Newark, CA-based Triple Ring Technologies, Inc., a provider of early-stage advanced research and development services, has been awarded a two-year $1m Challenge Grant from the National Heart, Lung and Blood Institute (NHLBI), a division of the National Institutes of Health (NIH), as part of the American Recovery and Reinvestment Act (ARRA).
The grant will fund the development of an X-ray imaging system for pediatric cardiac intervention. The system is based on a technology originally developed for Triple Ring partner NovaRay Medical and is expected to reduce the radiation dose to children by 75%, as compared to conventional systems.
Commenting on the award, Joseph Heanue, PhD, President of Triple Ring Technologies, said: “We are very pleased that NIH has chosen Triple Ring as one of only a handful of companies to receive a Challenge Grant. “This award further validates the breadth of our technical capabilities and the experience of our scientists and engineers”.
FinSMEs
07/10/2009