OSU sets record for royalties
STILLWATER — Royalties at Oklahoma State University topped $2 million in fiscal year 2012 for the first time. The royalties are generated by the use of university-developed technologies that are licensed to startup or existing companies. “It is definitely a milestone,” said Stephen McKeever, OSU's vice president for research and technology transfer. Topping the list of royalty-generators is a probiotic administered to the nation's dairy and feedlot cattle. Developed at OSU, the bacteria used in this direct-fed microbial help maintain the proper balance of microflora in the animals' gastrointestinal tracts. Other leading royalty-earners include a group of wheat varieties developed by OSU's Wheat Improvement Team and licensed to Oklahoma Genetics Inc., and a method for measuring radiation exposure used in 25 percent of the world's radiation badges.
Yukon company plans gala
YUKON — Friends of Yukon's Best Inc. will host a celebration and relighting ceremony on June 28 in honor of the completion of the Yukon's Best Flour sign. The Milling Around Celebration will be at 10 W Main in Yukon and will feature live music beginning at 7:30 p.m. The free public event will have activities for kids. Mill merchandise will be available for purchase. Silent auction of letters from the old mill sign will begin at 7:30 p.m. and end at 9 p.m. A live auction will begin at 9 p.m. before the relighting ceremony at 9:30 p.m.
Elephant Talk CEO invests $4.5M
Elephant Talk Communications Corp., provider of software and services developed to manage network, billing and systems infrastructure, has increased its previously announced registered direct offering. The offering has grown from $10.5 million to $12 million, led by a $4.5 million investment from Elephant Talk CEO Steven van der Velden and a $5 million investment from Crede CG III. Ltd. “I believe increasing this offering and using the proceeds to repay existing debt places the company in a stronger financial position by providing liquidity and lowering the company's outstanding debt significantly.”
From Staff Reports