Technology

NEW INNOVATION ALLIANCE AIMS TO DRIVE NEW MED TECH VENTURES IN REGION

Published

12 months ago

April 30, 2025

BALTIMORE, April 30, 2025 /PRNewswire/ — A new collaboration bringing entrepreneurs and investors together with physician-scientists, surgeons, and medical technologists promises to launch the Baltimore region as a major national hub for new biomedical ventures and start-up companies. The initiative, called the “Innovation Alliance,” leverages the national and international leadership in biomedical research and technology of the City’s two major universities (University of Maryland, Baltimore and Johns Hopkins University) to attract venture capital, foster startups, drive economic growth, and ultimately bring to market new treatments, cures, and technologies that will directly improve lives.

Shape of the Alliance

The Innovation Alliance will have three main components centered around funding and support for innovators as they take ideas from the lab to the marketplace. These include gathering twice a year to give partners and investors an exclusive first look at new technologies and emerging businesses supported and reviewed by the life sciences accelerator University of Maryland Baltimore Life Science Discovery (UM-BILD). Alliance partners will also work with an Innovation Advisory Group to review and consult on grant and investment decisions for cultivating new biomedical projects. Lastly, members of this new partnership will offer mentorship for university-affiliated researchers with entrepreneurial ideas.

“Our vision of the new Innovation Alliance is an open, collaborative network where members can invite potential partners to accelerate healthcare innovation,” said Mark T. Gladwin, MD, Dean of the University of Maryland School of Medicine, Vice President for Medical Affairs, University of Maryland, Baltimore (UMB), and the John Z. and Akiko K. Bowers Distinguished Professor. “Together, we can drive transformative medical solutions to improve patient care, advance scientific discovery, and position Maryland as a global leader and in the med-tech space.”

Fostering Innovation

Several key initiatives across the academic and medical enterprises of the University of Maryland already exist to support entrepreneurship and will help drive the success of the Innovation Alliance. These include UM-BILD, which, over four years, will provide more than 40 innovators with up to $100,000 in funding to help them take discoveries from the lab bench to the marketplace.

“We believe that innovation is the key to shaping the future of healthcare,” said Bert W. O’Malley, MD, President and CEO of the University of Maryland Medical Center. “And through our incubators and special funding, we are fostering technology-driven breakthroughs here in Baltimore and across Maryland.”

UM Ventures is another vital strategic partnership between UMB and the University of Maryland, College Park that provides entrepreneurs with wet lab facilities, medical device prototyping, and $4.5 million in annual investments.

Two initiatives, the iHabor Innovation Center and the University of Maryland Medical System (UMMS)/UMB Innovation Challenge, support innovations in patient care and hospital operations. Each year, the Innovation Challenge offers up to six hospital-based teams between $25,000 to $125,000 each for innovative proposals and guidance in navigating FDA approvals and market entry. The iHabor Innovation Center, meanwhile, serves as the UMMS patient care technology incubator. In addition to mentorship, it offers innovators funding up to $350,000 per project.

The Institute for Health Computing (UM-IHC), meanwhile, offers cutting-edge computational support for researchers in all fields and University of Maryland campuses. Founded in 2002 and located in North Bethesda, UM-IHC applies AI, bioinformatics, and immersive technologies to uncover hidden patterns in data to help make more accurate medical decisions, predict diseases, and identify novel treatments.

“Successful life science discovery takes a tremendous amount of work by some of the very best and brightest scientists. To translate those discoveries into innovative therapies, diagnostics, and devices that can be commercialized for actual patient use is its own unique, additional challenge,” said Jason Rose, MD, MBA, a UMSOM Associate Professor of Medicine, the Associate Dean of Innovation and Physician Science Development, and Director of Faculty Entrepreneurship. “The University of Maryland is unique in the levels of targeted support we can offer our innovators and entrepreneurs, from seed-level funding to guidance on regulatory processes, as they seek to commercialize their discoveries.”

Innovative Maryland Companies

At a mid-March Innovation Alliance kick-off event, the first companies presented their technologies and therapies to more than 150 attendees. Vascular Rescue, Inc., for example, presented a prototype device for semi-automated insertion of venous catheterizations and arterial cannulations that could reduce complications for patients and the resulting unreimbursed hospital costs. Developed by UMB and co-founded by Raj Sarkar, MD, PhD, head of the UMSOM Division of Vascular Surgery, Vascular Rescue is currently seeking FDA clearance for the AVAD through the 510(k) pathway.

CoapTech, developed by UMB and co-founded by Steven Tropello, MD, UMSOM Clinical Assistant Professor of Emergency Medicine, is seeking funding to scale up the production and sales of its 510(k) pathway cleared PUMA-G platform. The device uses ultrasound to guide the minimally invasive placement of patient feeding tubes.

Globin Solutions, of which Dr. Rose is CEO and Co-Founder and Dean Gladwin is Chair of the Board and Co-Founder, exhibited its portfolio of resuscitation therapies, beginning with a first-of-its-kind antidote to carbon monoxide poisoning. The company is currently seeking $3.5 million in funding for a Phase I/IIa first-in-human study for safety and biomarker outcomes.

Joining the Innovation Alliance

The Alliance offers multiple avenues for engagement for those interested in contributing to the project of making Maryland a leader in biomedical innovation, from attending Alliance gatherings, joining the Innovation Advisory Group to help review pilot grants, or mentoring start-ups. Donations can also be made to the University of Maryland Medicine Innovation Fund to amplify the impact of investments made across all Innovation Alliance initiatives.

To learn more or get involved, contact Kim Morton, Associate Dean for Development at University of Maryland Medicine, at kmorton@som.umaryland.edu

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SOURCE University of Maryland School of Medicine

Technology

Haloid Solutions Expands Access to Radio Equipment by Offering Flexible Financing and Leasing Solutions Named HaloidFLEX

Published

3 hours ago

April 18, 2026

NEW YORK, April 18, 2026 /PRNewswire/ — As part of Haloid Solutions’ long-term commitment to helping businesses and municipalities acquire critical communications equipment despite budgetary constraints, Haloid now offers specialized financing and leasing programs through its HaloidFLEX program.

Designed to ensure that companies and governments have the equipment they need without costly capital expenditures outlays, HaloidFLEX offers financing for equipment purchased directly from manufacturers or local radio dealers. HaloidFLEX financing offers zero percent and low-interest options as well as predictable monthly payments for qualified buyers. HaloidFLEX clients can even opt to incorporate extended support services and protections into their financing to prepare for accidents, theft, or equipment losses. This gives companies peace of mind with one low monthly payment.

For organizations that don’t want or need to own equipment long-term, the HaloidFLEX leasing program offers similar benefits with potential tax advantages. Companies can lease brand new equipment and upgrade or return it at lease-end as needed. For companies seeking flexible options – or those that are interested in upgrading to the latest technology as it becomes available – leasing makes perfect sense.

One of the added benefits of each program is that HaloidFLEX allows clients to bundle services and protections that would normally be billed separately. Accidental damage, theft, and loss protections can be put in place, so that there’s never a lapse in communication if a radio fails. Extended warranties are also available upon request, so companies can customize their financing and protection to fit their budget and safeguard their equipment simultaneously.

According to a Haloid Solutions spokesperson, “Bundling expenses simply makes sense. It reduces the need for multiple policies and flexes with organizations to ensure critical communication equipment is available when needed while guaranteeing that the company’s investment is protected for the life of the equipment.”

HaloidFLEX financing and leasing programs are available to qualified businesses and municipalities nationwide. To learn more or request a customized quote, visit HaloidSolutions.com.

About Haloid Solutions

Haloid Solutions is the go-to resource for U.S. businesses and municipalities in search of financing and leasing for two-way radios, walkie talkies, communications equipment, accessories, and services. Focused on reliability, affordability, and performance, Haloid strives to equip professionals in all communication-based industries with the resources they need most.

For more information about Haloid Solutions, or details about the HaloidFLEX financing or leasing programs, please visit https://haloidsolutions.com/collections/lmr-radio-financing-and-leasing-and-subscription-low-cost-payment-options-for-2-way-radio-equipment or contact us on our website.

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SOURCE HALOID SOLUTIONS

Technology

CAS Holdings Appoints Patrick McDermott as Chief Executive Officer

Published

4 hours ago

April 18, 2026

Leadership Transition Positions CAS Holdings for Continued Growth and Customer-Focused Innovation

FRANKLIN, Mass., April 18, 2026 /PRNewswire/ — CAS Holdings, a leader in industrial automation distribution, engineering, and integration, is pleased to announce that Patrick McDermott has been named Chief Executive Officer.

McDermott previously served as President and Chief Revenue Officer, where he played a key role in driving growth across the organization, strengthening customer relationships, and leading teams with a clear focus on execution and results.

In his new role as CEO, McDermott will lead CAS Holdings into its next phase of growth, building on the company’s strong foundation and continued commitment to delivering value to customers, partners, and employees.

“I’m honored to step into the role of CEO at CAS Holdings,” said McDermott. “Over the past year, I’ve had the opportunity to work alongside an incredible team, support our customers, and help drive the growth of our organization. I’m excited to build on that momentum as we move into our next chapter.”

CAS Holdings, through its divisions including iAutomation and RND Automation, delivers a full spectrum of industrial automation solutions – from product distribution and technical support to custom machine building and system integration. Serving OEM machine builders and end-users, the company brings deep expertise in motion control, robotics, and vision, along with value-added capabilities such as kitting, sub-assembly, panel building, and turnkey automation systems, acting as an extension of its customers’ engineering and production teams.

McDermott’s leadership will focus on advancing CAS Holdings’ strategic initiatives, strengthening its market position, and continuing to deliver innovative automation solutions that support customers across a wide range of industries.

“We have a strong foundation, a talented team, and a clear direction. I’m looking forward to what we’ll accomplish together,” McDermott said. “Our focus remains on supporting our customers with responsive, local expertise, strong supplier partnerships, and the engineering and production capabilities they rely on to keep their operations running and growing.”

About Complete Automation Solutions Holdings

Complete Automation Solutions Holdings (CAS Holdings) is dedicated to empowering industrial automation companies, including those in the packaging industry, to achieve optimal efficiency and success. With a diverse portfolio encompassing industrial distribution, panel building and assembly, system integration, and robotics, CAS Holdings provides comprehensive packaging machines and solutions tailored to meet industry needs. The company prioritizes strong partnerships, expert engineering, and innovative solutions, ensuring sustainable practices and continuous improvement. CAS Holdings envisions a future where its transformative automation solutions redefine industry standards and drive growth. Committed to transparency and collaboration, CAS Holdings aims to be the most trusted partner in the automation sector.

Press Contact:

Erika Jacques
508-838-8012
http://www.iautomation.com/

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SOURCE CAS Holdings, Inc.

Technology

Vipboss Marks Earth Day with Renewed Commitment to Green Energy Solutions

Published

5 hours ago

April 18, 2026

NEW YORK, April 18, 2026 /PRNewswire/ — As Earth Day draws global attention to environmental responsibility, Vipboss, a specialist manufacturer and developer of lithium iron phosphate (LiFePO4) battery packs for energy storage and mobility applications, is underscoring its long‑term commitment to sustainable energy practices through its Environmental Advocacy. This advocacy is devoid of ornate language; its inspiration stems from the brand’s unwavering conviction in LiFePO4 batteries as a green energy solution. To align this message with practical action, the brand is also running a themed sales campaign on its official website during April 18th to 30th. It highlights how practical product solutions, rather than abstract concepts, can support cleaner energy use in everyday life.

Across the world, energy consumption patterns are undergoing rapid change. Households, outdoor users, and light‑mobility sectors are increasingly seeking energy systems that are safe, sustainable, and low‑emission. Within this shift, LiFePO4 batteries have emerged as a preferred technology for clean‑energy applications. Their long service life, high safety profile, and absence of cobalt, which is an element associated with higher environmental and ethical risks, position them as a responsible choice in the global transition toward greener power.

LiFePO4 technology forms the foundation of Vipboss’s approach to sustainable energy. Its extended cycle life reduces the frequency of battery replacement, lowering resource consumption and easing the environmental burden associated with disposal. The material’s inherent stability also minimizes the risk of thermal runaway, offering a safer experience in homes, recreational vehicles, and public environments. In practical use cases such as home backup systems, RV travel, and golf‑course operations, LiFePO4 batteries deliver efficient storage and stable output, helping reduce reliance on fossil‑fuel‑based energy sources and supporting lower‑carbon lifestyles.

Vipboss’s environmental advocacy extends beyond the technical advantages of its products. The brand promotes responsible energy use as an integral part of sustainable living, emphasizing that product design and informed application must work together to achieve meaningful environmental outcomes. As a provider of energy solutions for home, travel, and leisure scenarios, Vipboss continues to participate in the long‑term process of green transformation through ongoing technological refinement and product evolution.

Earth Day serves as a reminder that lasting environmental impact is built through small, consistent actions. Looking ahead, Vipboss will continue advancing safer, more durable, and more efficient energy products that support individuals and families in adopting more sustainable energy habits. Through these efforts, the brand aims to contribute enduring value to the wider adoption of clean energy and the collective pursuit of a more sustainable future.

About Vipboss

Vipboss is a specialist in the lithium battery industry, focusing on the research, production, and manufacturing of lithium iron phosphate (LiFePO4) battery packs. The company is committed to advancing battery technology with an emphasis on reliable performance, safety, and extended service life. Its mission is to deliver safe, efficient, and environmentally responsible energy solutions that contribute to a cleaner, more sustainable future.

For more information, please visit: https://vipbosspower.com/.

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SOURCE Vipboss