The technology nonprofit i2E Inc. has invested $300,000 in the Tulsa-based startup Sway Medical Technologies. The investment will come from the OKAngel Sidecar Fund. Managed by i2E, the fund is one of three Accelerate Oklahoma! investment vehicles created in 2011 by i2E through a partnership with the Oklahoma Department of Commerce and the U.S. Treasury State Small Business Credit Initiative. The OK Angel Sidecar Fund is designed to invest in companies alongside Oklahoma angel investors. The i2E managed fund participated in an investment round for Sway Medical of $700,000 that included funds from Oklahoma angel investors.
Smartphone workshops planned
U.S. Cellular will offer several free workshops for smartphone and tablet users over the next two weeks in Oklahoma City. At the workshops, U.S. Cellular associates will show attendees how to get the most out of the features on their Android-powered, Windows Phone and BlackBerry devices. The workshops are open to members of the public who call to RSVP. Workshops will be: 5 to 7 p.m. Thursday at 7000 Northwest Expressway, Suite A, 728-2377; 9 to 10 a.m. Saturday at 2301 S I-35 Service Road in Moore, 912-4665 and 9 to 11 a.m. March 16 at 6406 N May Ave., 843-7073.
POSTROCK ENERGY CORP.
PostRock Energy Corp. on Wednesday reported a net loss of $14.4 million, or 89 cents a share, for the fourth quarter. The company earned $6.9 million, or 72 cents a share, in the same period of 2011, but it was able to slash its debt by 70 percent in 2012. PostRock also increased its oil production by 23 percent for the year. “2012 was an eventful and transitional year for PostRock,” CEO Terry W. Carter said. “As gas prices declined in early 2012, we quickly refocused our efforts on developing oil projects on our existing leasehold.”
From Staff Reports