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CSTI ANNOUNCES NEW CEO

CSTI Newsletter

MARCH 2011

UPCOMING EVENTS:

HIGH ALTITUDE INVESTORS FORUM, APRIL 19 APPLICATION DEADLINE: MARCH 24

CLIENT NEWS

Colorado Springs Technology

INNOVATE. COLLABORATE. ACCELERATE.

CSTI celebrates a new chapter in the organization's history of accelerating the development and success of early stage companies as it welcomes Ric Denton as its new CEO.

Incubator

CSTI Board Selects

Ric Denton as New CEO

CSTI's Board of Directors has appointed Ric Denton to serve as its Chief Executive Officer, effective April 18. Denton, former CEO of Woodside Technology Group, Televere Systems, TAU Corporation, and past Chair of SCORE, will succeed Duncan Stewart, who is stepping down as CSTI's Chief Executive to become Chairman of the Incubator's Board of Directors. "CSTI's Directors are excited to have Ric become our next CEO," said Stewart. "We wanted an accomplished leader with considerable executive experience and an exemplary track record of building successful businesses. We found the right person in Ric. He is uniquely qualified to assist new technology startups as he has walked in their shoes and knows, from first-hand experience, the critical steps to success." Denton, who holds PhD and master's degrees in physics from the University of California at Santa Barbara, brings more than 30 years of experience in launching new companies and growing them into market leaders. Denton has worked with numerous businesses and non-profit organizations, including SCORE and Bridgehead Partners (now Tatum), that provide advice, assistance and valuations to emerging entrepreneurial businesses. Previously, he was Chairman of the Board of the Bay Area Regional Technology Alliance and President of the Silicon Valley Chapter of the Association for Corporate Growth.

Upcoming Events

April 19 High Altitude Investors (HAI) angels club meeting. HAI is a Southern Colorado community of investors interested in early-stage, high-growth opportunities. For more information, please visit www.highaltitudeinvestors.com. April 29 National Security Innovation Competition at United States Air Force Academy. The competition draws the best and brightest US and Canadian undergraduate and graduate level students conducting national and homeland security-related research. For more information, please visit www.coloradohda.org.

Welcome New Clients and Tenants

CSTI has accepted five new clients into our program: Carroll Range Designs. Creator of next generation golf products. GreenGold Lubricants. Makers of non-toxic industrial lubricants. Peak Age. Providers of software and services to assist caregivers of people diagnosed with dementia or other forms of cognitive impairment. Spectware. Makers of crane inspection solutions. Teramatix. Software designers for aerospace and defense.

SPECIAL THANKS TO OUR SPONSORS:

CSTI is excited to welcome the following new tenants to our building: MAP CPA's, LLP Suite J1 Ramsgate Insurance Suite K1 SCORE's Quickstart Office Suite C1 The Posh Corporation Suite F2

According to the National Business Incubation Association, start-up companies in incubators have a higher success rate than those developing without the critical business assistance provided by incubators: More than 65% of incubator-based early-stage companies are likely to receive third party financing, compared to less than 10% of early-stage companies not based in an incubator; 87% of incubator graduate companies remain in business after three years, compared to just 50% of non-incubator start-ups; 84% of incubator graduates remain in the same local region as the incubator from which they graduated.

Did You Know?

PLATINUM BBVA Compass City of Colorado Springs Colorado Springs Regional Economic Development Corp. El Paso County Phil and Anita Lane PV Strategies Sparks Willson Borges Brandt & Johnson GOLD The Richard Petritz Foundation Colorado Lending Source Laura McGuire TAEUS SILVER Amnet BiggsKofford CEA Technologies Dorsey & Whitney Jan and Susan Horsfall Gary and Maryann Markle Sandia Advertising Alan and Barbara Steiner BRONZE eEmployers Solutions ENT Federal Credit Union Homeland Security Solutions Six & Geving Insurance Stockman Kast Ryan + Co CHAMPIONS OF INNOVATION CIRCLE: Alexander J. Brown, PC Paul L. Byer Dr. Kurt Heppard Mary and Jimmy Fox Gail Richards/Whizbang Creative

The CSTI Ecosystem

CSTI works with an extensive network of business partners, professional service providers, investors, academic and government resources who are dedicated to helping our member companies transition from early stage ventures to successful businesses. Our partners include the Small Business Development Center, Service Corp of Retired Executives (SCORE), High Altitude Investors angel club, Peak Venture Group, the Economic Development Corporation, the Chamber of Commerce, Procurement Technical Assistance Center, University of Colorado, Colorado Technical University, and the U.S. Air Force Academy

Want to Get Involved?

Contact us at [email protected] or 719.685.7877.

3595 East Fountain Blvd Colorado Springs, CO 80910 www.cstionline.org

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