Eastman Business Park

Mosaic Microsystems Strengthens Technical Leadership with Integration Engineer Brittany Hedrick

Retrieved on: 
Tuesday, November 7, 2023

ROCHESTER, N.Y., Nov. 7, 2023 /PRNewswire/ -- Mosaic Microsystems proudly announces the addition of Brittany Hedrick as Senior Engineering Manager.

Key Points: 
  • ROCHESTER, N.Y., Nov. 7, 2023 /PRNewswire/ -- Mosaic Microsystems proudly announces the addition of Brittany Hedrick as Senior Engineering Manager.
  • Brittany Hedrick joins Mosaic Microsystems as Senior Engineering Manager.
  • Brittany Hedrick joins Mosaic Microsystems from the role of Si Photonics Integration Engineer, with a robust professional background earned over the course of 12 years in the industry.
  • "We are thrilled to welcome Brittany Hedrick to our team at Mosaic Microsystems," said Shelby Nelson CTO of Mosaic Microsystems.

Mosaic Microsystems Strengthens Technical staff with Materials Research Scientist Joshua Roys, Ph.D.

Retrieved on: 
Tuesday, October 3, 2023

ROCHESTER, N.Y., Oct. 3, 2023 /PRNewswire/ -- Mosaic Microsystems, a dynamic manufacturing company in the semiconductor packaging industry, announces the addition of Joshua Roys Ph.D. as a Materials Scientist.

Key Points: 
  • ROCHESTER, N.Y., Oct. 3, 2023 /PRNewswire/ -- Mosaic Microsystems, a dynamic manufacturing company in the semiconductor packaging industry, announces the addition of Joshua Roys Ph.D. as a Materials Scientist.
  • Mosaic Microsystems Strengthens Technical staff with Materials Research Scientist Joshua Roys, Ph.D.
    Mosaic Microsystems, situated within the Eastman Business Park in Rochester, NY, is renowned for its rapid-paced and pioneering approach to semiconductor packaging.
  • Joshua Roys joins Mosaic Microsystems as a Materials Research Scientist with a professional background in new electroplating technologies and data analysis.
  • "We are delighted to welcome Joshua to our exceptional team at Mosaic Microsystems," said David Levy R&D Director of Mosaic Microsystems.

Governor Hochul Announces Round Six Winners of Luminate NY Accelerator Competition

Retrieved on: 
Wednesday, September 27, 2023

ROCHESTER, N.Y., Sept. 27, 2023 (GLOBE NEWSWIRE) -- Governor Kathy Hochul today announced Oculi as the winner of Round Six of the Luminate NY optics, photonics, and imaging startup accelerator competition. Baltimore, Maryland-based Oculi received the "Company of the Year" Award at Luminate Finals 2023, which was held live at Innovation Square in downtown Rochester, and online. The company will receive $1 million in investment from New York State through the Finger Lakes Forward Upstate Revitalization Initiative. Oculi will use the follow-on funding to move its headquarters to Rochester, and to scale operations for mass production, expanding sales, and for developing advanced versions of its products. Luminate NY, which is administered by NextCorps, is the world's largest business accelerator for emerging companies that have technologies enabled by optics, photonics, and imaging. The Finals event marks the completion of the sixth year of the cohort-based program, which now has over 50 companies in its portfolio. As required by the award, all winners of the competition will commit to establishing operations in the region for at least the next 18 months.

Key Points: 
  • Oculi Receives $1 Million in Investment; Five Additional Companies Secure Follow-on Investments
    Applications Now Being Accepted for Round 7 of the Optics, Photonics, and Imaging Competition until January 8, 2024
    ROCHESTER, N.Y., Sept. 27, 2023 (GLOBE NEWSWIRE) -- Governor Kathy Hochul today announced Oculi as the winner of Round Six of the Luminate NY optics, photonics, and imaging startup accelerator competition.
  • Luminate NY, which is administered by NextCorps , is the world's largest business accelerator for emerging companies that have technologies enabled by optics, photonics, and imaging.
  • “Thanks to Luminate NY, our state will continue to lead the nation on cutting-edge technological research,” Governor Hochul said.
  • Congratulations to Oculi, and all finalists who took part in Round Six of the innovative Luminate NY competition.

