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State fund invests $600,000 in neutron-detection company

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Indiana’s 21st Century Fund said Friday that it has invested $600,000 in Bloomington-based PartTec Ltd., a manufacturer of neutron-detection technology.

The state’s capital infusion will be co-invested with $1.2 million raised through an offering to private investors by the Indianapolis office of David A. Noyes & Co.

The funds will help PartTec commercialize several products in its non-helium-3 neutron detector line, company CEO Herschel Workman said in a prepared statement.

The company's products are designed for use in medical and defense research laboratories.

“This investment is further validation of the global need for our technology and research,” he said. “It’s extremely rewarding to know that the state of Indiana believes in our products and our highly skilled and dedicated team.”

Indiana’s 21st Century Fund is the state’s principal fund for investing in high-tech companies.
 

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  1. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...

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