New Wisconsin company formed from CATI patents
Laptop Battery By WTN News • 04/14/04 Sturtevant, Wis RmSys, Inc. has announced its formation based on technology licensed from the Center for Advanced Technology and Innovation, Inc. RmSys will be using the patented technology for an industrial application in environmental remediation. Ram Bhatia, chief operating officer of RmSys indicated the company has secured a license agreement with CATI on its agricultural chemical leaching inhibition technology.
CATI Director Matthew Wagner said the original technology was donated to CATI from International Specialty Products, a global chemical company headquartered in Wayne, N.J. ISP offers specialty solvents and intermediates used by agricultural chemical companies in the formulation and manufacturing of crop-protecting chemicals. ISP-patented research in agricultural chemical technology explores how to convert insect and weed-control chemicals into consumer and environmentally friendly products, including anti-leaching technology. Bhatia said, We saw a unique commercialization opportunity to utilize this particular leaching technology in another form than its originally designed purpose.
CATI has also helped form RmSys, management team, which includes a former S.C. Johnson organic chemist and University of Wisconsin-Parkside professor, who is a specialist in environmental remediation, Wagner said. Bhatia added the company is currently working on a small business innovation research grant with the U.S. Environmental Protection Agency and U.S. Department of Agriculture to assist with initial research and development for this new application. The terms of the license agreement were not disclosed.
CATI is a Racine-based partnership of academic, economic development and workforce development agencies that acquires patents donated by private industry and matches them with entrepreneurs in an effort to spawn new companies.
According to the indictment, Jones would steal various IBM and Penguin computer servers from Verisign's warehouse in Virginia and sell them to Johnson. Johnson would then sell the servers to several individuals, who would sometimes place them for sale on eBay. As a result of this scheme, the indictment alleges that Jones and Johnson caused Verisign to lose more than $120, 000 worth of computer equipment. In the indictment, Jones and Johnson are charged in three counts with causing the interstate transportation of stolen property, namely IBM 330 and 335 servers, in violation of 18 U.S.C.
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