SAN DIEGO, California--Nasseo, a medical device company based in Southern California, has announced selection to present its surface modification technology at the World’s Best Technology Innovation Marketplace 2012, presented by Northrup Grumman.
Nasseo is among 130 companies and technology innovators from across the globe that have been chosen by the WBT Selection Committee to present work at WBT 2012--a showcase for innovators in the fields of life science, nanotech, material science and information technologies.
“We are pleased to include Nasseo, Inc., in this choice group of emerging companies and technologies to our exclusive forum of institutional investors, angel investors, and corporate licensees,” said Paul Huleatt, CEO of the WBT Innovation Marketplace.
Nasseo’s first product, the Nasseo TiArray dental implant system, integrates its proprietary surface modification technology to improve osseointegration. Many dental patients are advised not to obtain implants due to high failure rates.
These patients include individuals with poor circulatory health issues, such as diabetes and smokers, and individuals who have taken bisphosphonates for an extended period of time. Nasseo’s dental implant system targets this large and growing patient demographic.
Dr. Garrett Cale Smith, PhD, Nasseo’s cofounder and CEO, co-invented the technology in an effort to provide better solutions for patients and clinicians.
“When implants fail, dentists lose time, money, and patient confidence," Dr. Smith said.
"The dental industry continues to modify implant surfaces utilizing grit-blasting and coating techniques which do not take into account the structure of bone bonding at the molecular level. Nasseo’s novel surface modification technology aims to provide stronger bone-to-implant bonding resulting in better treatment options for both patients and dentists.”
The WBT Innovation Marketplace announcement is the latest recognition for the medical device company.
Nasseo has received top prize in both the UCSD Entrepreneur Challenge Executive Summary and Business Plan 2012 competitions, the first company in the Entrepreneur Challenge’s history to achieve this feat in the same year. The company, which has already closed on its seed financing round, will participate in the WBT Showcase--a deal-focused event in which Nasseo will be asked to present its technology to seasoned venture investors and Fortune 500 licensing scouts representing a variety of growth-oriented industries.
“To have our work recognized in this way by one of the most prestigious events in the technology industry is a great source of motivation for us," Dr. Smith said.
"Ultimately, we feel the WBT Innovation Marketplace is recognizing not only Nasseo’s unique technology, but the current market and patient need for smarter, longer-lasting dental implants.”
The WBT Innovation Marketplace will showcase select companies October 24-26, 2012, in San Diego at the Convention Center.
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