Onondaga County says S&P affirms its bond rating, improves outlook

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SYRACUSE, N.Y. — S&P Global Ratings has affirmed Onondaga County’s bond rating of “AA” with an improvement from “stable” to “positive” outlook, the office of

The Influence of Economic Uncertainty on Business Value

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TTM Technologies holds beam-signing event as expansion project continues

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DeWITT, N.Y. — TTM Technologies Inc. (TTM) on Friday held a beam-signing ceremony at the site of its upcoming $130 million manufacturing facility adjacent to

MMRI research project receives $3.7 million NIH grant

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UTICA, N.Y. — The National Heart, Lung, and Blood Institute (NHLBI) of the National Institutes of Health (NIH) recently awarded a $3.7 million grant to support a project led by Chase Kessinger, principal investigator and assistant professor of biomedical research and translational medicine at Masonic Medical Research Institute (MMRI). Kessinger will use the funding to

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Kessinger will use the funding to research pulmonary embolism (PE), the third most-common cause of cardiovascular death.

“We are thankful to the NHLBI for their support of Dr. Kessinger’s research,” MMRI Executive Director Maria Kontaridis said in a news release announcing the grant. “We are confident this work will have a profound and lasting impact on the future of cardiovascular health.”

The five-year study aims to use advanced imaging techniques to understand how the size and age of blood clots impact lung inflammation and scarring, according to a press release from MMRI. Advanced imaging techniques may also allow researchers to measure the effectiveness of clot-dissolving therapies.

“PE is a devastating cardiovascular ailment that can lead to drastic reductions in quality of life and chronic, long-lasting limitations,” Kessinger said in the press release. “This project aims to help clinicians better diagnose and treat patients with PE.”

PE is a sudden blockage in one of the pulmonary arteries in the lungs. Usually caused by a blood clot that traveled from a deep vein to the lungs, which can happen during extended periods of immobility, and prevents blood from flowing properly.

Kessinger specializes in integrating translational imaging techniques and novel diagnostics and therapeutic agents to study and treat cardiovascular disease with the goal of finding tools to better identify and target blood clots to prevent PE.

“We’re conducting groundbreaking research right here in the Mohawk Valley,” he said. “This funding will empower us to support talented scientists and their transformative projects in Utica, fostering a thriving world-class scientific community.”

MMRI’s research focuses on the causes of cardiovascular, neurocognitive, and autoimmune diseases.

Syracuse, Ithaca firms among finalists in FuzeHub commercialization competition

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ALBANY, N.Y. — A Syracuse company and two firms with operations in Ithaca are among the 12 finalists in the annual FuzeHub commercialization competition. Triton Bio, Inc. of Syracuse, along with Anova Biomedical, Inc. and Parker Isaac Instruments d/b/a FormaPath, both with operations in Ithaca, are the regional finalists. Additional finalists are located in the

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ALBANY, N.Y. — A Syracuse company and two firms with operations in Ithaca are among the 12 finalists in the annual FuzeHub commercialization competition.

Triton Bio, Inc. of Syracuse, along with Anova Biomedical, Inc. and Parker Isaac Instruments d/b/a FormaPath, both with operations in Ithaca, are the regional finalists. Additional finalists are located in the New York City, the Capital Region, Long Island, and Mid-Hudson regions.

Albany–based FuzeHub is a nonprofit organization that supports small and medium-sized manufacturing companies in New York state.

The eighth annual commercialization competition — which is part of the upcoming New York State Innovation Summit — is set for Oct. 28-29 at the Nicholas J. Pirro Convention Center at Oncenter in downtown Syracuse. It happens yearly as part of the Empire State Development (ESD)-supported FuzeHub Jeff Lawrence Innovation Fund.

The finalists have the chance to win $50,000 by pitching their business plan before a panel of judges and a live audience. One firm will win the top funding award of $150,000.

“I would like to take a moment to celebrate our twelve outstanding finalists” Patty Rechberger, Innovation Fund manager for the Jeff Lawrence Innovation Fund at FuzeHub, said in the announcement. “It is a significant accomplishment to reach this stage. These companies have proven that they have what it takes to break through the noise and the tenacity required to turn their innovative ideas into reality. I cannot wait to work with them to get ready for their live pitches at the Summit.”

