Intelligent Sensing Technologies awarded $250,000 by New Jersey Commission on Science and Technology
Officials of the New Jersey Commission on Science and Technology (NJCST) will present a check for $250,000 to Intelligent Sensing Technologies (IST), a Stevens-incubated business, on Thursday, Sept. 27, at Stevens Institute of Technology. State Senator Bernard Kenny, joined by Dr. John Tesoriero, the executive director of the NJCST, will present the check for technology development to Dr. Dimitri Donskoy, an associate professor at Stevens and the Principal Investigator for IST.
The event will be held Sept. 27 at 10 a.m. on the Stevens campus, in the 14th floor boardroom of the Wesley J. Howe Center, two blocks east of the intersection of Washington and 8th Streets in Hoboken. Press are welcome to attend. A light brunch will be served.
Donskoy is the recipient of an NJCST Springboard Fund recoverable grant, intended to help in the development of pre-production prototype devices. Donskoy and IST have developed a breakthrough, non-destructive application capable of detecting active and non-active infestations by wood-destroying insects, such as termites and carpenter ants. The technology is called the Total Wood Inspection system, or TwiN, and involves a magnetic wave sensor system capable of detecting both voids in wood and movements of active insects. The grant from the Springboard Fund will aid in the actual fabrication of a prototype that Donskoy will develop and market to a wide cross-section of homeowners and businesses. Each unit, when brought to market, will cost an estimated several hundred dollars.
"Wood-destroying insects cause about $3.8 billion worth of damage per year," says Donskoy. "As it becomes commercialized, this reliable detection method should help reduce that figure significantly."
Through Stevens' Technology Ventures Incubator (TVI) and lab facilities, Donskoy has developed a variety of sensing technologies, including a revolutionary acoustical landmine detection system and technology for diagnosing deterioration in urban infrastructure.
"Congratulations to IST," says Gina Boesch, the Director of Stevens' Technology Ventures Incubator, which aids numerous start-up high-tech businesses with funding, expertise and facilities at the Stevens campus. "The NJCST Springboard Fund is a highly competitive program. This financing will allow IST to turn its innovative technology into a useful, cost-effective and reliable new product - and TVI is here to help."
Sarah Jane Militello, the Chief Operating Officer of Stevens Technologies, Inc., the new development and transfer corporation for cutting-edge technologies created at Stevens, is equally pleased with the award.
"This Springboard award for development will allow IST to take the next important step for bringing its products to market," says Militello. "We at Stevens are delighted to work with the NJCST in developing promising tech firms which will bring revenue and jobs to New Jersey."
Both Boesch and Militello will be present at tomorrow's check presentation ceremony at Stevens' Wesley J. Howe Center.
About Stevens Institute of Technology
Founded in 1870, Stevens Institute of Technology is one of the leading technological universities in the world dedicated to learning and research. Through its broad-based curricula, nurturing of creative inventiveness, and cross disciplinary research, the Institute is at the forefront of global challenges in engineering, science, and technology management. Partnerships and collaboration between, and among, business, industry, government and other universities contribute to the enriched environment of the Institute. A new model for technology commercialization in academe, known as Technogenesis®, involves external partners in launching business enterprises to create broad opportunities and shared value.
Stevens offers baccalaureates, master’s and doctoral degrees in engineering, science, computer science and management, in addition to a baccalaureate degree in the humanities and liberal arts, and in business and technology. The university has a total enrollment of 2,150 undergraduate and 3,500 graduate students, with about 250 full-time faculty. Stevens’ graduate programs have attracted international participation from China, India, Southeast Asia, Europe and Latin America. Additional information may be obtained from its web page at www.stevens.edu.
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