14 Apr New Wisconsin company formed from CATI patents
Sturtevant, Wis – RmSys, Inc. has announced its formation based on technology licensed from the Center for Advanced Technology and Innovation, Inc. RmSys will be using the patented technology for an industrial application in environmental remediation. Ram Bhatia, chief operating officer of RmSys indicated the company has secured a license agreement with CATI on its agricultural chemical leaching inhibition technology.
CATI Director Matthew Wagner said the original technology was donated to CATI from International Specialty Products, a global chemical company headquartered in Wayne, N.J. ISP offers specialty solvents and intermediates used by agricultural chemical companies in the formulation and manufacturing of crop-protecting chemicals. ISP-patented research in agricultural chemical technology explores how to convert insect and weed-control chemicals into consumer and environmentally friendly products, including anti-leaching technology. Bhatia said, “We saw a unique commercialization opportunity to utilize this particular leaching technology in another form than its originally designed purpose.”
CATI has also helped form RmSys, management team, which includes a former S.C. Johnson organic chemist and University of Wisconsin-Parkside professor, who is a specialist in environmental remediation, Wagner said. Bhatia added the company is currently working on a small business innovation research grant with the U.S. Environmental Protection Agency and U.S. Department of Agriculture to assist with initial research and development for this new application. The terms of the license agreement were not disclosed.
CATI is a Racine-based partnership of academic, economic development and workforce development agencies that acquires patents donated by private industry and matches them with entrepreneurs in an effort to spawn new companies.