Regional finalists

The finalists include Triton Bio, Inc., which is working on scalable manufacturing of a “smart” incubator for automating microbial analysis. The firm’s website lists an address of 841 E. Fayette St. in Syracuse, which is Upstate Medical University’s Central New York Biotech Accelerator.

They also include Anova Biomedical, Inc. of Ithaca, which says it is working on the first self-transforming, fully biodegradable vascular grafts.

Another finalist, Parker Isaac Instruments d/b/a FormaPath, has a manufacturing facility in Ithaca. It is working on nToto, automated tissue handling and visualization system to gross small biopsies.

Its description on the FuzeHub announcement says, “FormaPath has proven their concept combining robotics and computer vision to automate small biopsy grossing. Labs are under significant pressure to meet turnaround time and limited resources; manual processes are inherently inconsistent. nToto quickly delivers high-confidence reports to guide appropriate treatment for all patients.”

Besides its Ithaca manufacturing location, the firm’s website also lists locations in Brooklyn and Hood River, Oregon.

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Klepper, Hahn & Hyatt has added Jon Pence to its staff. He is a structural-engineering designer with one year of experience. Pence, who has the

New York awarded $9.4 million to help small businesses tap into the semiconductor supply chain

Mohawk Valley, Employee Benefits & Human Resources, Law, Accounting & Taxes, Manufacturing & Engineering, New York News, Small Business, Technology

New York State has been awarded $9.4 million in federal funding, with $1.5 million in matching funds from Empire State Development (ESD), to help small

Nwosu inaugurated as SUNY Oswego’s 11th president

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OSWEGO, N.Y. — SUNY Oswego inaugurated Peter Nwosu as the school’s 11th president in a ceremony held Sept. 27. The event attracted observers from the

Bassett adds new MRI technology

Health Care, Featured, Mohawk Valley, New York News, Nonprofits, Subscriber Only, Technology

COOPERSTOWN, N.Y. — Bassett Healthcare Network has invested in new MRI technology at its Bassett Medical Center in Cooperstown to improve patient comfort while providing fast, high-quality scanning, the health system announced. Magnetic resonance imaging, or MRI, is a medical-imaging technique that uses a magnetic field and computer-generated radio waves to create detailed images of

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Magnetic resonance imaging, or MRI, is a medical-imaging technique that uses a magnetic field and computer-generated radio waves to create detailed images of organs and tissues in the body.

Bassett has added the Philips Ambition X MRI and Ambient Experience systems, built in Latham, integrates room design, dynamic lighting, mirrors, video, and calming sounds to give patients greater control of their surroundings to reduce stress levels during a process that many feel uneasy about. This can lead to better patient compliance with the scan, which requires little to no movement in order to capture clear images, according to the health system.

A 2020 survey by Philips found its Ambient Experience led to a 70 percent reduction in the need for rescans and an 80 percent reduction in patient sedation.

“This was my first MRI, and I must tell you, I was a bit nervous,” Patti Howland, an employee in Bassett Medical Center’s Radiology Department, said in a news release after trying out the new MRI system. “As a person who is not fond of small places, I was concerned I might get a bit claustrophobic. The staff was fantastic about explaining the procedure and excited to show me the images that would be displayed over my head. Unfortunately, my particular scan required that I keep my eyes closed, but the music was so soothing, I honestly almost fell asleep. I can truly say that I think the music and visual effects make a huge difference in comfort.”

Bassett has added the Ambient Experience to its existing MRI machine at the Cooperstown hospital as well.

The new Ambition system also operates with just seven liters of liquid helium instead of the usual 1,500 liters and never needs refilling, making it a more ecofriendly option than a standard MRI magnet, the release stated.

Utica University launches tuition-free program for eligible first-year students

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UTICA, N.Y. — Utica University says it is taking steps to make higher education affordable to more people with the Thursday, Oct. 3 launch of

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