InSeT System, one of NorTech, Crain’s Cleveland Business Announce 2010 Innovation Award Winners

Annual awards program recognizes top innovations in Northeast Ohio

NorTech, in partnership with Crain’s Cleveland Business, is pleased to announce the winners of its annual Innovation Awards program which honors the achievements of Northeast Ohio’s most innovative organizations and leaders.

This year, twelve winners have been selected to receive awards, representing innovations from a broad range of technology industries including bioscience; instruments, controls and electronics; advanced materials; information and communication technologies, and advanced energy.

A panel of distinguished judges from across Northeast Ohio, representing academia, venture capital, private industry and economic development, selected this year ’s winners.

“NorTech is pleased to showcase some of the most exciting innovations being developed and commercialized right here in Northeast Ohio” said Rebecca O. Bagley, President and CEO of NorTech. “We strongly believe that the innovations being honored this year will help advance existing technology industries and build new ones throughout our region.”

Award winners will be recognized during an evening ceremony on Wednesday, February 24, 2010 at LaCentre Conference and Banquet Facility in Westlake, Ohio. Mr. Harry Shimp, Operating Partner at Element Partners, a firm that invests in high growth companies in the energy and clean technology markets, will be the keynote speaker for the evening. More information about the event is available at:www.nortechinnovationawards.org.

InSeT Systems, LLC
Inertial Sensor Tracking System

The system uses inertial technology to provide the most accurate location data available in underground and other GPS denied situations. The system utilizes miniature inertial devices combined with cutting edge software to control drift of the location data to provide location information accurate to a radius of 10 feet. The InSeT system will be marketed to underground mines in the U. S. first to help them comply with the MINER Act of 2006, then to other underground mines in both the U. S. and around the world. www.insetsystems.com

"Our goal is to greatly improve the chances that underground miners can go home to their families every day when their work is done."