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Americans gloomy on economy heading into holidays
Banks earn $2.8 billion in third quarter; insurance fund in the red
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2 men shot during party in Fairlawn
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Police accuse bank robbery suspect of gobbling up note (with dashcam video)
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A Dog Named Christmas – Pet for the Holidays
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Of pass interference and alleged "fake" injuries
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No. 1 Akron to play Stanford next
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Seven players added to Tribe’s 40-man roster
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Audio: Mangini disputes Poteat call, accuses Lions of faking injuries
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Flashes travel to Florida Atlantic
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Gameblog: Cavs vs. Philadelphia 76ers
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Buckeye Football – Present and Future
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The Onion, By Any Other Name…
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Glaring Contradictions
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Don't Try to Have Fun if you are Depressed
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What Automotive Thing Are You Thankful For?
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Faye Dunaway to be Evicted?
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Monique asks how to get tickets for the Polar Express.
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Steely Dan Plays "The Royal Scam" at E.J. Thomas Hall
HRLite House:
Personal Rant – Why I am Glad I live in NEO
Akron Gamer:
Nintendo's Mario endures even as games come and go
New technology can track underground miners
By Paula Schleis
Beacon Journal business writer
Published on Saturday, Apr 26, 2008
A company that has developed new technology for tracking people and equipment in underground mines is moving to Akron this month.
InSeT Systems, which is relocating from Strasburg, is also getting a $400,000 boost from JumpStart, Northeast Ohio's venture development organization.
Unlike tracking systems currently used in mines, InSeT's system does not rely on GPS or hazardous wireless technologies to track the position and movement of people and equipment underground.
Instead, it uses inertial navigation components that measure changes in geographic position, velocity and orientation.
''Our system can mean the difference between miners not being located after an accident or being rescued and coming home to their fami
lies,'' said Chief Operating Officer Jay Breeding.
With JumpStart's investment, ''We can accelerate the development of our inertial tracking system and begin to install systems in working mines,'' he said.
JumpStart was formed in 2004 to help accelerate the growth of innovative early-stage businesses in Northeast Ohio. InSeT becomes the 27th company in its portfolio.
Lee Poseidon, a JumpStart Entrepreneur-in-Residence assigned to work with InSeT, said the Miner Act of 2006 created immediate demand for InSeT's product.
The law set safety protocols for underground mines, one of which is the implementation of wireless two-way communications and electronic tracking systems by June 2009.
''And with the proven tracking technology of inertial navigation, InSeT's technology has the potential to be the most accurate underground tracking system available,'' Poseidon said.
InSeT is moving into the Akron Global Business Accelerator, which is home to other startup businesses, including JumpStart portfolio companies Knotice Ltd. and reXorce Thermionics Inc.
A company that has developed new technology for tracking people and equipment in underground mines is moving to Akron this month.
Get the full article here.
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