FOR IMMEDIATE RELEASE
February 16, 2009
UT Arlington Office of Technology Management
UT Arlington’s Hyperspectral Imager with DLP® Technology an "Early Pick" for WBTshowcase
February 16, 2009 – Even though the University of Texas at Arlington is a committed annual host of the WBTshowcase, the institution’s researchers still have to compete to win spots for their technologies at the prestigious global investment and licensing forum.
So when UT Arlington’s hyperspectral imaging technology was chosen as a 2009 WBTshowcase “Early Pick” this past fall along with eight other applicants, Karl Fultz -- an Accounting/Marketing Manager with UT Arlington's Office of Technology Management -- was thrilled.
“This is a cutting-edge imaging technology that gives surgeons live-action feedback to increase accuracy and reduce complications,” said Fultz.
UT Arlington, in partnership with Texas Instruments and technology co-owner UT Southwestern, will join up to 100 presenters at WBT09, held March 24-25 in Arlington.
According to Fultz, the technology has diverse applications from amputation to heart and gastric bypass surgery, food quality and safety inspection to quality control of pharmaceuticals. What the technology needs now, he says, is an experienced commercialization partner.
“We are marketing RT-HSI at WBT to attract savvy venture capitalists and licensing partners that can create a sustainable business from this platform technology,” said Fultz. “Because the device meets a long-felt market need, we’ve already generated quite a bit of interest, but more visibility would help.”
While at NIH, Dr. Karel Zuzak was involved in work to explore ways to use hyperspectral imaging (HSI) for non-military applications such as health care. Upon joining UT Arlington’s faculty, Dr. Zuzak collaborated with UT Southwestern Medical School and Texas Instruments to integrate their DLP chip to create a real-time hyperspectral imager.
UT Arlington is lead institution in a partnership with UT Southwestern.
RT-HSI with DLP® technology illuminates live tissue during medical procedures, helping surgeons and clinicians visualize anatomical structures even when covered by fatty tissue.
The global device market has recorded an average compound growth rate of 7.5%. Comparisons to the ultrasound imaging market indicate that global market size by 2010 will be at least $4.8 billion for diagnostic imaging.
UT Arlington seeks investment, research sponsors and licensees.
The WBTshowcase is the world’s premier event exposing undiscovered, revolutionary energy, life science, IT and physical science technologies emerging from top universities, labs and research institutions. Each WBT is a year long collaborative effort resulting in deals vetted and mentored by investors and licensees for investors and licensees.