Preo Software inks licensing deal with Xerox

Preo Software Inc. has entered into a licensing agreement with copier giant Xerox to develop assesment tools and software products that measure the amount of colour coverage on a page in real-time. Right now the software works with the ColorQube 9200 series of copiers.  

Part of the agreement has already been implemented as end-users can visit www.xerox.com/finallycolorisless to upload a sample page to assess its cost to copy on a ColorQube printer.

The new printer is pretty cool in its own right too - it features solid ink CMYK cartridges that look like mutant crayons melting into the machine instead of traditional toner. The result is 90 per cent less waste over the life of the machine.

Theracarb announces new CEO

While schmoozing investors at Banff Venture Forum, TheraCarb Inc. announced it has appointed Dr. Mark Redmond as its new Chief Executive Officer.

Dr. Redmond is a graduate of the University of Alberta with a Ph.D. specializing in infectious disease and immunology. Since 1993 he has served in executive management roles and as President and CEO of several biotechnology companies. He has led the development of vaccines, active pharmaceutical ingredients, OTC pharmaceutical, and medical devices, and launched products into global healthcare markets. In 2004 he was named BioAlberta Entrepreneur of the Year.

Psyko Audio begins shipping 5.1 headphones

Calgary-based start-up Psyko Audio Labs Inc. has begun production and is filling pre-orders for it's award-winning Psyko 5.1 Gaming Headphones. The headphones promise "natually immersive sound" by putting five speakers across the top band that are channelled to each ear through tubes, along with bass speakers in the earcup.

Components are being manufactured in China and are then shipped to Calgary for final assembly and shipping. A company source says that they plan on filling their existing pre-orders in the next two weeks. Following that, they will shift to real-time shipping for new customers. The headphones are priced at $299.00 USD.

Alberta Deal Generator looking for new members

Alberta Deal Generator is in the midst of a summer recruitment drive. They’ve added 12 members so far this quarter and are looking to add another 20 plus investors to its roster of wealthy individuals who have an interest in developing Alberta’s tech sector – and potentially making a boatload of money for themselves and technology start-ups in the process.

For those who aren’t familiar with Alberta Deal Generator, it’s a group of more than 200 angel and venture capital investors who invest in early-stage technology companies in Alberta. They hold quarterly investor forums where a handful of investor-ready tech start-ups deliver their pitches. It’s not all Dragon’s Den at ADG, these folks, with some help from Calgary Technologies Inc. and TEC Edmonton, also hold entrepreneur boot camps to prepare entrepreneurs to deliver their investor pitches at an ADG forum. The result is a win-win for start-ups and investors.

So what does an ADG member look like?

For starters you should be interested in the technology sector and investing/investment education. Availability to participate in the quarterly forums is important along with a willingness to act as a mentor investor. Finally, it’s a bit of a no-brainer, but you need to have money you are willing to invest.

The deals have started to heat up at ADG as well over the past couple of months. While cash was pretty tight at the end of 2008 and into 2009, the money has started to flow with more than $1 million in cheques being written recently. These folks mean business.

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