Guest guest Posted March 17, 2002 Report Share Posted March 17, 2002 http://www.jacksonville.com/tu-online/stories/031602/bus_8892746.html Saturday, March 16, 2002 Last modified at 10:33 p.m. on Friday, March 15, 2002 Company seeks A3 Technologies Reverse merger deal is on the table By Earl s Times-Union business writer A local company that develops air filtration systems that kill harmful microorganisms and biological warfare agents, including mold and anthrax, is in the process of being bought by a Knoxville, Tenn., holding company. Tennessee-based Tice Technology has an intent to acquire A3 Technologies of Ponte Vedra Beach, said Forrester, chief commercial officer at A3 Technologies. However, if the proposed deal occurs, A3 Technologies would keep its name and remain in the area. The seven-person company at 814 N. Highway A1A would take control of Tice in a so-called reverse merger. For the deal to take place, Tice Technology would have to sell two of its businesses, gain shareholder approval of a 10-for-1 reverse stock split and get $6.5 million in private investment. Yesterday, Tice officials did not return messages to discuss the deal. A3 Technologies is 50 percent owned by Atmospheric Glow Technologies, a research and development company based in Knoxville. Last year, the company spun off A3 Technologies to test and bring the company's atmospheric plasma technology from the concept phase to market. So far, A3 Technologies has created two subsidiary companies, EPS and PlasmaGen, which are the names of products it has created. EPS, which is an acronym for Enhanced Plasma Sterilization Filter Systems, is an air filtration system that will be tested later this month, Forrester said. Such a system could be used in large warehouses and other buildings. PlasmaGen focuses mainly on DNA preparation for nucleic acid research. This application could be used in the study of genetics and forensics. Traditionally, plasma, a high-temperature ionized gas, is made in a vacuum with nonatmospheric gases, such as argon and compressed helium, which is costly and time-consuming. A3 Technologies' plasma production process can be done at room temperature, Forrester said. " The reason we have great potential is that the technology offers dramatic improvements in cost, " he said. " It reduces the time that it takes to prepare DNA for analysis from several hours to about 2 minutes and 15 seconds. " " And from a scientific point of view, the kill rate is 99.9999 percent efficient. Those four nines would not have much meaning to the average person, but a scientist would understand that it has to do with logarithmic math functions. " The atmospheric plasma technology was developed by scientists at the University of Tennessee. In January 2000, they formed Atmospheric Glow Technologies. Staff writer Earl s can be reached at (904) 359-4689 or via e-mail at edaniels@.... Quote Link to comment Share on other sites More sharing options...
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