Centice Corporation Secures New Round of Funding on PINPOINT Rxâ„¢ Product Introduction and Law Enforcement Beta Success
Company receives $2.3M in additional venture capital financing
Morrisville, NC (PRWEB) May 26, 2011
Centice Corporation, a pioneer in chemical verification and identification using Raman spectroscopy and computational sensor technology, announced today that it has received an additional $2.3M in funding to drive growth in hospital medication reconciliation solutions and drug identification in law enforcement applications. PINPOINT RXÃ¢“¢, a low cost device for identifying prescription medications in Emergency Rooms and patient admission areas, answers the need for medication reconciliation while reducing time to treatment for patients. Also, recent success in Centice’s Beta program for law enforcement is driving the development of future product categories.
“We are very excited about our continuing efforts to provide a unique solution for emergency room medication reconciliation with PINPOINT RxÃ¢“¢”, said Centice CEO Scott Albert. “This new round is a testament to not only our current success but our future plans in the law enforcement market.”
“We are leveraging our Computational Raman Technology in an extremely low cost, portable device that assists law enforcement with identifying both prescription and illicit drugs in the field”, said Centice CTO Prasant Potuluri. “The same technology once only reserved for central crime labs will now be available for field officers.”
Centice Corporation creates and delivers advanced technology innovations to select markets in pharmacy operations, healthcare, manufacturing and homeland security. By leveraging an expertise in applied Raman Spectroscopy, computational sensors, and machine vision technology, Centice provides products and integration expertise that saves lives and protects people’s lifestyles. PINPOINT RxÃ¢“¢ and PASS Rx® chemically identifies and verifies medications and is a vital component of hospital and pharmacy operations. The company’s scientists and engineering teams work with a network of partners to answer emerging commercial needs. Headquartered in Morrisville, N.C. and founded in 2004, the company maintains sales offices across the country and markets and sells products directly and through distributors. More information can be found at http://www.centice.com.
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