cost manufacturing facilities. Also, CPS intendsto exploit existing business opportunities in the US security market in both government andindustry.The core team is in place with the CEO, CTO, CFO, a Board of Directors, and key engineeringand sales/marketing positions. These are filled by experienced managers and engineers frommajor corporations. CPSs location at the center of the east coast optoelectronics industry and itsassociation with Stevens Institute of Technology, one of the leading technological universities inthe country, will allow CPS to rapidly add talented and qualified people as needed.CPS obtains its superior sensor performance through its patent pending technology which isbased on Fiber Bragg Gratings (FBG) – optical devices that detect mechanical strain. An array ofFBGs, together with its spatial arrangements, provides the improved sensitivity. The vibrationscaused by movement of people or vehicles place a strain on the FBG causing the light passingthrough to undergo a shift in wavelength. This shift is proportional to the size of the vibrationand indicates small frequency changes to accurately determine the cause of the strain – forexample, a person, vehicle or animal.Compared to conventional electronic and electromechanical sensors, CPS sensors are faster,smaller, lighter, and more sensitive, with a wider bandwidth. Over the last two years, CPSprototypes of perimeter defense systems have been developed for and tested by the US Army atFt. Dix, N.J., and Eglin Air Force Base, Fla., with performance that exceeds that of existingsystems by more than 30 percent. CPS sensor systems for oil exploration and bridge structuralintegrity have been tested by Chinese customers with superior results. In addition to licensingintellectual property successfully and launching start-up companies, Stevens has had severalsuccessful liquidity events, such as the sale to major corporations of two of its Technogenesisstart-ups, HydroGlobe and PlasmaSol.About Stevens Institute of TechnologyEstablished in 1870, Stevens offers baccalaureate, masters and doctoral degrees in engineering,science, computer science, management and technology management, as well as a baccalaureatein the humanities and liberal arts, and in business and technology. The university has enrollments
  3. 3. of approximately 1,780 undergraduates and 2,700 graduate students, and a current enrollment of2,250 online-learning students worldwide. Additional information may be obtained from its webpage at www.Stevens.edu. For the latest news about Stevens, please visitwww.StevensNewsService.com.