Empire State Development Announces Application Window is Now Open for Luminate NY Accelerator and Business Competition

Retrieved on: 
Thursday, September 14, 2023

ROCHESTER, N.Y., Sept. 14, 2023 (GLOBE NEWSWIRE) -- Empire State Development (ESD) today announced that Luminate NY—the world’s largest business accelerator for startup companies that have optics, photonics, and imaging (OPI) enabled technologies—is now accepting applications for its seventh cohort. Each year, the accelerator brings ten visionary companies to the Finger Lakes Region to leverage a rich ecosystem of resources to speed the commercialization of emerging technologies within a range of industries, such as autonomous vehicles, quantum computing, communications, advanced manufacturing, robotics, and augmented reality.

Key Points: 
  • Teams winning follow-on funding must commit to doing some aspect of their business operations or manufacturing in the region for at least 18 months.
  • Applicants for Luminate NY must be incorporated, have at least two full-time employees, and should have proven their core technology, preferably having developed a working prototype.
  • Once admitted, companies will receive assistance, including capital, access to comprehensive lab facilities for technology development, education, and business mentoring.
  • State Senator Jeremy Cooney said, “Luminate NY is the future of startup companies across the Greater Rochester and Finger Lakes region.

Li-Cycle and Shift2 Partner to Donate Laptops to High School Students in Rochester, New York

Retrieved on: 
Thursday, May 25, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230525005681/en/
    Anthony Staley (VP, Rochester Hub, Li-Cycle) hands out a laptop to a senior student at Edison Tech High School.
  • Li-Cycle partnered with Shift2, a local non-profit, to donate laptops to 60 students at the Rochester, New York high school.
  • Li-Cycle is also pleased to announce the extension of its corporate sponsorship of Shift2 for an additional three years.
  • Anthony Staley, VP, North American Hub, Li-Cycle, commented: “We are thrilled to extend our partnership with Shift2 and provide students with laptops and support their education.

Li-Cycle Receives Conditional Commitment for $375 Million Loan from the U.S. Department of Energy ATVM Program

Retrieved on: 
Monday, February 27, 2023

This is the first conditional commitment from the DOE ATVM program for a sustainable pure-play battery materials recycling company and the program’s main support for the lithium-ion battery recycling industry.

Key Points: 
  • This is the first conditional commitment from the DOE ATVM program for a sustainable pure-play battery materials recycling company and the program’s main support for the lithium-ion battery recycling industry.
  • The Loan will have a term of up to 12 years from financial close, and interest on the Loan will be the 10-year U.S. Treasury Rates from the date of each advance for the Loan.
  • “The Rochester Hub is a cornerstone asset for Li-Cycle and its stakeholders and will be an important contributor to the clean energy economy.
  • “This strategic financing achieves our commitment to execute on additional funding opportunities with debt that best optimizes our capital structure.

Governor Hochul Announces Round 5 Winners of Luminate NY Accelerator Competition

Retrieved on: 
Wednesday, October 19, 2022

ROCHESTER, N.Y., Oct. 19, 2022 (GLOBE NEWSWIRE) -- Governor Kathy Hochul today announced Lidrotec as the winner of Round 5 of the Luminate NY optics, photonics, and imaging startup accelerator competition. The Bochum, Germany-based Lidrotec received the "Company of the Year" award at Luminate Finals 2022, which was held live during Optica's Frontiers in Optics + Laser Science conference in Rochester. The company will receive $1 million in investment from New York State through the Finger Lakes Forward Upstate Revitalization Initiative. As required by the award, all winners of the competition will commit to establishing operations in the region for at least the next 18 months. Through Luminate NY, Lidrotec was introduced to AIM Photonics. This collaboration is helping Lidrotec build the infrastructure for developing the next iteration of its technology and execute on its plans to establish US operations. Luminate NY, which is administered by NextCorps, is the world's largest business accelerator for emerging companies that have optics, photonics, and imaging enabled technologies. The Finals event marks the completion of the fifth year of the cohort-based program. Earlier this year, Governor Hochul included funding for Luminate NY in the New State budget for four more consecutive years.

