EpimedX gets i2e concept funds
The nonprofit i2E Inc. has approved Oklahoma City-based EpimedX LLC for $200,000 in matching financing through its Concept Fund program. The Concept Fund is backed by state appropriations to help develop small businesses. i2E manages the fund through a partnership with the Oklahoma Center for the Advancement of Science and Technology. EpimedX is developing a treatment for blood diseases that include sickle cell disease, beta-thalassemia and malaria. The company was founded in 2011 by Dr. Robert Floyd and Dr. Robert Broyles. The i2E funding is part of a targeted $600,000 round of funding for EpimedX.
Union rejects AT&T contract
The local Communications Workers of America chapter failed to ratify a new four-year contract with AT&T, the communications company said last week. AT&T Southwest reached a tentative agreement last month in its wire line contract negotiations with Communications Workers of America District 6, but it needed to be approved by union members. The contract expires April 6.
Subsidized cellphones available
Life Wireless is offering subsidized mobile telephone service to low-income people in Oklahoma. Service is provided through a federal program created in 1985 to ensure Americans have access to quality telephone service. Potential subscribers must take part in a federal assistance program or earn no more than 135 percent of the federal poverty level. “A cellphone is ... a critical tool that helps people to stay in touch with their doctors, loved ones, and potential employers, and enables them to contact 911 during an emergency,” said Jim Carpenter, a Life Wireless senior vice president. The service is in 13 states and Puerto Rico.
OSU drone design advances
STILLWATER — An aerospace engineering team from Oklahoma State University has been picked for the next phase of the BORDERS Small Unmanned Aircraft System Competition. The Department of Homeland Security chose OSU for its unmanned aircraft design that integrates a quiet propulsion system into a small aerodynamic platform. Other universities chosen include Purdue, Texas A&M and Saint Louis University. Administered by the National Center for Border Security and Immigration at the University of Arizona, the project looks at unmanned aerial systems for use by first responders in disaster recovery, fire and police response and search and rescue.
Facebook adds gift card service
NEW YORK — Facebook's newest e-commerce idea: A gift card users can buy that can be spent at retailers and restaurants such as Target, Jamba Juice and Olive Garden. Facebook last fall introduced a gifts service that lets people send chocolate, flowers and other actual goods to Facebook friends. Facebook Inc. said Thursday the reusable card will be available to U.S. users gradually. To send gifts, users click on the “gifts” icon on their friends' Facebook pages or with birthday notifications. The company said it expects the gifts portion of its revenue to stay small this year.
From Staff and Wire Reports