XStream Systems
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| Type | Private |
|---|---|
| Industry | Pharmaceutics |
| Founded | 2004 |
| Headquarters | USA |
| Key people | James J. Lowrey Co-CEO Anthony Chidoni Co-CEO, COO Brian Mayo, President Dennis Cummings, CFO Alan Clock, Senior VP Sales Pat Earl, VP Business Development Paul J. Micciche, SVP Engineering |
| Products | EDXRD Equipment |
| Website | xstreamsystems.net |
XStream Systems Inc is a US-based company which develops X-ray based identification equipment for research and pharmaceutical industry applications[1]. The company is named after the stream of photons emitted from an X-ray source. XStream Systems' logo is derived from both a graphic representation of the letter "x" and multiple hurricanes hitting their eastern seaboard headquarters in 2004. The current corporate headquarters are located in Sebastian, Florida.
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[edit] Company history
This company was incorporated in May, 2004. The technology used in XStream Systems' products was first developed at Rutgers University[2]. In late 2009 the company filed documents to go public through an IPO,[3] however no IPO was ever concluded. The market cap would have been US $132 million on revenues of US $270,000 and a loss of US $3.6 million for the trailing 12 months.[4] In September 2010 the company amended it's U.S. Securities and Exchange Commission filings so as to be able to sell shares for up to US $40 million at US $8 per share.[5]. As of May 2011 the company remains privately held.
[edit] Areas of expertise
Products are based on Energy Dispersive X-Ray Diffraction (EDXRD)[6], a technology also used in synchrotrons. Following Bragg's Law, XStream Systems' equipment verifies molecular crystal structure[7] of materials and authenticates a pharmaceutical's composition.
[edit] External links
- Company home page
- XT250 System Manufacturer
- Announcement of partnership with Kimball International
- National Defense directory listing
- US Department of Homeland Security Stakeholder's Conference
- X-Ray Safety Academy
- Pharmaceutical Processing Magazine appearance
- Pharmaceutical Technology Magazine appearance
- XStream Systems' XT250 System featured as Improving Security in Drug Topics Magazine
- Florida Venture Capital Conference Presenting Company
- XStream Systems Presents At Middle East Counterfeit Medication Conference
- XStream Systems offers leasing option for authentication system
- Company Profile
[edit] References
- ^ Pharmaceutical Online, VertMarkets, Inc., December 4, 2007
- ^ Rutgers-based start up companies, Rutgers, The State University of New Jersey, September 4, 2007
- ^ Securing Pharma article describing pending IPO
- ^ http://www.iposcoop.com/index.php?option=com_content&task=view&id=1955&Itemid=134
- ^ September 2010 SEC filing document
- ^ Williams, J: "Healthcare Distributor", page 81. E.L.F. Publications, Inc., December 2006/January 2007
- ^ Mayo, B: "Lab+ International", Volume 21, Issue 2, page 26. BPA Worldwide, May-June 2007
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