Smooth-Stone Lands TETF Grant
(Exerpt taken from the Austin Business Journal article posted on Friday, August 21, 2009)
An Austin company has received a commercialization award through the Texas Emerging Technology Fund.
Smooth-Stone Inc., which is a member of the Austin Technology Incubator and develops low power server technology, will receive an initial $250,000 pre-seed investment from the state with potential for $1 million in total investment for the commercialization of its technology.
“Smooth-Stone’s innovative architecture has the potential to change the server market and keep Texas on the cutting edge of technology,” said Jack McDonald, chairman and CEO of Perficient Inc. and chairman of the Central Texas Regional Center of Innovation and Commercialization.
Barry Evans, CEO of Smooth-Stone, said the server market is catching on to what the mobile phone market has known for nearly 20 years.
“Power consumption matters,” Evans said. “Moore’s law delivers amazing gains in server computer performance, but power and cooling challenges are now front and center. Smooth-Stone is bringing low-power mobile phone technology to servers. We are proud to partner with the Austin Chamber of Commerce, the Central Texas Regional Center of Innovation and Commercialization, the state of Texas and the Austin Technology Incubator to lead the push for truly green datacenters.”
Read more here.