Key Points: 
  • Luminate NY, which is administered by NextCorps , is the world's largest business accelerator for emerging companies that have optics, photonics, and imaging enabled technologies.
  • Earlier this year, Governor Hochul included funding for Luminate NY in the New State budget for four more consecutive years.
  • "New York is on the cutting edge of technological research, as we continue to welcome great talent and opportunities here through our Luminate NY competition," Governor Hochul said.
  • State Senator Jeremy Cooney said, "Luminate NY continues to bring high-quality jobs to our Greater Rochester region through their accelerator competition, and this round's winners are no exception.

U.S. Senate Majority Leader Charles E. Schumer Visits Li-Cycle Rochester Hub

Retrieved on: 
Monday, September 19, 2022

Li-Cycle Corp. (NYSE: LICY) (Li-Cycle or the Company), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, was pleased to host Senate Majority Leader Charles E. Schumer at the Companys Rochester Hub within the Eastman Business Park near Rochester, New York.

Key Points: 
  • Li-Cycle Corp. (NYSE: LICY) (Li-Cycle or the Company), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, was pleased to host Senate Majority Leader Charles E. Schumer at the Companys Rochester Hub within the Eastman Business Park near Rochester, New York.
  • The Rochester Hub is expected to be the first commercial hydrometallurgical battery resource recovery facility as well as the first new significant source of battery-grade lithium carbonate production in North America.
  • Li-Cycle will convert black mass into battery-grade materials at the Rochester Hub in an environmentally sustainable manner using its proprietary technologies.
  • The Rochester Hub is expected to create approximately 220 new permanent jobs and more than 1,000 jobs during construction.

Empire State Development Announces Application Window Is Now Open for Round Six of Luminate NY Business Competition

Retrieved on: 
Tuesday, September 13, 2022

ROCHESTER, N.Y., Sept. 13, 2022 (GLOBE NEWSWIRE) -- Empire State Development (ESD) today announced that Luminate NY—the world’s largest business accelerator for startup companies that have optics, photonics, and imaging (OPI) enabled applications—is now accepting applications for its sixth cohort. Each year, the accelerator brings ten visionary companies to the Finger Lakes Region to leverage a rich ecosystem of resources to speed the commercialization of emerging technologies within a range of industries, such as autonomous vehicles, quantum computing, medical devices, advanced manufacturing, robotics, and augmented reality. The companies selected to take part in round six of Luminate NY will compete for one of 10 available slots. At the completion of the program, the teams will compete for a total of $2 million in follow-on funding, including a $1 million investment to the winning team and other investments totaling an additional $1 million. Teams winning follow-on funding must commit to doing some aspect of their business operations or manufacturing in the region for at least 18 months

Key Points: 
  • The companies selected to take part in round six of Luminate NY will compete for one of 10 available slots.
  • Once admitted, companies will receive assistance, including capital, access to comprehensive lab facilities for technology development, education, and business mentoring.
  • Luminate NY is funded by the transformative Finger Lakes Forward Upstate Revitalization Initiative , a comprehensive strategy to foster economic development and revitalize communities, and is administered by NextCorps .
  • For more information on Regional Councils and Empire State Development, visit www.regionalcouncils.ny.gov and www.esd.ny.gov .

Fengate and Ironclad Energy announce investment partnership

Retrieved on: 
Tuesday, February 8, 2022

Houston and Chicago, Feb. 08, 2022 (GLOBE NEWSWIRE) -- Fengate Asset Management (Fengate) and Ironclad Energy Ventures (Ironclad) are pleased to announce a partnership to acquire and operate cogeneration, district energy, and other industrial generation projects in the United States and Canada.

Key Points: 
  • Houston and Chicago, Feb. 08, 2022 (GLOBE NEWSWIRE) -- Fengate Asset Management (Fengate) and Ironclad Energy Ventures (Ironclad) are pleased to announce a partnership to acquire and operate cogeneration, district energy, and other industrial generation projects in the United States and Canada.
  • The partnership will improve the reliability, environmental efficiencies, operations, equipment and cost at the acquired cogeneration and district energy facilities by applying the combined experience and expertise of both Fengate and Ironclad.
  • As the owners of numerous successful cogeneration, district energy, and waste heat facilities over the past several decades, we really look forward to partnering with Fengate to responsibly invest in efficient, reliable, and sustainable utility services for the benefit of energy intensive customers, said John Prunkl, CEO of Ironclad Energy Ventures.
  • Fengate is managing this partnership on behalf of its infrastructure investors, including an investment fund owned by the LiUNA Pension Fund of Central and Eastern Canada.