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Back when SRI International opened a research facility in Harrisonburg (Rockingham County) in 2009 the hope was that this research facility would be a catalyst for new companies being launched in Harrisonburg and Rockingham County based on the research, discovery and innovations at SRI Shenandoah Valley. After all, that is what happened in the Silicon Valley at SRI International's primary research facility.
We may now be seeing the first spin-off company resulting from SRI International's presence in Harrisonburg.
The full details are in an SRI press release, but in summary, researchers at SRI Shenandoah Valley developed a proprietary bed bug detection technology that is being licensed to a new Harrisonburg-based company called Redcoat Solutions, Inc.
"Scientists at SRI developed a rapid, sensitive test that recognizes molecules specific to bed bugs. Redcoat intends to market the device under the brand name RAPID PURSUIT™. Based on preliminary testing, RAPID PURSUIT presents a number of advantages: unlike other detection devices, the test requires no sophisticated equipment and registers a response in minutes, and RAPID PURSUIT is designed to detect only bed bugs, avoiding confusion that could be caused by the presence of other pests."It certainly is exciting to see this first spin off company that will be based right here in Harrisonburg....
"Redcoat Solutions, Inc.'s Chief Executive Officer, John Hall, has drawn upon his knowledge of the bed bug detection and treatment industry in guiding the company toward the upcoming launch of RAPID PURSUIT. "We have assembled an excellent management team, and we have worked closely with SRI to develop a great product that will revolutionize bed bug detection in several industries," said Hall. "We look forward to taking RAPID PURSUIT to market very soon, and we already are at work on new products that we will introduce over the next several months. Redcoat has a great business opportunity, and one of the best things is that it will be based right here in the Shenandoah Valley.""Read more via SRI International's press release.
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