Yoggie Security Systems Yoggie Management Server™ transformed into a VMware-based Virtual Appliance read more
iFly, SF Bay, the wind tunnel business located in Union City, allows people of all ages to experience flying and skydiving without jumping from a plane.
14 Silicomventures investors made original investments in early 2006. The construction of the wind tunnel was completed in late 2007 and the business has been generating revenues since Q4-2007. For the first half of 2009 revenues grew 12% vs. the same period in 2008, which is quite remarkable given the slowing economy. A major challenge for the business was the construction cost which was way above original estimates. As a result, several expensive loans were taken to close the gap. However, in Q2-2009 all the expensive debts were converted to equity.
The business has been about breakeven on operational profit. The next milestone, for us as investors, is to generate extra cash so dividends can be distributed. The plan to get there is by continuing to grow revenues and control expenses. If you want to experience flying in this wind tunnel check the website: www.iflysfbay.com
It can be lots of fun for you, your family and friends.
Regroup (formerly CollegeWikis) made some significant progress, culminating in 3 sales to school clients in the last 3 weeks. (The schools: Frostburg State University, in the state system of Maryland; New Mexico Highlands University, in the state system of NM; and Valparaiso School of Law in Indiana). Over the last couple months, their goal has been to prove out the model of sales. Because the market is tough and schools have a notoriously long sales process, we believe the company's success in making sales in a relative short time period bodes well for the value of Regroup and future market opportunity. They have a strong pipeline of more schools that they are looking forward to reporting on soon.
Devicescape Delivers Easy Wi-Fi to Leading Japanese Service Provider Wi2.. read more
Veodia, acquired ScreenToaster and launched http://screenjel.ly a few weeks ago. The company received great traction and coverage (including TechCrunch, VentureBeat, CNN, etc)
eASIC AND IPEXTREME® ANNOUNCE FREESCALE COLDFIRE® PROCESSORS FOR NEXTREME NEW ASICS..read more
Spectros, funded by Silicom Ventures in 2004, markets and licenses advanced molecular sensing devices that shed light on life-threatening diseases, including ischemia and cancer.
Our lead product, the FDA-approved T-Stat Ischemia Detection System, is being used clinically by physicians and surgeons in the U.S., Europe, and Australia. Studies are underway to demonstrate improvements in patient outcome for a number of clinical uses, primarily in the intensive care unit. Distributors are now beginning to carry an increasingly large portion of the sales visits, and this trend is expected to accelerate this year. In order to accommodate our growth, we will be moving to new offices in August 2009. Funding reserves remain sufficient that no additional dilutional capital is expected to be required in the next year.
Spectros is also developing follow-on products to provide additional value and reduce operational risk. These include the Lori breast cancer screening system now in Phase III clinical trials, and ProstaFluor and LeukoFluor imaging agents expected to begin Phase I/II human clinical trials next year. Several pivotal agreements have been closed this year with commercial partners to bring these agents to human use, and formal announcement of these deals is expected later this year.
Last, Spectros has developed the one of the largest collections of biomedical optical technologies, with unique and deep intellectual property. Spectros aggressively defends its patents from infringement. Most recently, in May 2009, Spectros initiated legal action against ThermoFisher. Other cases may be filed from time to time as requested by the Board of Directors when required to defend our I.P. portfolio from infringement.
Satori Labes $2.2B EMR firm Allscripts features FusionForm digital pen system in annual Allscripts Customer Experience (ACE) keynote. National Library of Medicine (NLM), part of National Institutes of Health (NIH), selects FusionForm digital pen system after extensive competitive evaluation.
Pageonce App, Personal Assistant, has been selected by O'Reilly Media as a Best iPhone App, and is featured in O'Reilly’s book, Best iPhone Apps. Pageonce just launched a major update to its iPhone application, and it blows you out of the water. Pageonce’s v3 update is absolutely fantastic, and Mint’s app pales in comparison (http://www.mobilecrunch.com/2009/06/22/pageonces-updated-iphone-app-brilliantly-combines-all-your-online-accounts-into-one-app/) Pageonce launch Android and Windows Mobile version of it successful Personal Assistant application.