Columbia

Winners chosen for distinction in Innovation, Corporate excellence and Entrepreneurship    

COLUMBIA, Md. (May 22, 2013) – The Maryland Technology Development Corporation (TEDCO) today hosted the organization’s third annual ICE Awards. Held at the Sheraton Columbia Town Center in Columbia, Md., the awards program recognized outstanding businesses and individuals from TEDCO’s diverse portfolio of more than 300 seed and early-stage companies. Winners were selected from nine finalists in the areas of Innovation, Corporate excellence and Entrepreneurship. More than 200 representatives from TEDCO’s portfolio companies and partnering organizations attended the event.

In celebration of TEDCO’s fifteenth anniversary, a special award was also unveiled. The inaugural TEDCO Vanguard Award was presented to Phillip A. Singerman Ph.D., TEDCO’s first executive director, for his integral support of TEDCO and dedication to moving the organization forward. Each year this award will be given to an individual who has supported the mission of TEDCO, and without whom the organization wouldn’t be the state’s leader in innovation, funding and networking for entrepreneurs and start-ups that it is today.

“Today TEDCO honored two companies and two individuals who represent the strength of our portfolio companies and of Maryland’s technology industry,” said Rob Rosenbaum, president and executive director of TEDCO. “The ICE Awards give TEDCO the opportunity to celebrate the accomplishments of businesses and entrepreneurs in the state, and we couldn’t think of a better way to celebrate our 15-year history.”

The winners are:

Innovation: Remedium Technologies, Inc. – Selected for creating a new technology that greatly improves or changes current products or processes and gained follow-on funding. Remedium Technologies is a medical device start-up that created a proprietary life-saving technology, Hemogrip™ that acts to stop traumatic bleeding rapidly. The company is located in College Park, Md.

Corporate Excellence: TRX Systems, Inc. – Recognized for its growth in the number of employees, revenue and investments, as well as community involvement and industry recognition. TRX Systems develops location and tracking technologies in areas where GPS is unreliable or unavailable. The company is based in Greenbelt, Md.

 Entrepreneur: Robert Rashford, Genesis Engineering Solutions – Selected for outstanding leadership by a company founder. Rashford is the owner of Genesis Engineering Solutions, a company that provides engineering and operations services and advanced laser technology for government and commercial customers. With more than 30 years of engineering experience, Rashford founded Genesis in 1993 in Lanham, Md.

The event also featured demonstrations by TEDCO portfolio companies of their technologies and prototypes, networking opportunities, the awards presentation and remarks by representatives from 2012 ICE Award-winning companies.

About TEDCO

TEDCO enhances economic development growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology companies in Maryland.

Media Contact
Tammi Thomas, Vice President, Marketing & Communications, TEDCO
tthomas@tedco.md