This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Knoxville-Oak Ridge Innovation Valley Capitalizes On Oak Ridge Technologies

KNOXVILLE, Tenn. and OAK RIDGE, Tenn., May 21 /PRNewswire-USNewswire/ -- Improved LED lights, high tech air filtration systems and lighter, stronger and easier-to-ship materials - all developed locally - are fueling a promising, and increasingly green, future for the Knoxille-Oak Ridge Innovation Valley.

Entrepreneurs and local companies in the Innovation Valley economic development region can work closely with researchers at Oak Ridge National Laboratory (ORNL), the Department of Energy's  Y-12 facility in Oak Ridge, and the University of Tennessee/Knoxville.

Concrete examples of the region's technical and entrepreneurial synergies are easy to find.

LED North America's Andy Wilhem wants to make LED lights last longer. Using a lightweight carbon foam developed at ORNL that reduces temperatures in LED engines by as much as ten degrees Celsius, Wilhem says he can double the life of LEDs. That, he argues, could represent an "industry game changer" with an effect most immediately apparent in public LED applications in schools, streets, parking garages and office buildings.

In another example of Innovation Valley technology at work locally, Knoxville-based Bandit Lites, one of the entertainment world's largest lighting providers, is gaining a competitive edge by working with GRNLite, the company has develop a full range of rugged, bright and affordable LED fixtures that reduce onstage heat, use 90% less electricity and reduce truck space, cutting related fuel and emissions. Bandit Lites is also bringing lightweight carbon fiber stage rigging systems to market.

"The progress we're making with LEDs and carbon fiber materials ties in directly to advances at the Oak Ridge National lab and at the University of Tennessee," Strickland says.

Technology transfer is also at work locally at Industrial Ceramic Solutions, which produces ceramic fiber filters for industrial and diesel exhaust applications. The company, headed by former Oak Ridge materials research scientist Dick Nixdorf, is also developing high performance reinforcement fibers to improve durability of combustion chamber liners in coal-fired power plants. Nixdorf's company also works with carbon nanotubes, which could improve fuel cells and lithium. The underlying technology developed was a joint effort by ORNL and Y-12.

The synergies between research and the region's economy are perhaps best symbolized by ORNL Lab Director Thom Mason's chairmanship of the Knoxville-Oak Ridge Innovation Valley economic development partnership and by such events as the June Technology Resource Showcase, which will connect local researchers and their innovative technologies with local companies.

"I believe in the adage, 'companies innovate or they die'," said Jesse Smith, technical director for the Innovation Valley partnership. "We ask companies, why would you want to be anywhere else?  What better way that to tap into DOE's largest energy materials lab and the innovative products coming out of Y-12 and the many collaborative efforts with a major university?"

For more information about the Innovation Valley, contact Jesse Smith at jsmith@innovationvalleyinc.org or at 865-228-8794.

Media representation: Clark Miller Communications, 865-414-1908

SOURCE Knoxville-Oak Ridge Innovation Valley

Copyright 2009 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,001.22 -38.27 -0.22%
S&P 500 1,988.40 -3.97 -0.20%
NASDAQ 4,538.5510 +6.4470 0.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs