The PLSG Invests $115,000 in Innovention Technologies, LLC

    PITTSBURGH, Oct. 24 /PRNewswire/ -- The Pittsburgh Life Sciences
 Greenhouse (PLSG), the private/public partnership putting the region's life
 sciences industry on a fast track for growth, announced that the PLSG has
 invested $115,000 in Innovention Technologies, LLC, a developmental-stage
 medical device company, whose goal is to develop and commercialize a
 highly-maneuverable surgical probe that will alleviate the existing
 limitations of endoscopic devices used in minimally invasive surgery (MIS).
     Innovention Technologies is a spin-out from Carnegie Mellon University
 and it is led by an interdisciplinary team of experts in robotics, robotic
 surgery and minimally-invasive cardiac surgery (MICS).
     Innovention Technologies is developing advanced robotic technologies
 for use in a wide range of applications, including: medical, industrial,
 military and law enforcement. The company's highly articulated robotic
 probes have unlimited degrees of freedom, are teleoperated, and are able to
 steer a self-supported, non-linear path. Innoventions' first product is a
 highly-articulated robotic probe (HARP) with feeder (the "HARP Product").
 The HARP Product is highly maneuverable and once entered through a natural
 orifice or small incision, is designed to steer around organs to reach
 anatomical targets not normally accessible by conventional endoscopic
 tools. The HARP mechanical features include its ability to alternate
 between being rigid and flexible, and "remember" its previous
 configurations. This allows the HARP to reach very small cavities within
 the body and remain in a desired shape and orientation while the doctor
 performs surgery without having to hold the device anymore.
     "The PLSG is excited to support Innoventions' continued
 commercialization efforts. Innoventions' core technology promises to
 combine advanced, yet simple methodologies in robotic surgery to more
 effectively deliver intended surgical benefits for increased patient care,"
 said John W. Manzetti, PLSG's President and CEO. Mr. Manzetti continued,
 "The experienced management team has combined MIS and an emerging robotics
 technology to strategically and competitively position Innoventions in a
 large medical device market."
     About the Pittsburgh Life Sciences Greenhouse (PLSG)
     The PLSG invests in and supports the growth of biosciences companies in
 southwestern Pennsylvania. The PLSG has investment and business growth
 programs to increase the linkage between research, technology and
 commercialization; nurture and develop entrepreneurial biosciences
 enterprises; grow the region's talent pool in the life sciences; and help
 biosciences firms locate, expand or start-up in the Greater Pittsburgh
 region. http://www.plsg.com
     About Innovention Technologies, LLC
     Innovention Technologies LLC is developing advanced robotic
 technologies for use in a wide range of applications, including: medical,
 industrial, military and law enforcement. The Company's highly articulated
 robotic probes have unlimited degrees of freedom, are teleoperated, and are
 able to steer a self-supported, non-linear path. Within the medical field,
 the Company plans to serve a number of different specialist areas,
 including: minimally-invasive cardiac surgery, electrophysiology,
 laparoscopy, colonoscopy and arthroscopy. www.innoventllc.com
 
 

SOURCE Pittsburgh Life Sciences Greenhouse