LSGPA Invests $750,000 in Nittany Polymedics, Inc.

Provider of Specialized, High-Performance Polymers Strives to Improve Medical Products

STATE COLLEGE, Pa. The Life Sciences Greenhouse of Central Pennsylvania (LSGPA) announced today an investment of $750,000 in Nittany Polymedics, Inc. (NPI), a spin-out of State College-based Polymics, Inc.

NPI designs, develops, manufactures and distributes high-performance, specialty, polymer-based products that meet the growing need among medical and dental companies for materials with particular characteristics, such as permeability to x-rays, extreme wear resistance, biological compliance and tissue in-growth, or the capacity to withstand repeated sterilization cycles.

“We delight not just in solving customers’ problems,” says CEO Jeffery J. Sheldon, “but also in forging partnerships with customers to bring improved products and supply chain efficiencies to the marketplace.”

NPI’s advanced materials are already in use in a range of orthopaedic devices and dental implants, and are expected to appear in surgical tools that will debut later this year. “From an investment perspective, the company’s technical know-how and sensitivity to customer needs looks like a winning combination. We anticipate this investment will soon bring a positive economic impact to the State College region,” said LSGPA President and CEO, Dr. Mel Billingsley.

About LSGPA

The Life Sciences Greenhouse of Central Pennsylvania speeds commercialization of life sciences technologies through seed and pre-seed stage investments of up to $1 million in emerging companies. Clients include university-based researchers and technology development groups, startup companies, and firms seeking to expand or relocate. To date, more than $17 million has been invested in central PA’s life sciences industry. To learn more about LSGPA’s services and investment philosophy, visit www.LSGPA.com

About NPI

Nittany Polymedics, Inc. develops and commercializes high performance & high value materials, compounds, semi-finished goods, and proprietary polymer based products for use in the medical device and dental markets. NPI was spun-out of Polymics, Ltd, located in State College, PA, an independent manufacturer of the world’s most sophisticated polymer based products used in the oil & gas, semiconductor, aerospace, military, and life science industries. The growing interest to convert medical products from metallic to polymer substrates, and ever increasing need for the products to perform in high stress/strain and high temperature environments, served as the catalyst for NPI formation from metallic to polymer substrates, and ever increasing need for the products to perform in high stress/strain and high temperature environments, served as the catalyst for NPI formation.

Source: Life Sciences Greenhouse of Central Pennsylvania (LSGPA)