TROY – Three of the companies that received investments from Automation Alley through its Technology Business Accelerator have received additional funding from the state’s 21st Century Jobs Fund.

The selected companies include:

Critical Signal Technologies (Farmington Hills): provides 24-hour personal emergency response and remote medical monitoring services to elderly and disabled individuals with clinical or age-related conditions seeking to live safely and independently. Received $2 million from 21st Century Jobs Fund.

Hybra-Drive Systems LLC (Deerfield): developing a novel hydraulic hybrid power train (HHPT) for the light and medium truck markets. Like other hybrid power train concepts, the HHPT is an energy management system that decouples the demand for power from the generation of power, thereby providing the vehicle designer the opportunity to optimize overall vehicle performance. Received $3.3 million from 21st Century Jobs Fund.

Cielo MedSolutions (Ann Arbor): a provider of health care software and information technology. The company’s Web-based Cielo Clinic software helps drive clinical quality improvement and more effective management of chronic diseases. Received $2 million from 21st Century Jobs Fund.

�??This year�??s competition focused on companies that can produce a viable, sustainable business opportunity and jobs within the next five years,�?� said Thomas Anderson, Automation Alley senior director and director of entrepreneurism. �??We�??re pleased to see that three companies that we�??ve already selected for seed funding and are currently working with have received additional funding to support their growth. In order for the region�??s technology economy to continue moving forward, we must continue to provide our small companies with the necessary resources to commercialize and market their technologies and build revenues.�?�

The 21st Century Jobs Fund is a $2 billion, 10-year initiative proposed by Gov. Granholm, approved by the Michigan Legislature, and administered by the Michigan Economic Development Corp. The first round of funding in 2006 resulted in the award of $126.3 million to 78 organizations now engaged in high-tech research, commercializing new products, and creating new jobs.

This year, the Michigan Legislature only allocated $30 million, which will go to 17 Michigan companies. To see the complete winners�?? list, click on MITechNews.Com

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