Ben Franklin Technology Partners of Northeastern Pennsylvania in Bethlehem has approved $552,215 in loans and grants in technology companies in its 21-county region.
The loans to early stage companies in the Greater Lehigh Valley:
MDS Link Inc. of Bethlehem received $100,000 toward the development of its patent-pending solution, which is designed to significantly increase data transport capacity using existing coax cable.
Pennsylvania Glassworks Co. in Temple received $100,000 to begin production and processing of its decorative architectural cast-glass panel prototypes.
Universal Cross-Connection Control of Bethlehem received $100,000 to provide sales, marketing and customer support to this producer of a software-enabled service for water utilities.
eCO2Dye LLC, a company in Allentown that has developed a waterless textile dying process, received $45,000 to complete fundraising for a facility to demonstrate its equipment and techniques.
LifeAire Systems LLC of Upper Macungie Township received $24,000 toward marketing for its highly sensitive air purification systems.
Ben Franklin also made investments as 1-to-1 matching grants for established manufacturers, including these in the Greater Lehigh Valley:
PhytogenX Inc. of Morgantown received $25,000 to work with Lehigh University’s Enterprise Systems Center to implement the center’s planning system to meet growing demand for its personal beauty care products.
Applied Separations Inc. of Allentown received $25,000 to work with Lehigh’s Enterprise Systems Center to improve operational efficiency.
Bosch Rexroth Corp. of Bethlehem Township received $25,000 to work with Lehigh’s Enterprise Systems Center to adapt a newly developed hybrid manufacturing process for reworking high-temperature tooling surfaces through additive manufacturing to reduce costs and speed maintenance.
SHI Cryogenics of America Inc. in Allentown received $25,000 to work with Lehigh’s Enterprise Systems Center to complete an analysis to optimize efficiencies and reduce lead times.
Misco Products Corp. of Reading received $23,215 to work with Lehigh’s Enterprise Systems Center to complete automation of its material handling and job-tracking processes.