The task force suggested that such an affiliation would allow the fund to raise the level of capital required. They also felt that an affiliation with ATI II would positively differentiate the fund locally and nationally from many other regional funds. In both cases, those present favored a uniform selection process for the funds and the incubator with a strong involvement of the funds managers in the ATI II selection process and advisory boards. Regenesis continues to have dramatically improved healing times with their patients during clinical trials. They have made numerous presentations to potential financial investors in the company and also to one large medical products distribution company.
Formal talks continue.
They already have closed one contract with a customer. He hopes to have a conditional purchase order soon from a major aerospace insulation manufacturer. He is also working diligently on market research for other applications of his insulation technology. This has allowed them access to numerous distributors and manufacturers who they have meetings with in September and October. LEC is also working in the medical area with the Harrington Research Foundation.