CONTACT: TOM BAUER
109 Technology Innovation Center
Iowa City IA 52242
Two software companies to affiliate with UI Technology Innovation
VINTON, Iowa -- The State Board of Regents today (Wednesday, May 20)
approved leases that will enable Centaur Technologies, Inc. and Optimal
Electronics Corporation of Coralville to become corporate affiliates of
the University of Iowa (UI) Technology Innovation Center (TIC) on the Oakdale
Research Campus in Coralville.
The leases for space in M105 Oakdale Hall (Centaur) and 206 TIC (Optimal)
are effective June 1.
Centaur Technologies, Inc. is a software development and consulting
company that aims to develop expertise in embedded software development
for high-resolution displays using the Java programming language on Rockwell's
Java chip (JEM-1).
The company was established in June 1997 by Balkrishna Ramkumar of Coralville.
Centaur's president, Ramkumar received a doctorate in computer science
from the University of Illinois and was a University of Iowa faculty member
in electrical and computer engineering from 1992-97.
"We intend to position our company as a major subcontractor for
the avionics and communication industries. Our long-term goal is to develop
new embedded Java products in other application domains," he said.
Optimal Electronics Corporation develops and markets innovative software
solutions for the electronics industry with a focus on optimization for
printed circuit board (PCB) manufacturing.
The company was established in March 1998 by Ranko Vujosevic of Iowa
City. In addition to serving as president of Optimal, Vujosevic also heads
another TIC corporate affiliate, Integrated Engineering Solutions. Vujosevic
received a doctorate in industrial engineering from the University of Iowa
and was an associate research scientist in the UI Center for Computer-Aided
Design prior to founding his first company in 1996.
"We are confident that our proprietary technology provides a solid
foundation for development of software to serve the electronics industry,"
One of the university's technology transfer programs, the TIC was established
in 1984 to nurture new technology-based business ventures and to encourage
those companies to establish relationships with the UI.
With the addition of Centaur Technologies, Inc. and Optimal Electronics
Corporation, the TIC will have 18 tenant companies. Thirteen TIC "graduate"
firms remain in business after leaving the incubator.