Article posted on Jun 27
This is a transcript for the video of the Utah Innovation Awards.
>> The things that are here are at the cutting edge of what’s going on where it’s just gone from being a research product from research to something that’s more in the development of productization stages. And so it’s really exciting because you can see a lot of the new things that are just coming out.
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>> We need to recognize and celebrate the great innovations and the people behind those innovations in the state of Utah. This is the 6th year we’ve done it and every year it seems to get bigger and bigger and the nominations are getting more exciting.
>> We’ve developed an electric chemical process to separate sodium from nuclear waste. By doing so, you’re generating fewer caustics that can be reused back in the process where they can go back and dissolve the waste they already have and redevelop the process.
>> There’s a strong link between the university research and the state government, as well as the local high tech businesses and that synergy is really starting to take off.
>> It allows for high school students to be discovered. They go to zinch.com. They create a profile of themselves and colleges and universities come to interact and recruit and communicate with high school students. We have over 400,000 students using it from all over America. Over 500 colleges, 50 of the top 100 schools in America use it. Big name schools. So it’s a great place for colleges and students to interact on a platform, the Internet, that students embrace.
>> In the United States, there are 400,000 what are called stripper wells. A stripper well produces less than 10 barrels a day. If we’re able to go back and use our technology on many of those wells, only about half of those wells, that represents another 180 billion barrels of oil producible domestically.
>> Essentially, what we’ve done is invented a new form of noble gas based insulation that replaces fabrics as insulators. We’re from Provo. This is a student invented, owned and operated company. This is one of our alpha prototypes I’m wearing right now. We’re in development of our beta prototype. You can see the dial right here on the jacket. By turning this dial, you can see that it increases the volume of those chambers inside of the jacket. So it gives you that warmth on demand at the touch of a button.
>> These are all the growing companies in the state of Utah, all the best companies that are in the technology space are involved in this event.
>> Think of it loosely as Tivo for your network. Primarily used for security purposes. You have the ability to have that historical record and have essentially complete visibility into all of your network traffic. Everything that crosses your network, you can replay that traffic, use any number of analysis tools out there to identify the root cause of the problem.
>> This device enables the clinician to use this to actively pull the anesthetic out of the brain and the blood and the lungs so that patient’s emerge more effectively. They’re able to recover better in the recovery unit.
We know that it shortens the time in the recovery unit and patients in general do better and have less complications.
So this product’s in use throughout the U.S. in a variety of hospitals. It’s in use here in Utah. This was invented by two research professors and a practicing anesthesiologist all who have associations at the University of Utah.
>> This is really an effort on our part to try to help highlight these companies and get them the recognition they deserve. And we found that as they’re highlighted and recognized, investment, investors approach them and they’re able to raise capital. They’re able to get their products to market and it helps promote these companies and get them sort of economically going in the right direction. It’s a real boost for them.
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