Pittsburgh Angel Venture Fair Presentation


By SHAWN PIATEK
TRIBUNE-DEMOCRAT BUSINESS WRITER

Windber, PA , February 1, 2007– Applied Computational Technologies recently received two important pieces of news.

 

First, the company recently received a notice of “allowability” from the U.S. Patent and
Trademark Office regarding its request for a patent on its flagship product, ProACTive.
With the completion of additional paperwork, the company will receive patent rights for its
product, a major step forward.

ProACTive is a software application used in radiation treatments for cancer patients.
Company officials have said that the application greatly increases the speed and accuracy over the current industry standard.

“It gives us a sustained advantage,” said Jay McClatchey, the company’s managing partner.
“In other words, it locks the competition out from using the technology.  It’s also a value to our investors. It’s one of those major milestones for us as a company to be a pioneer in this area.”

 

The patent was applied for by Andy Holland, the company’s technical partner. It will be the
second patent Holland has received in his career.

Having this information in hand will assist Applied Computational Technologies, which is located at 620 7th St., with its second good piece of news.

It has been selected as one of eight companies afforded the opportunity to make a presentation on March 14 at the Pittsburgh Angel Venture Fair.  The fair will pull together “angel investors,” those who look to make capital investments specifically in start-up businesses and western Pennsylvania’s most promising new companies.  A total of 22 companies are invited to take part, but only eight receive the opportunity to make presentations.

 

“It really is a great acknowledgment for our company,” McClatchey said.  “We had to compete just for the opportunity to present and it’s an honor to be selected. It’s a
big boost for us as a company.”