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Elevate Ventures and 21st Century Fund Finalize $600K Investment in PartTec, Market & Thought-Leader in Neutron Detection Technology

Elevate Ventures (www.elevateventures.com), a venture development organization that manages the 21st Century Fund for the Indiana Economic Development Corporation (IEDC), announced today the completion of their investment in PartTec, Ltd. (www.parttec.com), a market and thought-leader in non-helium-3 neutron detection technology.

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PartTec wins 50th Annual R&D 100 Award

PartTec, Ltd., a high technology company that develops, manufactures and sells several lines of radiation detectors, has been named by R&D Magazine a winner of the 50th Annual R&D 100 Award for the non-helium-3 wavelength-shifting scintillator neutron detector. The Annual R&D 100 Awards recognize the 100 most technologically significant products introduced into the marketplace over the past year.

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PartTec announces collaboration with the Detector Team at the Spallation Neutron Source

PartTec announces its collaborative efforts with the Detector Team at the Spallation Neutron Source, have resulted in the success of major improvements to its Wavelength Shifting Fiber Neutron Detectors, which are installed in the POWGEN and VULCAN instruments at the Spallation Neutron Source. Those improvements are in three areas that improve detector overall performance to a level similar to He-3 gaseous detectors for neutron energies of approximately 1Å: - The scintillator efficiency has been improved by optimizing the 6LiF content.

PartTec Awarded Patent for Radiography Defeat Material

PartTec has been awarded a patent for its Radiography Defeat Material. This patent (No. US 7,705,335 B2) covers the methods and materials developed by PartTec to protect high security locking devices and other materials from radiographic imaging.

PartTec Announces License Agreement with ORNL to Manufacture Advanced Neutron Detector System

PartTec, an Indiana-based manufacturer of radiation detection equipment, has signed an agreement to manufacture and market a neutron detector system jointly developed at the Department of Energy's (DOE) Oak Ridge National Laboratory (ORNL) and by PartTec with an SBIR grant from the Department of Energy.

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PartTec receives Indiana 21st Century Fund matching grant

The Indiana Economic Development Corporation has announced it has awarded a grant to PartTec, Ltd. of Bloomington, Indiana. This grant is a match to a grant recently won by PartTec from the National Institutes of Health and is part of the IEDC's committment to high technology, small businesses in Indiana. PartTec has received a total of five 21st Century Fund matching grants from the IEDC over the past five years.

PartTec receives Phase I SBIR Award from the National Institutes of Health

The National Institutes of Health has awarded a Phase I SBIR grant to PartTec for research regarding Gas Electron Multipliers (GEM) Dose Imaging Detectors. The award will fund the research project through December, 2009.

PartTec receives Phase I STTR Award from the U.S. Department of Energy

The U.S. Department of Energy has awarded a Phase I STTR grant to PartTec for research regarding a gas-filled neutron detector. This novel detector is a collaborative project with the Indiana University Cylcotron Facility. The award will fund the research project through March, 2009.

PartTec files patent application for Radiography Defeat Material

PartTec announces it has made a patent application for a method and for material that will protect high security locking devices and other materials from surreptitious discovery. PartTec is now commercializing this innovation with product introduction scheduled for third quarter, 2008.

PartTec exhibits at the Department of Energy CAP Program in Washington, DC

PartTec successfully completed all required components of the U.S. Department of Energy’s Commercialization Assistance Program and was invited to present at the DOE Opportunity Forum in Tysons Corner, Virginia. Select companies were invited to present to Venture Capitalists, Investment Bankers and Fortune 500 Companies.

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